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Posts Tagged ‘IHS Automotive’

Consumers Demanding New Safety and Autonomous Driving Features

Google takes the lead in autonomous driving.

by on Nov.12, 2015

A new Google car negotiates traffic.

While traditional attributes, like good fuel economy, remain important to American auto shoppers, the focus is shifting. Buyers are putting more and more emphasis on high-tech safety features and looking forward to a wave of new autonomous technologies coming to market in the near future, according to a new study.

Nissan, Mercedes-Benz, BMW and General Motors all have announced plans to begin rolling out semi-autonomous features, starting in 2016, and Tesla just began remotely updating its Model S sedans to use its AutoPilot system, which permits hands-free driving on well-marked, limited-access highways. But a second study says it’s a new entrant to the automotive world, tech giant Google, that has taken the lead in self-driving technology.

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“No other company has as much relevant technology to advance autonomous driving software,” says Egil Juliussen, PhD., senior research director at IHS Automotive and author of one of the new reports. “Google is in a unique position to provide the software and map infrastructure to allow mobility services to anyone — via fleets of driverless cars — within a decade or less.”

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US Automotive Sales Boom to End in 2017

Tightening credit, more Millennials likely to shrink purchases.

by on Oct.14, 2015

Automakers have at least one more year of robust auto sales, including the likelihood of a new record, before sales begin to slide, according to IHS.

What happens after next year? “Pull back.”

At least that’s the word from IHS Automotive, which believes that U.S. auto sales will continue to strengthen through 2017 until a convergence of events begins to stifle new car and truck sales.

Welcome to the Future!

“We do see headwinds starting to form,” said Charles Chesbrough, IHS senior economist, during the company’s global outlook. (more…)

Auto Brand Loyalty Hits Highest Level in a Decade

More choices, great lease rates help push numbers upward.

by on Jun.29, 2015

New car buyers are remaining loyal to the brands they're getting out of, according to a new study.

New vehicle buyers are visiting dealership in droves these days, and more often than not, they’re sticking with the brand that brought them there, according to a new study.

IHS Automotive reports that brand loyalty among new car buyers is up to 52.8% in the first quarter of this year with several makes enjoying new high-water marks for loyalty, including Chevrolet, GMC, Infiniti, Jeep, Land Rover, Lexus, Lincoln, Mazda, Mitsubishi, Nissan, Porsche, Subaru and Volvo.

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New vehicle sales in the U.S. through May are tracking for sales in excess of 17 million units in 2015 and June sales are only expected to continue the trend, according to Alec Gutierrez, senior analyst, Kelley Blue Book. (more…)

Growing Economy Means Buyers Getting Pricier Rides

New car buyers are purchasing more expensive vehicles.

by on Jun.18, 2015

New vehicle sales are going well and buyers are purchasing more expensive cars in 2015.

New car sales continue to benefit from positive economic trends, says a new report from Edmunds.com. While sales are not growing as rapidly as they did in 2013 and 2014, sales remain very healthy.

The U.S. light vehicle market in May had one of its best-selling months since the Great Recession. May is generally a strong month, with consumers flush with cash from tax returns, and upcoming summer vacation trips spurring strong demand, and this May was no exception, said Charles Chesbrough, the chief economist for IHS Automotive. The IHS Automotive sales forecast remains unchanged at 16.9 million units, while others are predicting sales in excess of 17 million units.

Sales News!

Sales are not only on the rise compared with last year, but also buyers are looking for pricier vehicles. Car shoppers’ revived interest in more expensive vehicles, which is led in some measure by the ongoing interest trucks and SUVs, is unlikely to end any time soon, according to the firm’s latest U.S. market analysis. Positive economic trends such as lower unemployment, higher confidence in the economy, and lower gas prices are encouraging shoppers to seek out bigger and more expensive vehicles, the analysis found. (more…)

Global Auto Sales Expected to Near 90 Mil in 2015

“Slower, not lower,” IHS Automotive forecasts.

by on Feb.03, 2015

Ford has become one of the fastest-growing brands in China. But the market overall is slowing.

With the U.S. market continuing its rebound and Europe finally showing signs of recovery after a long economic slump, global auto sales are expected to reach a new record of nearly 89 million vehicles this year.

But with the Russian market slumping and China showing signs of a slowdown, IHS Automotive cautions, the pace of growth will be a “slower, not lower” 2.4% in 2015. All told, only two of the critical BRIC markets are expected to report sales gains.

