Europe’s vehicle components industry says fleet purchases will dominate future sales. Boston Consulting Group and parts makers CLEPA looked at the anticipated after market business by the end of the decade. Results show that fleet vehicles are capturing a significant and rising share of the European aftermarket. Five countries alone (Germany, France, United Kingdom, Netherlands, and Poland) will … [Read more...]
Chips with everything – you’ll be lucky!
The chips shortage continues to pressure industry and presents a significant to existential challenge for automotive suppliers, highlighting the need for a dedicated semiconductor strategy and tangible action from policymakers. European automotive suppliers welcome the European Commission’s initiative for an EU Chips Act, due to be published 8 February, and present four concrete actions to make … [Read more...]
Auctions expected to rise in trade
Over half of respondents in a recent survey expect an increase in auction volumes, said Louise Wallis, Head of the National Association of Motor Auctions, commenting on the latest figures from NAMA’s market attitude survey. Auction volumes are expected to increase by 53% of respondents, with only 20% predicting a fall. Conversion rates are strongly favoured to increase, with 73% believing they … [Read more...]