1. Articles in category: Industry Statistics

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    1. Global Automakers Releases 2020 Q4 Sales Numbers

      Following our transition into a new year, the Global Automakers of Canada (GAC) has released sales figures for its members in Q4 2020.

      Given the disruptions caused by the COVID-19 global pandemic during 2020, OEMs witnessed the shutting down of production facilities in Q1 and Q2, along with parts shortages, new inventory was significantly down during the course of the year.

      By the end of 2020, GAC member sales total 900,767 units—a 21.4% decline compared with 2019 which saw 1,146,587 units sold.

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    2. Female CMO is new norm

      A remarkable shift has been taking place in automaker executive ranks: Women now rule the U.S. marketing world.

      In 2018, Joy Falotico took on the chief marketing officer title at Ford Motor Co. The next year, Fiat Chrysler Automobiles tapped Marissa Hunter to fill a new role, head of North America marketing. Months later, Deborah Wahl at General Motors and Angela Zepeda at Hyundai were named CMOs.

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    3. US 2020 auto sales slide 15%, but recovery stronger than expected

      Pittsburgh — US new vehicle sales are forecast to have fallen about 15% year over year to 14.4 million units in full-year 2020, the lowest total since the beginning of the decade, but the industry's performance finished the year stronger than anticipated, according to industry analysts.

      Cox Automotive said strong December sales boosted the year's final projection, according to a report Jan. 6.

      "The final days of December appear to have been stronger than forecast, and a number of [automotive] OEMs have cited unexpected robust retail activity over the holidays," said Charlie Chesbrough, Cox senior economist. "There was also no shortage of positive news in the last week of December, and that may have encouraged consumers and lifted sales – passage of the stimulus package, more certainty around the election outcome, coupled with a lot of vaccine news."

       

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      Mentions: automotive sales car
    4. GETTING A GRIP ON WINTER TIRE BUSINESS

      Outside of laws mandating the use of winter tires, the most influential factor leading Canadians to install them is family and friends.

      A recent survey of Canadian car owners found that while more than 80% of Canadians driving with winter tires say they prevented a collision, only about 65% of drivers in this country actually use them when they’re not mandated.

      Leger’s 2020 Canadian Consumer Winter Tire Study, commissioned by the Tire and Rubber Association of Canada (TRAC), found that outside of Quebec, where winter tire usage is mandated by law, a third of Canadians still fail to see the benefits.

      Among the findings is which factors motivate drivers to opt for winter tires. There are really no surprises in the list of top motivators:

      • Winter tire laws (34%)

      • Advice from friends and family (17%)

      • Lower auto insurance premiums (11%)

      • Media coverage (7%)

       

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    5. It was a massive year for electric bikes and scooters

      People were buying electric bikes and scooters long before the pandemic. Some saw them as a cheap and reliable way to reach the office. Others wanted a vehicle that could take them to the nearest park, supermarket or brunch-time meet-up. The coronavirus outbreak has been a catalyst for the industry, though. At first, when so many countries were imposing strict lockdowns, people wanted a way to safely exercise outdoors.

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    6. Michelin announce price increase on select Michelin and BFGoodrich tires

      Michelin North America announced price increases up to 5% on select Michelin and BFGoodrich passenger and light truck tires as well as on select commercial offers to fleet customers due to changing business dynamics of the U.S. market.

      This increase will be effective on Feb. 1, 2021 and complements the earlier price increase on Uniroyal® brand passenger and light truck products that went into effect in November.

      Price changes may vary across specific products within each brand portfolio. Details will be presented directly to dealers and fleet customers with additional questions addressed directly through account managers.

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    7. German plastics and rubber machinery industry initiates trend reversal

      At the beginning of the year, the German plastics and rubber machinery industry - like almost all sectors of the economy - was hit hard by the effects of the corona pandemic. However, the downward trend in sales and incoming orders already flattened out in mid 2020, and incoming orders even rose again from September onwards. Cumulatively, from January to October 2020 they are only 3% below the incoming orders in the same period of 2019.

