SAIC Motor Europe’s Post

New vehicle sales increased 10.2% in Mexico during January to October 2024, totaling 1.20 million new units sold. This sales' volume is the highest in the past seven years. Read the full article at: https://lnkd.in/gHfrryYB #DSS #DeaceroSummit #Steel #Sales #NewVehicle #Mexico

The automotive industry’s transition from Internal Combustion Engines (ICE) to Electric Vehicles and alternative fuels will continue to reshape the market landscape in the coming years. From a sales perspective, our most recent analysis of market data for FY2023 has shown continued year-on-year growth in ICE and Hybrid Electric Vehicles (HEV) sales, as consumers hold out for greater maturity in the electric-only market, including much needed infrastructure investment in Europe and the Americas. Meanwhile, ICE-related deals in the Automotive industry also increased in 2023 against the backdrop of an overall volume drop in dealmaking during this 12-month period. Interestingly, the number of deals struck by strategic buyers – automotive suppliers, OEMs, and other corporates – doubled. Could this indicate that we have moved past the early adoption phase of ICE consolidation, as a growing number of suppliers seek to tap into the opportunities presented?

VSE Corp. (Nasdaq: VSEC), a provider of aftermarket distribution and repair services, has acquired Kellstrom Aerospace, a distributor and service provider supporting the commercial aerospace engine aftermarket, from AE Industrial Partners for $200 million. Kellstrom is an aftermarket services provider of distribution and technical services for the commercial aerospace engine aftermarket. #Aftermarket #AircraftEngines #CommercialAerospace #DistributionServices

The automotive industry’s transition from Internal Combustion Engines (ICE) to Electric Vehicles and alternative fuels will continue to reshape the market landscape in the coming years. From a sales perspective, our most recent analysis of market data for FY2023 has shown continued year-on-year growth in ICE and Hybrid Electric Vehicles (HEV) sales, as consumers hold out for greater maturity in the electric-only market, including much needed infrastructure investment in Europe and the Americas. Meanwhile, ICE-related deals in the Automotive industry also increased in 2023 against the backdrop of an overall volume drop in dealmaking during this 12-month period. Interestingly, the number of deals struck by strategic buyers – automotive suppliers, OEMs, and other corporates – doubled. Could this indicate that we have moved past the early adoption phase of ICE consolidation, as a growing number of suppliers seek to tap into the opportunities presented?

The automotive industry’s transition from Internal Combustion Engines (ICE) to Electric Vehicles and alternative fuels will continue to reshape the market landscape in the coming years. From a sales perspective, our most recent analysis of market data for FY2023 has shown continued year-on-year growth in ICE and Hybrid Electric Vehicles (HEV) sales, as consumers hold out for greater maturity in the electric-only market, including much needed infrastructure investment in Europe and the Americas. Meanwhile, ICE-related deals in the Automotive industry also increased in 2023 against the backdrop of an overall volume drop in dealmaking during this 12-month period. Interestingly, the number of deals struck by strategic buyers – automotive suppliers, OEMs, and other corporates – doubled. Could this indicate that we have moved past the early adoption phase of ICE consolidation, as a growing number of suppliers seek to tap into the opportunities presented?

Global Industry L2 Assessment - Automotive 

The Korea Science and Technology Research Center has reported that, from January to March 2024, global sales of electric vehicles (EVs) were approximately 3,139,000 units, an increase of 20.4% compared to the same period of the previous year. On the other hand, looking at the sales of EVs materialized between 2017 and 2023, which present a geometric type of growth, it is possible to estimate that in 2024 these will reach about 17.5 million units, that is, 11 times more than what was achieved only 6 years ago.

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The automotive industry is showing signs of recovery despite a tough start to 2024, with low January sales and high interest rates. Sales have increased by 5.6% in the first quarter. While dealers grapple with high-interest rates and inventory challenges, manufacturers are adjusting by offering more incentives and focusing on strategic fleet sales. The Federal Reserve's possible rate cuts and industry production tweaks could help stabilize the market. More information is available in the latest Hilco Global Smarter Perspective: https://lnkd.in/eDdiRxh5 #Automotive #Vehicle #InterestRates #HilcoGlobal

Although 2024 began with sluggish January sales and steep interest rates, the automotive industry is demonstrating resilience, boasting a 5.6% sales increase in the first quarter. Dealers are contending with high-interest rates and inventory issues, yet manufacturers are responding with enhanced incentives and strategic fleet sales. Potential rate cuts by the Federal Reserve and production adjustments within the industry could further stabilize the market. For more details, refer to the latest Hilco Global Smarter Perspective: https://lnkd.in/eKie_NbG #Automotive #Vehicle #InterestRates #HilcoGlobal