17 April, 2018 Resources
Contrasting trends in the global automotive marketDownload the Document
Summarising the current automotive market is difficult because trends vary so widely between different territories. Sales are booming in Europe generally, but slowing in the UK, USA and China. The picture is further complicated by changing technologies and increasing pressures to meet environmental standards. There are also nation-specific factors, such as the uncertainties surrounding Brexit in the UK and taxation changes in China aimed at reducing pollution.
Strengths and weaknesses
The automotive sector’s main strength is its focus on R&D and innovation, which is enabling it to cope with the demand for ‘cleaner’ engines and alternatives technologies such as hybrid and electric cars. Sales in China are expected to fluctuate, but Coface economists forecast a 4-5% increase in 2018, driven by the changeover to electric and hybrid vehicles. This is being encouraged by the government through taxation changes. However, the market in the USA is unlikely to recover, with borrowing costs high. Even in Europe, demand is forecast to peak in 2018, then slow down gradually.
In this context, integrating renewables into the grid is no longer optional for governments worldwide, in both advanced and emerging economies – even if they face strong headwinds in some regions.
09 September, 2020
This study is the very first Coface survey on corporate payment experience in the Netherlands. Originally, this survey had been conducted between February and early-March 2020 (the first quarter of 2020, Q1 2020), with 301
02 September, 2020
SEE OUR NEWS HUB FOR MORE INFO