      "The September and October months contributed significantly to this", Ulrich Reifenhäuser, Chairman of the Plastics and Rubber Machinery Association within the VDMA, is pleased to report. "In September 2020, we had 13% more incoming orders compared to the same month of the previous year, and in October 2020, there were even twice as many orders on the books as a year ago", Reifenhäuser continues.

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    8. Continental warns of price to livelihoods in electric car transition

      Continental, one of the world’s largest car suppliers, has warned the transition to electric vehicles is happening too rapidly and at the expense of people’s livelihoods. Ariane Reinhart, the German group’s head of human resources, told the Financial Times that environmental regulations, although necessary, were coming so fast “we cannot compensate for it in terms of employment”.

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    9. Bridgestone to Increase Prices on PLT Replacement Tires

      Bridgestone says it will increase prices for select Bridgestone and Firestone passenger and light truck replacement tires sold in the U.S. and Canada.

      The new pricing will take effect Jan. 1, 2021 with adjustments at the article and pattern level.

      Members of the Bridgestone consumer replacement tire sales team are contacting customers to provide more detailed information about the changes, the company says.

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    10. USTMA expects 2020 tire shipment to improve from July 2020 projection

      USTMA expects 2020 tire shipment to improve from July 2020 projection

      The U.S. Tire Manufacturers Association (USTMA) projects U.S. tire shipments will total 298.3 million units by the end of 2020, compared to 332.7 million units in 2019. This forecast represents a significant improvement of nearly 19 million units from the 2020 volume USTMA forecasted in July, reflecting industry resilience in the face of unprecedented challenges posed by the COVID-19 pandemic.

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    11. Millennials are buying more cars, and sooner, but for how long?

      2020 has been a year of unintended consequences, no matter where you look. Kids were suddenly doing their learning online, many of us began working from home, and thousands had to impromptu figure out how to interior-design the backdrop behind their computer monitor, as every virtual meeting became a peek into someone’s personal world. The car industry has seen some huge changes, as well. With the initial lockdowns, sales didn’t just spiral, they crashed.

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    12. Bridgestone Illinois Plant Celebrates 55 Years

      Bridgestone Americas, Inc.‘s OTR plant in Bloomington, Illinois, is celebrating 55 years of operations this year.

      The Bloomington Tire Plant began manufacturing tires in 1965 and today employs 450 people, many of whom are the second generation of their families to work in the plant, Bridgestone says. Currently, three employees are sons of employees who worked at the Bloomington Plant in 1965.

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    13. Just the Facts - multiple reasons why it’s beneficial to have winter tires.

      The 1950s police drama “Dragnet” inspired several catch phrases including “The story you are about to see is true”, “We were working the day watch”, and my personal favourite “Just the facts, ma’am”. Apparently, Sergeant Joe Friday, a fictional character created and portrayed by Jack Webb, never actually said “Just the facts, ma’am” but somehow it stuck. What is sticking in my mind these days are important facts related to winter tire usage in Canada from TRAC’s recently released 2020 Canadian Consumer Winter Tire Study, and supported by other studies from Traffic Injury Research Foundation (TIRF) and Manitoba Public Insurance. In keeping with the Dragnet theme, “The facts you are about to read are true”:

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    14. Pirelli trims margin guidance on mixed outlook

      MILAN, Nov 11 (Reuters) - Italian tyre-maker Pirelli on Wednesday lowered its margin forecast for this year, citing continuing uncertainty in light of the second wave of the COVID-19 pandemic.

      The manufacturer of tyres for Formula One and high-end carmakers such as BMW and Audi said the 2020 market outlook had improved in the North America and Asia-Pacific regions.

      “But the outlook (is) cautious for Europe because of recent anti-COVID measures following the resurgence of the pandemic,” it said in a statement.

      The group guided for a 2020 full-year margin on its adjusted earnings before interest and tax (EBIT) of 11.5-12%, against a twice-trimmed previous forecast of 12-13%, to account for the impact of exchange rates, raw materials and other costs.

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      Mentions: europe asia report
    15. Cold Hard Facts: Study Shows Winter Tires Reduce Collision Rates!

