Ahead of sharing the full insights from The Classics Forum… Here are a few headlines emerging from our joint study of the sector with the great automotive team at McKinsey & Company
Did you know the global classic car market is valued at an astonishing 800 billion Euros? With significant trading volumes and impressive value growth, it’s an exciting industry that continues to captivate enthusiasts worldwide.
To discuss how innovation and sustainable practices will be essential to preserving the future of collectible cars, McKinsey is the knowledge partner of “The Classics Forum,” the world's premier classic car summit.
Join us as leading industry executives and notable global collectors share strategies and concrete actions for maintaining and enhancing value in the classic car market. The event starts today, June 1, in Italy at Tenuta di Roncolo (RE) and ends with a fantastic public event on June 2. Visit The Classics Forum website for more event info: https://mck.co/457PoFl#TheClassicsForum#classiccars
These are the 2024 World Car of the Year Winners: Every year, different groups of auto journalists and industry professionals come together to choose a “best of” list to recognize vehicles in various categories. One of the groups is the World Car of the Year (WCOTY) jury, which includes journalists and professionals from several countries. They recently revealed their 2024 picks at the New York auto show, and it’s clear that legacy auto brands are facing increasingly tough competition. #car#cars#awesome
Hessel on new Mercedes considerations: Twist and turn carefully!
The car manufacturer Mercedes-Benz is considering selling its own dealerships in Germany. Could it be a way into the German market for Danish owners Hessel?
Jan 24v motormagasinet
We always keep our eyes and ears open for any opportunities that arise, says the CEO of Ejner Hessel, Benjamin Mahr, after it emerged that Mercedes-Benz is investigating the possibility of selling off their own dealers in Germany. Photo: PR
Three weeks ago it emerged that German Mercedes-Benz had found a buyer for their dealer chain in Denmark, Mercedes-Benz CPH.
It was the Dutch car group Van Mossel Automotive Group that had taken over the five locations in Greater Copenhagen with a turnover of DKK 2.2 billion and a profit of DKK 36 million in 2022.
But...
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https://lnkd.in/eTScZN6ehttps://lnkd.in/eTScZN6e#automotive#retail#mercedes
Time to reflect upon the Japan Mobility Show, which ended last Sunday. Before the event, I was quite sure we are witnessing the end of the "motor show" era, with many large-scale automobile exhibitions around the world struggling to attract visitors. With many manufacturers switching to the tech-oriented CES or switching to pop-up events for a better share of voice, I was not quite sure what to expect.
The numbers, however, speak for themselves. Not only did over 1.1 million visitors attend the Japan Mobility Show in general, but the reaction was overwhelmingly positive. With over 60.000 visitors on one day (triple of the previous record), the ISUZU Group booth was running at its maximum capacity. Waiting time topped one hour to sit inside a truck, most merchandise was sold out and we clocked 1400% more visitors to our special page than last time.
For the first time, ISUZU and UD Trucks combined their booth as ISUZU Group, requiring more coordination but also opening up new synergies. Another innovation was hiring non-Japanese as well as male both attendants, dressed in unisex and sustainable uniforms to demonstrate our commitment to diversity and sustainability. All contents were bilingual as it should be for a global group. We also challenged the "open booth" standard by enclosing the booth and immersing visitors in our world. We were also the first commercial vehicle brand to welcome visitors with banners in the entrance hall. Lots of innovations and efforts, but they all were worthwhile!
All in all, it looks like there is still plenty of love out there for cars in general, but definitely also for commercial vehicles, which should give everyone in the industry confidence to power on.
For an impression, have a look at the booth impression video:
https://lnkd.in/gzCHWZUR#japanmobilityshow2023#japanmobilityshow#isuzugroup#isuzu#udtrucks#motorshow#mobility#モビリティーショー#モーターショー
🚗 Great conference today by Automobilwoche 👆🏼While the times are challenging, there’s no shortage of hope and opportunities for the German/European #automotive industry. Thanks for all the insights 💡
#cars#emobility#automobilwoche
ex Engineering Manager bei ZF Group
1moNice to see that the (loveable called) Centipede will again be joining the historic CV tour. I hope the successor, the Toast Slice, also known as Advent Calendar, will be taking part as well. 😍 https://www.daimlertruck.com/en/newsroom/pressrelease/the-centipede-the-toast-slice-and-the-avant-gardist-the-19th-tour-of-germany-for-vintage-commercial-vehicles-starts-out-at-the-mercedes-benz-plant-in-woerth-52025120