Search results for: 'long term impacts of evolving cloud'

In 2020, there was a 26.8% drop in total LATAM passenger vehicle sales, equivalent to a reduction of 1.5 million units. The Brazilian market was responsible for the largest drop in units, reaching 710,000 units less than 2019, followed by Mexico’s 368,000 unit drop. The automakers had different strategies for this period, from closing plants to dev...

COVID-19 has brought the two-wheeler industry to a screeching halt. Governments across the world were forced to institute lockdowns on commercial and personal life for nearly two months. The automotive industry took the biggest hit as the global supply chain had to come to a halt. With customers not purchasing new vehicles, the two-wheeler (2W) ind...

The aim of this study is to research, analyze, and forecast digital retailing in the automotive industry. Digital retailing is creating a revolution in the way cars are being sold or the way a brand is being experienced in prime areas of a city. The research identifies retail strategies and opportunities for future growth of automotive original equ...

This study details the size and shape of the company car (true fleet) market in Luxembourg with a focus on the actual development and growth potential of finance lease and operating lease within Passenger Vehicle (PV) and Light Commercial Vehicle (LCV) segments. The analysis takes into account historic data, current market conditions (PESTLE, key d...

08 Dec 2020  |  North America  |  Market Research

Evolution of Electric Vehicle Battery Reuse and Recycling, Global Market, Forecast to 2025

NMC Batteries will become a Profitable Proposition in Terms of Recycling; LFP Batteries will have Higher Reuse Value

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China will continue to dominate the electric vehicle (EV) battery reuse and recycling market because it is the worlds largest EV market. The rising number of EVs on the road is anticipated to increase the cost of the key materials used in batteries (lithium and cobalt, for example). To reduce their dependence on the import of key materials from oth...

This study analyzes the competitive landscape, business models, pricing, and future focus areas of dealerships, DMS providers, and third-party vendors in the automotive CRM market. Automotive retail is shifting from a product-driven to customer-centric approach and accommodating changing customer expectations have become crucial for dealers. Howev...

03 Nov 2020  |  South Asia, Middle East & North Africa  |  Market Research

Innovative Cloud-based SaaS Business Models Driving the GCC Connected Trucks Telematics Market, 2022

With Improved Technological Enhancements, Future Growth Potential is Expected to Remain Optimal Despite Volatile Economic Conditions

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The connected trucks telematics market in the Gulf Cooperation Council (GCC) region is poised for a slow growth due to perilous economic conditions. The market—in an economy hit by the double impact of the ongoing Coronavirus 2019 (COVID-19) pandemic and the slump in oil prices—is dominated by local aftermarket participants, while OEM suppliers are...

The increasing use of blockchain technology will go hand in hand with growing advances in the commercial vehicle industry, especially through digitisation and automation. Key trends such as digital transformation, rise in automation, modern logistics systems, and proliferation of financial technology (fintech) influencing trucking are expected to d...

29 Apr 2021  |  Asia Pacific  |  Market Research

Disruptive COVID-19 Influencing Malaysia’s Automotive Industry, 2021

Sales Tax Exemption on New Passenger Vehicle Softens the Impact of the COVID-19 Pandemic on the Automotive Industry and Promotes Transformational Growth

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In 2020, Malaysias Total Industry Volume (TIV) dropped 12.4%, compared to 2019, with only 529,434 units being sold. The Passenger Vehicle (PV) segment remained dominant with 90.8% market share. The sales tax exemption introduced between June and December 2020 spurred the demand for the segment. Sales of gasoline powertrain grew from 82.6% in 2019 ...