CENS-Taiwan Sourcing Service Provider’s Post

🚍Companies reacting swiftly to increasing automotive aftermarket changes can embrace immense opportunities 🚍One of the most influential B2B exhibiting & sourcing platform in automotive, motorcycle and EV industry - - 2024 TAIPEI AMPA show, is now open for Attendee Registration : 👉  https://lnkd.in/esk77mvW   🚍The automotive market that was supposed to usher in leaping growth in the post-pandemic era came short of expectation as supply chain disruptions due to the Russia-Ukraine war resulted in new car delivery delays in 2023. In the long term, with twin transformation (digital and sustainability) becoming an irreversible trend, consumers will be increasingly buying new cars, therefore driving growth of the automotive aftermarket that affects vehicle performance, safety and lifespan.   🚍According to Japanese market research firm Global Information, Inc., the global automotive aftermarket grew from US$352.39 billion in 2022 to US$411.81 billion in 2023. The growth is expected to continue over the coming years, increasing to US$727.99 billion in 2027 at a CAGR of 15.3%. The following sections discuss future market development from three perspectives – the global supply chain, industry fundamentals and consumer demand.     📌 Date: April 17- 20, 2024 📌 Venue: Taipei Nangang Exhibition Center, Hall 1, Taipei, Taiwan. #autoparts #tradeshow #car #motorcycle #aftermarket #accessories #sourcing #electriccars #automotiveindustry #taiwan #ev

🚗🌟 Exciting News Alert! 🌟🚗 2023 has been a game-changer for the automobile industry in Turkey! 🇹🇷✨ We're thrilled to share the latest insights on the top car suppliers and exporters from this dynamic market. 📈💼 Here's what you need to know: 🌐 Leading players in car manufacturing and distribution. 🛠️ Quality standards and innovative practices driving the industry. 💡 Future prospects and trends shaping the Turkish automotive landscape. Join the conversation and let's explore together! Share your thoughts in the comments below. 💬👇 Visit:- https://lnkd.in/gByyC_aC #AutomotiveIndustry #Turkey #CarExporters #SupplyChain #Innovation #GlobalMarket #BusinessGrowth #TradeRelations #EconomicTrends #IndustryInsights #Tradeimex #carssuppliers #cartrade

🔥 Are we seeing a turning point in the automotive industry?    “Auto China 2024” has sent a clear signal: Chinese car brands are ready to enter the stage and establish themselves as serious competitors. Although their market share in Germany is still small, trends indicate that a change is imminent.   What does this mean for the German automotive #retail? I talked about this in an #interview with Henrik Mortsiefer for Tagesspiegel Background Verkehr & Smart Mobility. My most important points are:    👉 The shift from the classic dealer model to the #agency model offers Chinese manufacturers new opportunities to enter the German market. 👉 Chinese OEMs are focusing on partnerships with #premium brands, relying on their know-how and contacts. 👉 German dealers and OEMs have invested a lot of time and money in their sales and workshop networks as well as in their personnel - Chinese manufacturers now want to benefit from this. 👉 Even though there is no unique approach as to which distribution model Chinese OEMs will rely on, we see the key players tending towards the wholesale model.   The advance of Chinese car brands is unstoppable - their strategies and innovations represent both a challenge and an opportunity for the German market. It is time for established players to strategically position themselves to not only survive this change, but to actively shape it. #Retail #Automotive #Sales #Strategy https://lnkd.in/d337S2AB Image created with Midjourney

The line-up of the world's best selling cars is very interesting when compared to the South African list, firstly, 4 of these vehicles are not available in SA, 2 models on here are grossly under performing in our market. Ultimately, only two vehicles on here features on the SA list of top selling vehicles. I wonder if the trends differ due to the SA economy being so far behind the majority of the world, or if our import taxes on vehicles are just making most cars unaffordable to the general consumer. Lastly, I find it hard to believe that this top 10 list is actually correct, not a single Chinese brand features on here, top selling vehicles in the largest vehicle market would definitely make it to the list.

Navigating Auto Aftermarket Challenges with Solutions The automotive aftermarket industry faces challenges, but the Auto Maintenance & Repair Expo (AMR) in China stands as a key player in providing innovative solutions. Here's a concise overview: Challenges in the Auto Aftermarket Industry: 1. Technological Advancements: Keeping up with sophisticated vehicle technologies poses challenges for repair businesses. 2. Environmental Regulations: Stringent standards demand industry adaptation towards eco-friendly practices. 3. Supply Chain Disruptions: Global dependencies can cause delays due to unforeseen events. 4. Quality Assurance: Ensuring authenticity and quality of aftermarket parts is crucial. AMR: Bridging the Gap: 1. Technological Advancements: AMR showcases cutting-edge tools and solutions, keeping businesses technologically advanced. 2. Regulatory Insights: The expo enlightens businesses on evolving environmental regulations, contributing to compliance. 3. Supply Chain Solutions: AMR brings suppliers, manufacturers, and distributors together, reducing the risk of disruptions. 4. Quality Assurance: The expo promotes authenticity, allowing businesses to interact with trusted suppliers and ensure product quality. Opportunities Abound: 1. Networking: AMR serves as a hub for industry professionals, fostering partnerships and collaborations. 2. Learning and Development: The expo hosts educational sessions, providing insights into emerging trends and technologies. 3. Market Expansion: For international businesses, AMR is an excellent platform to establish a presence in Chinese and Asian markets. The automotive aftermarket industry has challenges, but AMR offers solutions and opportunities. By embracing technology, staying informed, and forming new partnerships, industry players can navigate the complex landscape successfully. Don't miss AMR, the event shaping the future of the automotive aftermarket. Learn more about the show https://lnkd.in/gBjgQZaR Pre-register now to the show: 🗓️ Date: 20 — 23 March 2024 📍 Location: National Convention and Exhibition Center (Tianjin), China 📝 Pre-register: https://lnkd.in/geuhx2R7 #AMR #automotive #aftermarket #autorepair #automaintenance #businessexchange #informationsharing #sourcing #trading #networking  #tianjin #china #exhibition #tradefair