      Manitoba Public Insurance analyzed collision claims over a 6-year period (insurance years 2011-12 to 2017-18). The claim frequency was measured by comparing claim frequency before and after a winter tire purchase for 111,872 vehicles. Of those vehicles, there were 13,925 winter-month claims occurring before winter tires were installed and 9,802 winter-month claims occurring after winter tires were installed, stated the report.

      Based on analysis of winter month claims (November to March), winter tire use is estimated to reduce collision claim frequency by 6.3 per cent.

      The analysis also concluded that in the instance of a collision, damage severity was 5.7 per cent lower for the vehicle equipped with winter tires, compared to the vehicle which did not have winter tires. The lower severity for claims with winter tires was consistent for both single and multiple vehicle collisions.

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    16. CVMA CEO Brian Kingston on what makes Canada an attractive place to invest

      New Canadian Vehicle Manufacturers Association CEO Brian Kingston talks about what Ford’s and FCA’s EV commitments mean to the industry, what makes Canada a good place to invest and what his members would like to see in the way of government aid when it comes to helping the industry survive the COVID-19 pandemic. 

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      Mentions: automotive Canada
    17. Trinseo Sees Market Recovery: Preliminary Third Quarter 2020 Financial Results

      The Company notes that many end markets, including automotive, tires and construction, experienced strong demand recovery in the third quarter after weak demand during the second quarter due to the COVID-19 pandemic. Third quarter volumes in the Performance Plastics, Synthetic Rubber and Latex Binders segments were similar to prior year. In addition, margins across most segments were higher than prior year.

       

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    18. Michelin Revises Its Guidance for 2020 Upwards

      Outlook for 2020: in a still highly uncertain environment, and taking into account the recent change in tire demand, Passenger car and Light truck tire markets are expected to decline by 13% to 15% over the year, Truck tire markets by between 12% and 14% and the Specialty markets by 15% to 19%. With these new forecasts and the cost reductions linked to the circumstances, the Group is revising its guidance for 2020 upwards, with segment operating income in excess of €1.6 billion at constant exchange rates and structural free cash flow* in excess of €1.2 billion, barring any new systemic effect** from Covid-19.

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    19. Trelleborg Interim Report: July - September 2020

      “During the third quarter, sales declined 12 percent, of which organic sales declined 7 percent. Exchange rate effects had a negative impact on sales of 5 percentage points. EBIT, excluding items affecting comparability, declined 4 percent, corresponding to an operating margin of 12.9 percent (11.7). The operating margin for our core businesses amounted to 13.7 (13.3). Operating cash flow, in relation to operating profit, was strengthened significantly. ...

      We see today that new local restrictions are being imposed as the spread of the infection continues. We foresee a tougher climate during the fourth quarter of the year, not least in the oil & gas segment, and a recovery in the aerospace segment will not occur until further into the future. We continue to adapt to the constantly changing conditions and we are doing this well. However, our general assessment in the current situation is that demand for the ...

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    20. AIA Outlook Study: Predictions for the Aftermarket

      Automotive Industries Association of Canada recently released its Outlook 2020 Study, prepared by Ernst & Young (EY). The report was designed to provide an overview of the automotive aftermarket sector in Canada, including its economic impact, specific segments, product and service offerings as well as the workforce employed in the sector.

      Based on these findings, there’s no question that the aftermarket sector plays a pivotal role in the Canadian economy. In 2019, data points to approximately 491, 800 Canadians being employed in the aftermarket, representing almost 2.9% of total employees nationwide.

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      Mentions: automotive Canada
    21. World trade rebounding slowly, outlook uncertain: U.N. report

      GENEVA (Reuters) – The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, a United Nations report said on Wednesday. No region was spared by an estimated 19% year-on-year plunge in world trade in the second quarter, as the COVID-19 pandemic disrupted economies, the U.N. Conference on Trade and Development (UNCTAD) said. Global trade recovered somewhat in the third quarter, when it was estimated at about 4.5% less than in the same period a year ago, the agency said in its latest update.

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