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IHS Markit: global auto sales to drop 22% this year

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IHS Markit cut its forecasts for global light vehicle sales and production as the impact COVID-19 impact has depressed demand. According the new analysis, global light vehicle sales are now forecast to be 69.6 The IHS Markit forecast for Greater China sales in 2020 sees volume at 21.4 market sales forecast is 12.5

Global 150
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Zero-Emission Truck (ZET) Coalition calls for government to prioritize investments benefiting ZETs

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The National Zero-Emission Truck (ZET) Coalition, including some four dozen organizations representing the US’ major heavy truck makers, innovators, suppliers and key stakeholders, sent a letter to Congressional leadership calling on any stimulus or recovery legislative package to prioritize investments that benefit U.S.

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Pike forecasts 26.4% CAGR for electric-drive buses to 2018; hybrid, battery-electric and fuel cell

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In a new report, “ Electric Drive Buses ”, Pike finds that China market will constitute the majority of global electric drive bus sales, while some of the more developed markets will see fluctuations in electric bus uptake. North America is the leading market for this technology, with hybrids capturing 30% to 40% of annual transit bus sales.

2018 276
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PwC’s Autofacts forecasts global light vehicle assembly to reach 81.8M units in 2013, up 3.3% from 2012

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This will bring the region in sync with the recent recoveries in North America and Eastern Europe and the continued growth in developing Asia-Pacific and South America, according to the consultancy. Global automotive industry regional highlights include: North America. Autofacts sees full-year 2013 sales reaching 15.6

2013 220
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IHS Markit: global commercial vehicle production to drop 22% in 2020 in wake of COVID-19

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Looking across the full year, IHS Markit is expecting a 21% decline over 2019 production volumes due to a combination of factors including COVID-19, but also the natural weakening in truck demand following unusually strong sales in 2018-19. The local industry is already recovering, with commercial vehicle plants re-opened.

2020 191
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Japan Automakers Plan to Step Up Exports of Small-Cars

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Foreign demand for small cars has been growing in part because of stimulus measures in some countries to encourage consumers to replace their cars. liter subcompact sold as the Demio in Japan and the Mazda2 elsewhere to North America. will launch European sales of the 1-liter Pixo, made by Suzuki Motor Corp. Mazda Motor Corp.

Japan 150
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ZAP, Zhejiang Jonway Partner to Target China and Export EV Markets

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ZAP and Jonway will jointly market and sell electric vehicles in China, North America and Europe to broaden market reach. In 2009, China overtook the United States as the world’s largest automobile market with sales increasing 46 percent from 2008 to 13.6

China 186