Automotive News

2015 Is The Year Of USED CARS

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  • The world’s leading car manufacturers and suppliers have joined the Automotive Grade Linux Collaborative Project to support the development of open source software solutions for automotive applications.
  • Lighting is becoming more intelligent to supplement ADAS systems and to provide brand customization.
  • Chery and Israel Corporation has a joint venture called Qoros, both companies hold a 50-50% stake.
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Some of them are booked by several agencies such as PT Telkom and the governor of Bali. FAW Group has a joint venture with Toyota called Sichuan FAW Toyota Motor and both companies also have another joint venture called Ranz. Chery has a joint venture with Jaguar Land Rover called Chery Jaguar Land Rover, both companies hold a 50-50% stake. Beijing Automotive Group also has a joint venture with Hyundai called Beijing Hyundai, both companies hold a 50-50% stake. Receive a monthly newsletter for the latest automotive product and solution information.

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As a result, the traditional business model of car sales will be complemented by a range of diverse, on-demand mobility solutions, especially in dense urban environments that proactively discourage private-car use. Overall global car sales will continue to grow, but the annual growth rate is expected to drop from the 3.6 percent over the last five years to around 2 percent by 2030. This drop will be largely driven by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing. We support suppliers with strategic problem-solving and innovation, development, and cost-cutting programs.

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The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world’s largest industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia). It is also the industry with the highest spending on research & development per firm. Our solutions cover the entire vehicle and can help with everything from advanced mobility concepts to aftermarket repair. We have the experience, advanced technology and global reach to offer the support you need. We have great ideas based on decades of experience and materials solutions that were pioneered by our innovation.

When these LCGC cars were introduced they, generally, had a price tag of around IDR 100 million (approx. USD $7,500) hence being attractive for the country’s large and expanding middle class segment. By early the average price of the LCGC had risen to around IDR 140 million (approx. USD $10,500) per vehicle. With the implementation of the ASEAN Economic Community at the start of 2016, the Indonesian government also aims to make Indonesia the regional hub for the production of LCGCs. Domestically, GAIKINDO facilitates its members’ interests in relation with the Government’s policies regarding the automotive industry.

In the United States, vehicle sales peaked in 2000, at 17.8 million units. In 2007, there were about 806 million cars and light trucks on the road, consuming over 980 billion litres of gasoline and diesel fuel yearly. The automobile is a primary mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group predicted that, by 2014, one-third of world demand would be in the four BRIC markets . Meanwhile, in the developed countries, the automotive industry has slowed.

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