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IHS Markit forecasts 18% drop in global vehicle sales YoY to 73.3M units under extended lockdown scenario

Green Car Congress

IHS Markit is projecting an 18% drop in global new vehicle sales year-on-year under an extended lockdown scenario to 73.3 Regionally, that breaks out to: -26% US vehicle sales decline YoY to 12.6 17% Europe vehicle sales decline YoY to 17.1 14% China vehicle sales decline YoY to 21.8 million units. million units. -17%

Stimulus 221
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Current issue of fka/Roland Berger E-mobility Index drops US to 4th place

Green Car Congress

The index—now in its tenth year—facilitates a comparison of competitive positions of the relevant automotive nations (the US, Germany, China, France, Italy, Japan and South Korea) in the field of e-mobility, based on an objective assessment of those countries in three key areas: technology, market and industry.

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BYD sells 18,220 EVs in China in November, up 128% year-on-year

Green Car Congress

November sales of plug-in hybrids passenger vehicles hit 7,333, up by 2.9% Sales of pure-electric vehicles and plug-in hybrids January-November 2020 were 139,246 and 69,390, respectively, down by 19.9% Chinese automotive manufacturer BYD sold 18,220 pure-electric passenger vehicles in November, up by 22.1% from October and by 127.8%

BYD 294
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IHS Markit: global auto sales to drop 22% this year

Green Car Congress

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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Argus: China’s Southern Rare Earth ups Tb, Ho, Gd, Dy prices; rising magnet demand

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Restocking demand from magnet manufacturing plants started to recover from mid-October because of limited rare earth feedstock inventories and a rise in magnet sales. Argus produces price assessments and analysis of international energy and other commodity markets, in addition to offering bespoke consulting services and conferences.

Price 170
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IHS Markit: better-than-expected growth in global automotive semiconductor revenue in 2020; bolstered by uptake in EVs

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IHS Markit continues to anticipate robust growth in 2021 reflecting improved demand and production conditions and especially a further uptake in electric vehicles, one factor which has helped to boost the semiconductor market in 2020. In many cases this favored sales of smaller, less electronically equipped vehicles.

2020 170
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This is How the COVID-19 Pandemic Affect The Global EV Market

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As a result, a huge drop in sales in the automotive sector was reported worldwide. The main reasons for global automotive sales drop are, The purchasing power of consumers decreased. Despite this general situation of the automotive industry, the EV sales have been stable and were even pretty good during the tough times.

Market 52