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PwC increased 2024 Czech new car registrations forecast from 200,000-220,000 units (-1% to -10%, 2023: 221,422) to 205,000-225,000 units (-7% to +2%). Demand for cars continues to be significantly affected by current relatively less favorable economic situation (weak economy, expensive financing), which, according to current forecasts, we expect gradual improvement during this year, especially with regard to development of inflation. Improving indicators to gradually improve purchasing power of companies and consumers as well as their mood and have positive effect on demand. So far, however, this influence on registrations is only cautious, Janeček said
April 9, 2024 | 05:44pm CETflashread more
Jakub Pončík, former Head of Powertrain Design, appointed as new Director of Research and Development at Tatra Trucks. Radomír Smolka, member of Board of Directors for R&D at Tatra Trucks and Director of Research and Development at Tatra Defense Vehicle, transferred operational management of department, focusing on strategic planning and decision-making
April 9, 2024 | 05:33pm CETflashread more
J.D. Power, GlobalData increased 2024 global new light-vehicle sales outlook by 200,000 cars, vans from 89.1 million (+3%) to 89.3 million (+3.2%). Large proportion of easy gains have now been achieved due to improved inventory levels enabling pent-up demand to be met. In addition, inflation and cost of living remain challenges facing consumers, while slowdown in economic growth is still on cards, even if recent data suggests that global outlook is improving, Oakley (GlobalData) said
April 8, 2024 | 12:40pm CETflashread more
SDA: New car registrations in Czechia down by 15.5%/3,462 units in March (companies and entrepreneurs: -3,188, consumers: -274), up by 2.2% to 57,605 in Q1 (vans +6.5%, +18.3%; trucks -20.7%, -16.8%; buses +238.5%, +127.7%; motorcycles -3.1%, +7.7%; trailers+semitrailers -9.4%, -6%)
April 8, 2024 | 12:32pm CETflashread more
SYMA (Systems of Management) 2024: Czech Society for Quality (ČSJ) to hold 26th conference on current trends not only in automotive industry (TISAX, Automotive Core Tools, VDA 6.3:2023, Reverse FMEA, artificial intelligence/AI, digitization of production, optical measurement, carbon duty/CBAM, ESG, HR) in Mladá Boleslav, Czechia on April 11-12. Representatives of Škoda Auto, Continental Automotive Czech Republic, ON Semiconductor Czech Republic (Onsemi), Robert Bosch, ČEZ, Slovnaft, Doosan Škoda Power, Yusen Logistic Czech, 24 Vision, Next Generation Security Solutions (NGSS), Twinzo (5.0 Technologies), DQS Slovakia, Specialist Service, Technical University of Liberec (TUL), Škoda Auto University (ŠAVŠ) to speak at event
April 5, 2024 | 09:57am CETflashread more
AAA Auto (Aures Holdings) Barometer: 121,209 used cars (1,786 HEVs, +147 m/m, +594 y/y; 1,073 BEVs, +88 m/m, +379 y/y), most in last five years, advertised in Czechia in March with mean value (median) of price of CZK 210,000 (EUR 8,300; -CZK 5,000/-2.3% m/m, +CZK 10,000 Kč/+5% y/y). Offer grew by 11,609 cars (+10.6%) m/m, by 8,916 cars (+7.9%) y/y
April 5, 2024 | 09:53am CETflashread more
Škoda Auto expects 81% penetration of beam headlights in LED Matrix version (second generation, with integrated all-weather light instead of conventional fog light) for new Superb (liftback MHEV from CZK 935,000/EUR 36,880, combi from CZK 975,000/EUR 38,460, 4x4 from CZK 1.13 million/EUR 44,380, Sportline and PHEV available later) versus 19% in Standard (LED) one
April 5, 2024 | 09:49am CETflashread more
Automotive Day 2024: Masaryk Institute of Advanced Studies CTU/ČVUT to hold 3rd exhibition of battery and fuel cell electric vehicles and hybrids (over 30 models from 14 brands such as Hyundai, Škoda, Kia, Toyota, Citroën, Volkswagen, Peugeot, BMW, Tesla, Tatra, Suzuki, Lexus) in Prague, Czechia on April 10 with test drives and conference on Contemporary market challenges of automotive industry (electromobility and other alternative drives, car power systems and increasing demands on infrastructure, AI in Automotive, autonomous driving systems). Representatives of ČVUT, AutoSAP, EY (Ernst & Young), CIIRC, Siemens, PRE (Pražská energetika), DPP, Škoda Auto, Tatra Trucks, SDA, Volkswagen, Citroën, Kia, Toyota, Peugeot to speak at conference. Event designed for students, academics as well as general and professional public
April 3, 2024 | 09:57am CETflashread more
CarGarantie: Average car repair costs rose by 6.3% to EUR 657 per claim in 2023, according to damages analysis of around 1 million warranty contracts for new and used vehicles. Electrical system and fuel system (including turbochargers) defects are most often, engine repairs are most expensive. On contrary, electric drive, hybrid system and driving dynamics system are most reliable
April 3, 2024 | 09:52am CETflashread more
Dealers, Service Stations
Intertax Expert began offering product Mobility24, alternative to full-service leasing
April 19, 2013 | 03:09am CEToriginalThe new company of the former head of EurotaxGlass’s in the Czech Republic; products and services; partners of AuDaCon, Agip, Elit or Europ Assistance...
