Fifty-five percent of new vehicles sold in 2020 will be connected, according to IHS Automotive forecasts. And at that time, nearly half of the global fleet of vehicles in operation also will be connected.
German government ministers have met with OEM representatives to finalize the long-awaited plan to subsidize the sale of electric vehicles and plug-in hybrids in the country.
Passenger car registrations in the European Union continued to climb during March, albeit at a weaker rate than earlier this year. Nevertheless, demand has risen 6 percent year on year, to 1,700,674 units, according to the European Automobile Manufacturers' Association.
As 2015 came to a close, the results show that the European market has performed above expectations, according to Carlos Da Silva, manager for IHS Automotive's European light-vehicle sales forecast. The main reasons for this dynamism include economic improvement, better macro conditions, and a natural catch-up process after the longest sales downturn Europe has ever suffered. In addition, there has been a fair share of artificial support from government stimulus packages, OEM incentives and the use of tactical sales.
Last year was a good one in the mature car markets, though it was largely offset by a very poor showing for many of the world’s emerging markets. The net result is estimated to be a sub-par 1.5 percent growth in global auto sales – the slowest pace of growth since 2010 – once all numbers are reported and analyzed. However, sales forecasts from IHS Automotive -- part of IHS Inc. and a source of critical information and insight to the global automotive industry -- the outlook for 2016 is likely to be defined by smaller gains, but also less pain than 2015.
The Russian light-vehicle market has suffered its worst monthly decline of the year, which comes after a year of consistent accelerated falls in sales as a result of the collapse of the Russian economy, resulting from the weak ruble, sanctions from the EU and the U.S. and falling oil and gas prices. Sales in November fell by 42.7 percent year on year (y/y) to 131,572 units, which brought the year-to-date (YTD) sales momentum down further by 34.5 percent y/y to 1,454,253 units.
A draft agreement, reached between Iran and the P5+1 countries - China, France, Russia, the United Kingdom, and the United States, plus Germany - which would see the former reduce its nuclear activities in return for the gradual ending of economic sanctions, would have a positive impact on the future of the Iranian automotive industry.
Premium audio system sales in new vehicles are expected to grow from just over 8.6 million units globally in 2014 to more than 11.6 million units in 2021, with branded speaker system sales expected to grow from more than 8.7 million units to 11.1 million units in the same time frame, according to the IHS Automotive forecasts for these systems.
