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Toyota Tsusho (Toyota, Lexus dealer in Prague, Czechia) opened almost 400 sqm Toyota Professional showroom specialized in commercial vehicles (LCVs) in Průhonice-Čestlice with service workshop equipped with six jacks and central oil filler, roll over wash unit, key box, carport for displaying ten vehicles, parking lot with charging stations for electric vehicles
July 15, 2024 | 12:53pm CETflashread more
National Development Bank (NRB) accepted 2,778 applications for 2,983 cars, 1181 chargers in Czechia during more than three and half months (16 weeks, March 18 – July 9) since launch of Electromobility Guarantee program (guarantee for loan and subsidy for battery or fuel cell electric vehicle and charging stations for companies and entrepreneurs). Bank concluded 2,208 guarantee contracts, approved another 147 applications, now assessing 405 applications
July 15, 2024 | 12:48pm CETflashread more
Sales (deliveries to customers) of Volkswagen Group down by 3.8% in Q2, by 0.6% to 4.35 million in H1 (VW -5.2%, -0.2%; Škoda +2.5%, +3.8%; SEAT+Cupra +16.6%, +13.8%; VW Commercial Vehicles +15%, +11.5%; Audi -11.3%, -8.2%; Bentley -17%, -22.8%; Lamborghini +7.7%, +4.1%; Porsche -9.6%, -6.8%; MAN -12.1%, -12.2%; VW Truck & Bus +50.3%, +16.7%; Scania +9.2%, +12.9%; Navistar -31%, -22.9%). For full year 2024, we continue to expect slight increase in global deliveries, Wortmann said
July 15, 2024 | 12:42pm CETflashread more
CDK Global (provider of software tools, solutions/SaaS for manufacturers/OEMs, dealers of cars, vans, heavy trucks, recreational vehicles, heavy equipment such as DMS/Dealer Management System, CRM with 6,500 employees in 25 countries; more than 15,000 customers-dealerships in North America, mainly in USA and Canada) affected by two cyber attacks on June 18-19, when group claiming to be hackers based in Eastern Europe (identified as BlackSuit – cybercriminal team that spun off of older Russian-linked hacking group called RoyalLocker) deployed ransomware and demanded millions of dollars (USD 10-50 million) as ransom. Outage hit dealers such as AutoNation, Sonic Automotive, Lithia Motors, Asbury Automotive, Group 1 Automotive and Penske Automotive Group, CDK restored most systems by July 4
July 11, 2024 | 11:49am CETflashread more
AAA Auto Barometer: Aures Holdings modified secondary market monitoring methodology, adding data from vehicle registry to data of advertising aggregators. 120,250 used cars (1,407 BEVs) advertised in Czechia in June with mean value (median) of price of CZK 189,000 (EUR 7,510; -CZK 26,000/12.1% during H1)
July 9, 2024 | 12:35pm CETflashread more
One of three trade unions (Independent Labour Union for Maintenance and Other Employees/OÚP) at Toyota plant in Kolín, Czechia (Toyota Motor Manufacturing Czech Republic, 3,500 employees) terminated collective agreement on July 1 (with six-month notice period that not to expire until end of contract validity on December 31) due to overwork and pressure
July 8, 2024 | 02:45pm CETflashread more
AutoWallis Group (SsangYong distributor in Czechia, dealer of BMW cars and motorcycles and Mini vehicles in Hungary and Slovenia) completed acquisition of 80% in NC Auto (BMW dealerships, BMW Motorrad and Mini service centers in Hradec Králové, Prague and Pardubice, Czechia detached in 2023 from Stratos Auto – Iveco and Kia dealer in Hradec Králové), founder Martin Strakoš retained 20% share. Václav Prokop appointed as new Managing Director
July 3, 2024 | 01:48pm CETflashread more
J.D. Power, GlobalData cut 2024 global new light-vehicle sales outlook by 200,000 cars, vans from 89.1 million (+3%) to 88.9 million (+2.5%). China’s trade-in subsidy does not appear to be providing boost to demand as government expected. However, European Central Bank did cut rates in June, and more are expected, which could provide some upside if sales are reignited. Overall, risks remain balanced, and global auto market is stable, Schuster (GlobalData) said
July 3, 2024 | 01:42pm CETflashread more
JATO Dynamics: Tesla Model Y (1,223,000 registered cars, +64%) was world’s best-selling light vehicle in 2023, followed by Toyota RAV4/Wildlander (1,075,000, +5%), Honda CR-V/Breeze (846,000, +18%), Toyota Corolla/Levin sedan (803,000, -19%), Toyota Corolla Cross/Frontlander (715,000, +35%), Toyota Camry (650,000, -2%), Ford F-150 (623,000, +18%), Toyota Hilux (605,000, -4%), Nissan Sentra/Sylphy (534,000, -1%) and Tesla Model 3 (508,000, +5%)
July 2, 2024 | 05:52pm CETflashread more
Sales of new light vehicles in USA apparently fell in June, but rose in H1 (J.D. Power/GlobalData: -4.9%, +2.1% to 7.83 million; Cox Automotive: +0.4%, +2.9% to 7.93 million, +1% to 4.16 million in Q2; S&P Global Mobility: +2.5%, n/a; Edmunds: n/a, n/a, +0.1% to 4.11 million in Q2)
July 2, 2024 | 05:41pm CETflashread more
JATO Dynamics: Global (151 countries) new passenger car (sedan, wagon, hatchback, SUV, MPV, sport car, pickup truck) sales up by 10% to 78.32 million in 2023. Largest market share in light vehicles (+commercial vans, light commercial vehicles) gained by Japanese brands (29.1%, 23.59 million cars), followed by European (24.9%), Chinese (17.9%, 13.43 million), American (15.2%, 11.93 million), Korean (8.5%), Indian (1.8%) and others (2.6%)
July 1, 2024 | 02:53pm CETflashread more
JATO Dynamics: Electric / electrified vehicle sales in Europe (28 countries) down by 9.7% to 226,665 units (151,237 BEVs, -11%; 75,428 PHEVs, -7%) in May, representing 20.8% share in total registrations (penetration, -1.6pp). Tesla Model Y (11,662 cars, -46%) was best-selling battery electric vehicle (BEV), followed by Tesla Model 3 (7,754, +25%), Volvo EX30 (7,554, new), Volkswagen ID.4 (6,186, -28%) and VW ID.3 (5,669, +2%). Volvo XC60 (5,457, +42%) was best-selling plug-in hybrid (PHEV), followed by BMW X1 (3,079, +29%), Cupra Formentor (3,020, +88%), Ford Kuga (2,676, -43%) and Hyundai Tucson (2,514, +5%)
June 28, 2024 | 05:59pm CETflashread more
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