Greetings automotive enthusiasts! We are pleased to share a flash report offering insights into the Pick-Up Market Movement in 2023. Here are the key highlights: 1. The Pick-Up market experienced a decline of -8.6% in September 2023, reflecting the current market dynamics. 2. Leading the market, the Daihatsu Gran Max PU demonstrated exceptional performance, securing the top position. Following closely is the Suzuki Carry, further highlighting the competitive landscape. For a comprehensive understanding of the Indonesian Automotive Market, spanning beyond the flash report, we invite you to engage with us. Feel free to comment below or send us a direct message for complete information. Your interest and inquiries contribute to our commitment to delivering accurate and valuable insights into the automotive industry. Stay connected for more updates! Please follow our social media: IG: @degreesynergy FB: Degree Synergy International #Automotive #Growth #Wholesales #Performance #MarketHighlight #MarketShare #AutomotiveIndustry #CommercialVehicle #Cars #PickUp #dsi #dealerships #degreesynergy

„Shift Happens“: Impressions from Today´s Auto China 2024 Press Day   I invite you to share one of my takeaways beyond the exciting products and introduction events at Auto China 2024 exhibition in Beijing. It’s all about the price. o I seized the opportunity to speak to salespeople from different brands. o Their voice from the floor was unison: It’s all about the price. o The mind of the potential customer is already framed, especially by social media. o They expect discounts and immediately ask the same questions: 打折吗 [any discount]?; 半价 [half price]?, 五十 [50% off]? o I am afraid that discount expectations are already entrenched, meaning customers are expecting transaction prices going down even further and that this trend will persist for a long period.  o The risks are that the expectations are becoming permanent and that customers will hold back purchasing decisions. A self-reinforcing cycle of discounts has the automotive industry in China in it’s unforgiving grip!

Customers & Markets “Pulse Check” No. 2 – openness of European customers towards Chinese Cars is rising! 🚗 📈 On average, customers in Europe are more open to buy a Chinese car as their next car - 39 % vs. 28 % in April last year. The activities of Chinese OEMs pay off and thus slowly establishing themselves as a purchase option. 🚘 📉 Germany decreasing: the openness in Germany is decreasing. Reasons are the public discussion on China, the energy prices in Germany and in some cases the price positioning of Chinese cars 🚙 🚀 Italy with largest growth: in Italy we see the largest increase due to purchase incentives for EVs and rising pressure of inflation (customers perceive Chinese vehicles as more financially accessible) This is one of the results of our Horváth survey on #BEV, #Brand Awareness and #Future Mobility we conducted with more than 2.000 participants from 12 #European countries #automotive #germany #italy #switzerland #netherlands #uk #ChineseOEM #survey #europe #markets #marketintelligence

The report titled ‘China Automotive Market Development Forecast Report 2024’ shows that from January to November 2023, China's automotive market sales reached 26.938 million units, an increase of 10.8% year-on-year. Sales of new energy vehicles were particularly significant, reaching 8.304 million units, a year-on-year increase of 36.7%. The report forecasts that China's auto market will continue to grow in 2024, with total sales expected to reach 31 million units, up 3% year-on-year. The new energy vehicle market is expected to expand further, with sales projected to reach 11.5 million units, a 20% year-on-year increase. However, the market is also facing challenges, including the sustainability of economic recovery, consumer confidence, uncertainty in the global trade environment, and price trends. To address these challenges, the auto industry should focus on expanding domestic demand, consolidating the fundamentals of foreign trade and foreign investment, promoting the construction of ecological civilization and green, low-carbon development, and maintaining the continuity and stability of policies to boost market confidence. Additionally, deepening reforms in key areas will inject momentum into the high-quality development of the automotive industry. #Lightweight #LightweightAsia2024 #automotivemarket To learn more about the market trends, stay tuned to Lightweight Asia 2024 Date: 03-05 July 2024 Venue: Shanghai New International Expo Center  Learn more：https://lnkd.in/gid2RGSb

▶Did key #European new-car markets return to growth in April? - The automotive industries in #France, #Italy and #Spain were hoping for registration numbers to bounce back in April. This would show that external factors were responsible for the declines in March. - With Easter occurring earlier in 2024, March was always likely to be a struggle, due to a discrepancy in working days. Therefore, it was critical for markets to return to growth in April, otherwise the outlook for the rest of the year could suffer. - The latest figures from each country’s automotive authorities show that deliveries did increase, with strong results posted by each territory. Read the full analysis here https://lnkd.in/euVyq9NW #Europe #automotiveindustry #newcars #sales #growth #EVs