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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 IHS Markit forecasts a similar decline for global light vehicle production, falling to 69.3

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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IHS Automotive forecasts global automotive sales for 2015 to reach 88.6 over 2014, continuing an unbroken five-year run of sales recovery and growth from the low point set in the depth of the Great Recession in 2009. However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2

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Foton Motor and motorcycle leader Piaggio Group partner on development of light commercial vehicles; EVs to come

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Foton Motor and Piaggio Group signed the agreement for a joint development project for new light-duty commercial vehicle products in Italy. The European market is an important sector for the global development of Foton Motor. In 2017, its global sales volume of commercial vehicles hit 176,800 units. Piaggio Porter.

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Honeywell Transportation Systems Forecast: turbocharged vehicles to account for 48% of annual global sales by 2021; electric boosting emerges

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Honeywell’s Transportation Systems Forecast projects that turbocharged vehicles will acount for 48% of annual global sales by 2021, up 9 percentage points from 2016. The global turbo business is expected to reach almost $12 billion in industry sales in 2021. million versus 7.5 million in 2016.

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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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Global light vehicle assembly will reach 81.8 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.

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Honeywell Global Turbo Forecast projects 49M turbocharged vehicle sales, $12B revenue per year by 2019

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The automotive turbocharging industry will generate $12 billion in revenue by equipping 49 million vehicles with turbochargers annually by 2019, according to Honeywell Turbo Technologies’ 2014 Global Turbo Forecast. Regional growth projections. Source: Honeywell Turbo. Click to enlarge. million turbocharged vehicles by 2019.

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Cenntro introduces two new electric vans at IAA Transportation

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The two new vehicles, the Logistar 260 (LS260) and the Logistar 100 (LS100), join the LS product line now available globally in Class 1 to Class 4. The first deliveries of the all-electric commercial vehicle are planned for the first quarter of 2023 in Europe, followed by market launches in Asia, the Caribbean and South America.