Trends transporting the Automotive Industry report

Trends transporting the Automotive Industry report

This cookie is set when the customer first lands on a page with the Hotjar script. It is used to persist the random user ID, unique to that site on the browser. WLTP is the new official EU test used to calculate standardised fuel consumption and CO2 figures for passenger cars. This is designed to provide figures closer to real-world driving behaviour.

Trends transporting the Automotive Industry report

Thousands of decisions are taken each day based on our data and intelligence. Therefore, to recap, we may be on the cusp of semiconductor supply turning and things improving gradually. While the worst may be behind us, it is unlikely that things will return completely to normal during the remainder of this year.

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  • These consumers prefer plug-in hybrids in order to stay flexible and also because there are more models to choose from.
  • The year-on-year decline in sales reported in March is cause for concern, given that it is calculated against a comparable period in 2021 when sales were negatively impacted by the effect of showroom closures as a result of COVID-19 restrictions.
  • More than 30 manufacturers build in excess of 70 models of vehicle in the UK supported by 2,500 component providers and some of the world’s most skilled engineers.
  • The strategy combined with major private sector investments begins to remove some of the constraints to continued growth.

He has enabled businesses to improve their conversion rates through his consultative approach and deep understanding across various sectors, including automotive and care homes. Sustaining this rate of growth of EV sales ahead of the 2030 ban on polluting vehicles will be a challenge. However, the government’s Electric Vehicle Infrastructure Strategy announced in March adds important momentum towards achieving an all-electric future. The strategy, which includes a commitment to reaching 300,000 public charge points by 2030, will help alleviate anxiety among the one in three UK households who do not have off-street parking, making access to EVs more equitable in the future.

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This is the phenomenon whereby buyers put off buying a product because they are waiting for a better version to arrive on the market. Thousands of people are now waiting for the right EV to arrive for their needs and they are not going to waste their money on another obsolete ICE car. “We expect the semiconductor supply situation to gradually ease in the second half of the year. I am looking ahead with confidence,” he added, stating the brand’s upcoming products and high customer demand have improved its outlook for the future. “Volkswagen achieved satisfactory sales under extremely challenging conditions. The massive effects on production brought on by the semiconductor situation could not be entirely compensated for over the course of the year, however,” said Klaus Zellmer, sales and marketing board member at Volkswagen.