What Does the Future Hold for the Automotive Industry?

UK sales of recent light commercial vehicles (LCVs) final month fell greater than the 44.5{0995643d07225b844baadbc1e6b0d2b8ea73bc2bd98af3cca8b20a61a6b88544} plunge seen for new vehicles – 54.three{0995643d07225b844baadbc1e6b0d2b8ea73bc2bd98af3cca8b20a61a6b88544} 12 months on year in March amid nationwide lockdown measures in response to the coronavirus disaster. New Zealand’s Motor Industry Association mentioned March 2020 registrations have been down 37.three{0995643d07225b844baadbc1e6b0d2b8ea73bc2bd98af3cca8b20a61a6b88544} yr on year with 8,317 new automobiles registered in comparison with March 2019’s thirteen,271 gross sales. The coronavirus crisis might turn into a optimistic for theaftermarket sector in the lengthy-run. The Covid-19 pandemic impression is forecast to lower alternative/scrappage of current vehicles in use – making the parc last longer – and bringing alternative for restore and maintenance parts and elements, according to research undertaken by GlobalData. Renault is to concentrate on LCV and electric vehicles in China in a preliminary settlement with Dongfeng Motor via which the manufacturer will …