Autovista Group

Strong growth for the #EU LCV market in 2024 https://lnkd.in/eMBarEwF #AutomotiveNews #Transport #Europe #Markets

🚗 New and used-car values in #Poland impact international markets - Poland’s domestic used-car market saw stability in the fourth quarter of 2024. - Used vehicles up to two and a half years of age, and those over seven and a half years lost the least value last year. This shows the attractiveness of young cars, whose values have hit significant lows. The trend also highlighted the popularity of older, cheaper models. - Three-to-four-year-old vehicles, as well as pre-pandemic models between five and seven years old, saw the greatest depreciation. These came primarily from fleets, offered in large quantities. Get the full analysis https://lnkd.in/d7YSWFa2 #Europe #AutomotiveNews #UsedCars #NewCars #Markets

📈🚗 Rising #US new-vehicle sales enabled by discounts - The average new-vehicle retail transaction price in January is expected to reach $44,636, down $238 from January 2024. The highest for any month, $47,329, was set in December 2022. - Average incentive spending per unit in January is expected to reach $3,226, up $730 from January 2024. Spending as a percentage of the average MSRP is expected to increase to 6.5%, up 1.3pp from January 2024. - Average incentive spending per unit on trucks and SUVs in January is expected to be $3,410. This is up $751 from a year ago, while the average spending on cars is expected to be $2,383. This is up $546 from a year ago. - Retail buyers are on pace to spend $38.5 billion on new vehicles, up $1.9 billion from January 2024. - Trucks and SUVs are on pace to account for 81.5% of new-vehicle retail sales in January. - Fleet sales are expected to total 201,655 units in January, up 2.5% from January 2024. Fleet volume is expected to account for 18.2% of total light-vehicle sales, down 0.3pp from a year ago. - Average interest rates for new-vehicle loans are expected to be 6.7%, down 16 basis points from a year ago. Read the latest outlook from J.D. Power here https://lnkd.in/eV5pnbks #AutomotiveNews #Markets #Sales #NewCars #UsedCars

▶️ 𝗖𝗵𝗶𝗻𝗲𝘀𝗲 𝗰𝗮𝗿𝗺𝗮𝗸𝗲𝗿𝘀 𝘁𝗮𝗿𝗶𝗳𝗳 𝗯𝗮𝘁𝘁𝗹𝗲 Chinese automotive manufacturers BYD, GEELY, and @SAIC have challenged the EU’s import tariffs on BEVs built in China. This follows the confirmation of definitive countervailing duties announced back in October 2024. Under the import rules, BYD could face total tariffs of 27%, Geely 28.8% and SAIC, 45.3%. According to Reuters, the three carmakers have submitted a challenge to the Court of Justice of the European Union. Filings show the carmakers lodged their complaints at the General Court a day before a deadline to do so. The China Chamber of Commerce for Import and Export of Machinery and Electronic Products also filed a complaint. The Chinese Chamber of Commerce to the EU urged Beijing and Brussels to negotiate a compromise to avoid tariffs being applied to BEV imports. ▶️ 𝗘𝗨 𝘀𝘂𝗯𝘀𝗶𝗱𝗶𝗲𝘀 𝗳𝗼𝗿 𝗕𝗘𝗩𝘀? The European Commission is considering pan-EU subsidies to boost demand for electric vehicles (#EVs). Teresa Ribera, executive vice-president of the European Commission, told the Financial Times at the World Economic Forum that officials are ‘shaping’ options for an incentive programme. Conforming to World Trade Organisation rules while supporting the local automotive industry will be a major challenge. As reported by Bloomberg, German Chancellor Olaf Scholz said that pragmatic solutions were needed, not ideological ones. ‘I am delighted that the president of the Commission has now taken up my proposal for harmonised Europe-wide purchase premiums for electric vehicles,’ he commented. ▶️ 𝗧𝗿𝘂𝗺𝗽 𝘁𝗮𝗿𝗶𝗳𝗳 𝘁𝗵𝗿𝗲𝗮𝘁 Following Donald Trump’s inauguration on 20 January, the possibility of tariffs on imports from China, Canada and Mexico has increased. Proposed duties were not imposed on his first day in office. However, #Trump directed federal agencies to evaluate US trade relations with these markets. Volkswagen (VW) warned against the ‘harmful economic impact’ of proposed tariffs on imports from Mexico, where it operates a major factory. The brand is not alone, according to Reuters. Audi, BMW, Nissan, Kia, Mazda, Stellantis, and Toyota all have plants in the country, with import channels to the US. The imposition of #tariffs could create financial headaches for these carmakers. Despite previously promising tariffs on #China, Trump did not target the country in his inauguration speech, or immediately impose duties. https://lnkd.in/e8p4HBma #AutomotiveNews #WorldNews #Insights