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Already the world’s largest automotive market, China will continue to lead the way in 2015, IHS anticipates. But don’t expect the high double-digit growth that market had been experiencing earlier in the new millennium. The forecast is for something closer to 7%, which would still drive the Chinese market to sales of 25.2 million vehicles.

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New Car Sales Expected to Rise Again in Europe This Year

Analysts warn auto sales are still “fragile” on the continent.

by on Jan.19, 2015

European auto sales are expected to rise again in 2015 with products like Opel's new Corsa available, but the market is still shaky.

Car sales in Europe are expected to grow in 2015 marking the second year in row the struggling market could post gains. However, one analyst is exercising caution regarding the increase claiming the market is still fragile.

IHS Automotive predicts sales could grow by 2.5% in 2015 after rising by 5.7% in 2014. Last year’s increase was the first in six years since the Great Recession sent the European car industry into a tailspin.

Power!

Registrations during the year rose to 12.55 million units. The sales trend in Europe has been steady monthly increases with December marking the 16th straight month of gains. Registrations grew 4.7% year-over-year to 951,329 units in December. (more…)

Luxury, Premium Car Sales Predicted to Slow in China

IHS Automotive claims segments will slow to single-digit growth.

by on Nov.17, 2014

The growth of sales of luxury vehicles in China, like the Rolls-Royce Ghost, is expected to drop to single digits by 2020.

China remains a tantalizing and promising market for western carmakers, particularly for German makers of premium brands such as Audi, Mercedes and BMW. All of them have major stakes there and expect to see double-digit growth rates again in 2015, according to IHS Automotive.

But advisory group’s forecast also contains a cautionary note as it expects the growth rates will “take a significant hit” in the years to come.

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“In 2014, we forecast the premium segment to achieve combined sales of 1.8 million units, up 21% year over year, while in 2015 we forecast this segment to hit 2.07 million units, up 14.61% year over year,” IHS said in its updated forecast. (more…)

Automakers Still Focus on Cost Over Quality, Suppliers Claim

Quality dropping to gain savings despite assertions about quality and safety.

by on Oct.29, 2014

GM's CEO Mary Barra says quality is the company's top consideration, but suppliers are saying GM and other automakers are focused more on cost.

During a widely attended speech this week, General Motors CEO Mary Barra said the automaker is intent on “raising the bar” on safety and quality – but is that aggressive push by GM and its competitors really having the desired affect on their corporate cultures? Automotive suppliers are saying it isn’t.

A recent survey of suppliers says that cost is beginning to be the biggest driver in its dealing with makers – at the expense of quality and potentially safety.

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IHS Automotive’s SuRe Index suggests that the relationships between automakers and their suppliers are worsening, in some measure because they don’t see eye-to-eye on how to improve the quality of cars and trucks, which has been a recurrent theme in the history of the parties. (more…)

Global Auto Industry Expansion Expected to Continue

Makers, suppliers exploit growth using flexible platforms.

by on Aug.13, 2014

IHS Automotive predicts automakers and suppliers around the world will continue seeing growth for several years.

The expansion of the global automotive industry is expected to continue in the near term and automakers and their suppliers should be able exploit that growth using flexible vehicle platforms, according to a new study by IHS Automotive.

At the same time, manufacturers and their suppliers also are working to implement more complex vehicle and process technology for advanced safety, lighter weight materials, emissions reduction and fuel economy targets in tandem with a global convergence of emissions standards that will raise the efficiency of global platforms.

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The strong recovery of the industry brings a new energy to the global market, said Michael Robinet, managing director, IHS Automotive. (more…)

Average Age of US Vehicles Remains at All-Time High

Robust car sales offset by drop in scrappage rates.

by on Jun.10, 2014

Americans are still keeping their cars and trucks for more than 11 years, according to a recent survey.

While automakers are enjoying robust sales of new cars and trucks in 2014, it would seem plenty of Americans continue to enjoy the same vehicle they’ve owned for more than a decade, according to a new survey.

The average age of cars and trucks in the U.S. remains at an all-time high of 11.4 years as of Jan. 1, according to IHS Automotive and its Polk subsidiary.

Beyond the Headlines!

“In our history of tracking, we have seen a gradual increase in the average age of vehicles on the road,” said Mark Seng, director of aftermarket solutions at IHS Automotive, in a statement. “This year, we’re seeing somewhat of a plateau in the market, and expect it to remain over the next few years.” (more…)