Tech firms meanwhile are investing heavily into semiconductor production. Toshiba will invest around £737 million ($1.09 billion) to increase its production capacity by almost double, building a new factory in Japan, which is due to open in March 2025. Features on demand can open up a world of potential, but not without risk.
- For models registered in 2020 or after, your vehicle’s Software-Over-The-Air technology delivers wireless updates automatically to your Land Rover, which you can install at a time to suit you.
- Our Automotive B2B brands and partners would like to keep you updated by email, phone and SMS with information and opportunities which we hope will help you in your work.
- The process is simple, easy to follow and can be done at a time that suits you.
- While some statistics for the first six months are still being finalised, we believe that things are progressing broadly as we expected with the recovery in sales, underpinned by solid consumer demand in major geographies.
These low inventories also resulted in the rapid rise in second-hand car prices. In absolute terms, S&P now expects global auto sales to amount to million units this year, relative to 77mn in 2020. You may experience data costs if you connect through a SIM card inserted into your vehicle. In some countries, you will have received a SIM card on purchase of your vehicle.
Automotive Sector Update: Recovery underway, stirred but undeterred
Specifically, according to the European Automobile Manufacturers’ Association , in January-June 2021, EU demand for new passenger cars increased by 25.2% year-on-year to reach 5.4mn units in total. This was followed by a solid rate of growth of 10.4% YoY in June, against a much higher prior-year comparative base. However, the ACEA notes that the first half registration numbers were still well below the 2019 pre-Covid levels, by as much as 1.5mn units (or 21.7%) for the comparable period. The mobility of the future is “eascy”– electrified, autonomous, shared, connected and “yearly” updated. In this study, we describe the factors influencing the sector leading up to 2030 in the key US, Europe, and China markets.
You will receive a notification on your Touchscreen once the update has been completed successfully. If they’re turned off, simply press the power button to turn software updates to ‘On’. Our expert risk management and rehabilitation practitioners focus on helping clients improve their risk management so that they may benefit from a reduction in claims frequency and costs. The automotive industry is a vital part of the UK economy and integral to supporting the delivery of the agendas for levelling up, net zero, advancing global Britain, and the plan for growth.
Whilst the likes of Mercedes demonstrate innovative ways of tackling limitations with the existing infrastructure, mass market EVs still demand the need for a greater charging network. On that note, we can expect to see the launch of the Local EV Infrastructure coachoutletonlinebtc.net Fund by Summer 2022, which is set to support the roll-out of larger on-street charging schemes and rapid charging hubs across England. Nowhere was this more apparent than at the Consumer Electronics Show (“CES”) in Las Vegas held between January 2022.
The Automotive Market Update helps clients understand and track the latest changes in the current market. It provides monthly up-to-date analysis of current demand and assessments of OEM strengths and weaknesses. Shared– Professionally managed fleets of shared vehicles will reduce the cost of mobilty by a significant amount through more efficient use of expensive mobile assets.
Unlock the full total cost of ownership for your vehicles with the all-new Car Cost Expert. Visualise the full range of information offered in the service including segment trends, market analysis and the outlook for Indonesia, Malaysia, Philippines, Thailand and Vietnam. The figures provided are manufacturer’s estimates and will be replaced with the official EU test figures as soon as they are available. CO2 and fuel economy figures may vary according to factors such as driving styles, environmental conditions, load, wheel fitment and accessories. Yes, you need a mobile or Wi-Fi connection to download and complete the installation. A notification on your Touchscreen will inform you when the software has installed successfully.
If you prefer to attend virtually, we will broadcast the event over the GoToWebinar platform. There is definitely a regional bias beginning to show, especially in the more northern regions of the country. This is where the inflationary effects are beginning to bite for people with lower to middle income levels. Link your accounts by re-verifying below, or by logging in with a social media account. When we handle your vehicle, be it for servicing requirements or pre- purchase, our staff will wear face masks and rubber gloves and your vehicle will be fully sanitised for you in readiness for collection.
He is an experienced journalist, writing news, features, interviews and product reviews. If that didn’t make him busy enough, he is also the co-host of the AutoChat podcast. The automotive sector is undergoing rapid change, with developments to the retail model, the shift to EVs and changes to regulation and each change is either driven by the law or has legal and compliance consequences. We all know the automotive sector is undergoing rapid change, with developments to the retail model, the shift to EVs and changes to regulation and each change is either driven by the law or has legal and compliance consequences. Cars are becoming increasingly digital, with new software capabilities redefining what was once a feat of engineering. This creates an opportunity for continual development as system updates provide fresh features, while also squashing bugs long after a model leaves the showroom.
Events & Webinars
It contains only brief summaries of aspects of the subject matter and does not provide comprehensive statements of the law. It does not constitute legal advice and does not provide a substitute for it. The Federation of Small Businesses has released a report setting out the impact of new and changing regulations arising from the pandemic on small businesses across the UK. The increased range offered by Mercedes’ new concept is of particular note.