⚡PHEVs contribute to BYD success in Chinese #EV market record https://lnkd.in/eiksxamB - A total of 1.3 million EV units were registered in November, up by 48.6% year on year. - This was also the fourth consecutive month where the market achieved more than one million deliveries. - Prior to this run, China had only ever reached this total once, in December 2023. Therefore, the country is embracing EVs more than ever. - Much of this result was thanks to the continued success of PHEVs. Battery-electric vehicles (BEVs) led the EV mix, with 59.1% of the total, down from 66.5% a year previously. - Meanwhile, PHEVs took 40.9% of EV deliveries, improving from 33.5% in November 2023. - In the first 11 months of 2024, just under 9.9 million EVs were delivered to customers in China. This represented a year-on-year increase of 39.1%. BEVs made up 57.2% of these registrations, down from 67%. PHEVs, on the other hand, took 42.8% of the market, up from 33%. - BYD lead the overall EV chart in November. This was thanks to its performance in the PHEV market, where it held seven of the 10 top spots. - The Chinese brand was comfortably ahead of its competition, with 392,099 EVs delivered in the month. #China #AutomotiveNews #Analysis #Tesla #BYD #EVs

🎙️ The Autovista24 #podcast covers every area of the automotive industry, featuring exclusive insights from global experts... Listen to the latest episodes as well as the archive▶️https://lnkd.in/dxc4qSG #Automotive #Insights #Spotify #AutomotiveNews #Audio #OnDemand

📉🚗 The latest Monthly Market Update from Autovista24 revealed how major used-car markets saw residual values follow a declining trend across 2024. Find out how used-car residual values performed at the end of 2024  and what used-car market factors drove their development ▶️https://lnkd.in/e96aEWJ8 #UsedCars #Automotive #Values #Markets #Europe #Analysis

🎤 The Automotive Update: Chinese carmakers challenge #EU tariff plans Chinese carmakers challenge EU import duties, Trump’s potential tariffs, and automotive suppliers announced thousands of job cuts in 2024. Phil Curry, Autovista24 special content editor, reviews this week’s major automotive stories. Read more and listen here https://lnkd.in/e8p4HBma #AutomotiveNews #Podcast #OnDemand #China #Trade #Tariffs

📈🚗 What will happen to automotive residual values in 2025? In a FREE webinar, taking place on January 30 at 9.30am GMT, Autovista Group experts will discuss market developments and 2025 outlooks with Autovista24 editor Tom Geggus. ▶️Key topics will include: 1. What’s the actual state of Europe’s used-car market? 2. Will electric vehicle residual values come under even more pressure? 3. What do Autovista Group’s latest forecasts suggest for 2025? ▶️Join the team of experts, including: - Ana Azofra, Regional Head of Valuations (SWE & PL) - Dr. Christof Engelskirchen, Chief Economist - Tom Geggus, Autovista24 Editor - Dr. Anne Lange, Director of Research and Innovation - Robert Madas, Regional Head of Valuations (DACH & SEE) ▶️Read more and sign up here: https://lnkd.in/e8wTCDEc #UsedCars #Automotive #Markets #Europe #Inisghts #VehicleSales

BYD dominates China’s PHEV market during November Plug-in hybrid (PHEV) registrations continue to improve rapidly in #China, thanks to domestic carmaker BYD. Yet, battery-electric vehicles (BEVs) still lead the marketplace. Autovista24 special content editor Phil Curry examines the latest #data from EV-volumes.com. Read more https://lnkd.in/gDF_t4Uv #ElectricVehicles #AutomotiveNews #CarSales #Markets