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🇨🇳 #SAIC dominates Chinese-brand passenger car registrations across Western Europe, thanks to its #MG brand, according to the Chinese-OEM European Passenger Car Study published by #SchmidtAutomotiveResearch later this week. Combined MG and Maxus registrations accounted for 61.2% of all new Chinese-brand passenger car registrations arriving in Western Europe so far this year. Combined Chinese Geely brands (not including Volvo Cars) saw a dip due to one brand in particular. SAIC and Geely together accounted for eight in ten of the new Chinese-brand passenger cars arriving across Western Europe this year. However, Sino-OEMs only accounted for 3.1% of the total region's new car market during the opening half of 2024, up just 0.2ppts on the same period last year. The study takes an in-depth look at how Chinese OEMs are performing across the region, which markets are being targeted, and through which drivetrains. It also provides forward-looking guidance with a forecast to 2030. The full study will be published on Friday August 23rd and from that point onwards on a quarterly basis. As ever available via our online shop: https://lnkd.in/dGfUFFp

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TRADE FAIRS: VW Commercial Vehicles' New Models at IAA TRANSPORTATION 2024: A Full List #Volkswagen #VW #VWCommercialVehicles #VWTransporter #VWMultivan #VWCaddy #VWCrafter #VWCalifornia #IAATransportation2024

The car in front is a #Toyota #Volkswagen brand remains highly dependent on its domestic new passenger car market, according to the latest research by Schmidt Automotive Research. According to Schmidt Automotive Research data, nearly every second new passenger car model delivered by VW-brand across Western Europe so far this year was registered in its home German market (43.5%). Meanwhile, West Europe's second largest passenger car brand after 9-months 2024, #Toyota, witnessed its new volumes outpace Volkswagen's in 13 out of 18 regional markets, resulting in a more even distribution across the five major regional markets, Germany, Italy, the UK, France and Spain. Meanwhile, Toyota was the region's leading brand outright in four out of the 18 regional markets after 9-months this year.

Imitation is the sincerest form of flattery. Watch as everything old is new again - https://lnkd.in/e8BCCj2m

WSJ [excerpt]: #Germany’s #luxury #automakers from #BMW to Mercedes-Benz used to rule #China’s streets. No longer. A recent dispute between #Porsche and its dealers in China has shed some light on the tricky situation for even some of the world’s premium car #brands. According to local Chinese media, some of Porsche’s dealers refused to stock up more inventories and asked for additional subsidies from the company. Porsche, and its dealers in China, released a statement last week saying that they are facing complex issues and will work together to find effective ways to respond to market changes. Indeed, Chinese car dealers are in pretty bad shape. Faced with a brutal price war, they have no choice but to offer deep discounts to customers. For example, gross profit margins on sales of new cars for Meidong, a dealer for brands such as Porsche and BMW, fell to negative 0.6% in 2023, compared with a positive 6.8% in 2021. The Hong Kong-listed company has lost 94% of its value from its peak in 2021. Eventually this will mean the #automakers will have to offer more rebates and cut into their own margins. Porsche’s first-quarter deliveries in China fell 24% from a year earlier. It isn’t alone. #Ferrari’s shipments to mainland China dropped 25% year over year in the quarter, too. Mercedes-Benz and BMW also sold fewer cars in China in the first quarter compared with last year. The implosion of China’s housing market and the resulting economic slowdown has probably taken a toll on luxury #spending. Brands such as LVMH and Gucci have also seen a slowdown in China lately. But China’s car-buying habits have also undergone a seismic shift with the rapid rise of #electricvehicles. Around 44% of cars sold in China in April were new-energy vehicles, which include plug-in hybrids, according to the China Passenger Car Association. German brands have long reigned supreme in China’s luxury segment. While they are still dominant there—the #EV penetration rate for cars priced higher than 350,000 yuan, the equivalent of $48,300, was less than half the rate of the overall market at the end of last year, according to Bernstein—things could change fast. In fact, for slightly cheaper cars, Chinese EV brands have been fast gaining share. Bernstein estimated that for cars priced above 250,000 yuan, the equivalent of $34,500, German brands had only a 45% market share in 2023, compared with a 60% share in 2020. #Tesla has been taking share from them, but Chinese EV brands like Li Auto and #BYD’s Denza have also been rolling out more premium models. German brands, by contrast, have been slower to introduce EV models. Increasingly, Chinese consumers are also looking for technology features such as infotainment or drive-assistance systems that are frequently paired with EVs. China has long been a lucrative market for German luxury carmakers, whose prestige kept them in the fast lane. But now they need to work harder to avoid falling behind local rivals. #news #business

