ION Energy Ltd’s Post

China NEV retail at 664,000 in Sept 1-22, up 7% from same period last month China's NEV retail penetration stood at 53.41 percent in the September 1-22 period, and 45.36 percent year-to-date. cnev.co/PD9XdeE

Wholesale used vehicle prices increased in August, with the Manheim Used Vehicle Value Index (MUVVI) rising to 203.9 This reflects a 1.2% increase from July, though still down 3.9% from a year ago. https://bit.ly/47i1uNn

How is the used-vehicle market adjusting to the current economic climate? In June, the Manheim Used Vehicle Value Index (MUVVI) fell 8.9% year-over-year, highlighting notable declines in wholesale and retail prices. Despite this trend, signs of market stabilization emerged towards the end of the month, with robust sales conversion rates indicating strong buyer demand. Learn more about the latest trends impacting the used-vehicle market. #UsedVehicleMarket #EconomicClimate #VehicleIndustry

Used Truck Update 📢 The used Class 8 average retail sale price built on July’s progress in August, climbing 4.6% m/m to $58,350. “On a y/y basis, prices were 9.5% lower. Prices are expected to remain stable at or around this lower level through 2024, transitioning to y/y growth in early 2025,” said Steve Tam Vice President at ACT Research. “Same dealer Class 8 retail truck sales faltered in August, returning to a pattern of slowing. The 7.7% decrease was counter to the ten-percentage point seasonal improvement indicated by history. August is typically the second-best sales month of the year, running almost nine percent above average. Both the auction and wholesale segments saw volumes increase compared to July, up 21% and 4.4%, respectively

Canadian Black Book analysis shows a slight easing in wholesale vehicle price declines in Canada, with cars dropping by 0.55% and trucks/SUVs by 0.24%. Only two out of 22 segments saw price increases, with minivans rising by 0.50%. The full-size pickup segment experienced the biggest drop at 1.03%. In the U.S., depreciation also eased, with cars dropping by 0.25% and trucks/SUVs by 0.16%. Learn more here: https://rb.gy/0ngtjv #VehiclePrices #Canada #CanadianBlackBook #CarDepreciation #TruckDepreciation 

Retail sales at the lower end of the UK’s ultra-high performance tyre segment have seen a trend away from premium tyres, with the third-tier Budget segment continuing to increase its share, according to the latest panelmarket data from market analyst GfK. In <a href="https://lnkd.in/dCAVtHE2">last year’s edition of our feature on the UHP Tyre segment</a>, Tyres &amp; Accessories noted that there are three long-term factors at play in causing the sector dynamics we are currently witnessing: OEMs’ continued move towards the specification of 17” and 18” tyres on mass market, sub-premium car models; macroeconomic conditions in the UK, which have led to increasingly expensive retail goods at the same time as soaring borrowing costs and extremely soft growth in both the economy and wages; and the expansion in availability of low-cost tyres from sub-Premium, sub-Mid Range tyre manufacturers. https://lnkd.in/eBPaADfm

MARKET UPDATES - RECENT MARKET TRENDS 🚨 📈 The Canadian used wholesale market saw a decline in prices for the week at -0.52%. The Car segment fell by -0.70% and the Truck/SUVs segment prices declined -0.34%. O out of 22 segments' values have increased for the week. The segments with the largest declines were Sub-Compact Cars at -1.27% followed by Sporty Cars at -1.24%. 🖥️: Rev Motors online vehicle appraisal tool; https://bit.ly/3JBHPOq

Retail sales at the lower end of the UK’s ultra-high performance tyre segment have seen a trend away from premium tyres, with the third-tier Budget segment continuing to increase its share, according to the latest panelmarket data from market analyst GfK. In <a href="https://lnkd.in/d9DRyqw3">last year’s edition of our feature on the UHP Tyre segment</a>, Tyres &amp; Accessories noted that there are three long-term factors at play in causing the sector dynamics we are currently witnessing: OEMs’ continued move towards the specification of 17” and 18” tyres on mass market, sub-premium car models; macroeconomic conditions in the UK, which have led to increasingly expensive retail goods at the same time as soaring borrowing costs and extremely soft growth in both the economy and wages; and the expansion in availability of low-cost tyres from sub-Premium, sub-Mid Range tyre manufacturers. https://lnkd.in/ehU-HTjS

In this issue: The connected tyre business The Internet is now a ubiquitous part of every level of the tyre business from connected factories, to digital wholesale systems and, of course, online tyre retail. There are a number of facets to each dimension of the online tyre business, so the August edition of Tyres & Accessories takes a close look at the subject focusing on those areas that have the most impact on the others. Leading UK tyre websites (28) Cazoo collapse (32) All-season & winter tyres In the UK, the all-season tyre market has been experiencing growth in both […] https://lnkd.in/ed5NRiaZ

In this issue: The connected tyre business The Internet is now a ubiquitous part of every level of the tyre business from connected factories, to digital wholesale systems and, of course, online tyre retail. There are a number of facets to each dimension of the online tyre business, so the August edition of Tyres & Accessories takes a close look at the subject focusing on those areas that have the most impact on the others. Leading UK tyre websites (28) Cazoo collapse (32) All-season & winter tyres In the UK, the all-season tyre market has been experiencing growth in both […] https://lnkd.in/edmC-7GR