One of the World’s Largest Automotive Suppliers to Invest in Zalaegerszeg: … of the world’s largest automotive suppliers, is building a new … the performance of the Hungarian automotive industry, noting that more than … #car #cars #awesome

June marks another successful month in our 2024 journey! In June, we achieved the following: 🔹 We handled more than 3,070 vehicles. 🔹 We imported and sold more than 1,670 cars. 🔹 We sold more than 1,340 cars through our AutoPalace retail outlets. As we reach the midpoint of the year, we reflect on the past six months and highlight several of our accomplishment: 🔹 We introduced our new corporate identity, LinkedIn profile, and brand-new webpage www.autobinck.eu 🔹 Hyundai Slovenija renovated its distribution offices in Slovenia. 🔹 Hyundai Hungary's EV sales were reaching record heights every month. 🔹 We added Maxus to our distribution brands portfolio. 🔹 Our MG businesses opened several new sales and service points in both countries: 10 in the Czech Republic and 4 in Slovakia. 🔹 MG Motor Czech sales in H1 increased by 98.7% compared to the same period last year, reaching market share of 2% and the 10th position in June. 🔹 MG Motor Slovakia sales in H1 increased by 148.2% compared to the same period last year, reaching the 19th position (up from 25th last year). 🔹 Mitsubishi Motors Czech sales in the first half of the year increased by 162.9% compared to the same period last year, with 460 units delivered 🔹 Mitsubishi Motors Slovakia sales in the first half of the year increased by 46.2% compared to the same period last year, with 114 units delivered. 🔹 Auto Palace Bratislava maintaines the position as the best YTD performing BMW and MINI dealer in Slovakia. 🔹 AutoPalace CZ continues to be the second-best YTD performing Volvo dealer in the Czech Republic. 🔹 AutoPalace Brno created 120 new lots for used cars. #ACD #AutoBinck #TheCarDistributionCompany #experience #innovation #acceleration

🚗 A Historic Comeback for EBRO and a Major Boost for Spain's Automotive Industry! 🇪🇸 Last week marked a monumental moment as EBRO officially inaugurated its new factory in #ZonaFranca, #Barcelona, breathing new life into this iconic Spanish automotive brand. 🔋 This isn’t just a factory; it’s a vision for the future of mobility: ✅ Situated at the heart of one of Spain's most strategic industrial hubs, this facility is set to revolutionize electric vehicle production in Europe. ✅ The first vehicle off the line, the Ebro S700 SUV, is a testament to blending innovation with the brand's rich legacy. ✅ The plant aims to produce up to 150,000 vehicles annually by 2029, creating over 1,250 jobs and revitalizing the local economy, with many of the workforce being former Nissan Motor Corporation employees. Where I personally worked once for a summer job. 💬 What role do you think heritage brands like EBRO can play in helping the adoption of EV's in Spain? Let’s hear your thoughts in the comments! 🚀 #Ebro #ElectricVehicles #Sustainability #AutomotiveInnovation #ZonaFranca #Spain #GreenMobility #FutureOfMobility

Germany ■ The number of new car registrations is decreasing! By kfz-betrieb Magazin The number of new car registrations for individual brands decreased in September, with a few exceptions. Notably, Skoda experienced a significant increase, with new Czech registrations rising by 34.8% to 17,212 units. For a detailed analysis of new registrations in September, please refer to the graphic below. Additionally, the brands with the most noteworthy developments throughout the year are also depicted in the graphic. https://lnkd.in/ejAZG8BP #automotive #automobilbranche #automobilhandel #automobilindustrie #kfz #automotivefuture #retail #aftersales #service