read moreAAA Auto to buy out own shares for CZK 23.30/piece
April 4, 2013 | 01:06am CEToriginalAccording to experts, this price is very low and does not match the current condition of the company. Comments, timing of the redemption...
read moreAAA Auto expects profit to drop in 2013
April 2, 2013 | 12:53am CEToriginalSales and profit in January and February, the financial results in 2012, growth in financing penetration above 50%, the expected outcome of the extraordinary General Meeting...
read morePorsche holds spring service event in Czech Rep until end of May
April 2, 2013 | 12:25am CEToriginalDiscounted car inspection, cleaning of air conditioning, replacement of tires, Michelin and Pirelli summer tires, Porsche Tequipment accessories...
read more2013 Brno Motor Show: Skoda, Ford and Hyundai brands to complete expositions of four dealers
March 29, 2013 | 02:22am CEToriginalParticipation of 12 brands, novelties not only from Geneva, newish BMW and Skoda cars, Hyundai Before Service, Fleet Day, Motorsport Expo...
read morePolice reportedly investigate Ales Prazak/Skoda Parts in stolen navigation affair
March 25, 2013 | 02:48am CEToriginalThe company offers Skoda OEM navigations for one-third prices in its e-shop. Connection with the raids in NH Car showrooms, affiliated e-shop for VW cars, new 'non-stolen' navigations...
read moreFisker Automotive is negotiating with investors from China, but they apparently lose interest
March 25, 2013 | 02:39am CEToriginalResignation of Henrik Fisker, interrupted production, the new owner of A123 Systems – Wanxiang, stock Karma cars at Emil Frey in Europe, petrol version of the VL Destino...
read moreAnthony Denny to withdraw AAA Auto shares from stock exchange to facilitate sale of his share
March 22, 2013 | 02:28am CEToriginalAAA Auto will then execute the repurchase of the shares. These steps are required by potential investors. The timing, financing of the repurchase...
read moreAuto Jarov to organize free service day on March 23
March 22, 2013 | 02:00am CEToriginalThe event is designed not only for customers of Auto Jarov. Content of the technical inspecion, discounts on oil and tires...
read moreTuma (SPOCR): Investigation of stolen navigations sale not related to Skoda dealer network
March 21, 2013 | 03:40am CEToriginalSPOCR association represents about half of the authorized partners of the Czech carmaker, NH Car is not a member...
read moreNimc: NH Car became victim of crime
March 21, 2013 | 03:25am CEToriginalThe case relates to several pieces of stolen navigations, which should have got to customers through NH Car. Offer of a free navigation check...
read morePolice investigates sales of stolen parts and navigation systems at authorized car dealers in Czech Rep
March 20, 2013 | 01:36am CEToriginalPolice have raided Prague dealer NH Car, the company refuses participation and cooperates with the police. The investigation apparently concerns one supplier...
read moreToyota wants to expand dealer network in Czech Rep
March 15, 2013 | 02:24am CEToriginalThe company aims to achieve a target state of 30 sales points through its existing partners. Free locations...
read moreHonda wants to strengthen dealer network in two locations in Czech Rep
March 4, 2013 | 03:23am CEToriginalWhile there is no dealership in one city concerned, another dealership would be added in the second one. Dealer situation in the country, candidates...
read more2013 Brno Motor Show: Skoda, Ford and Hyundai to attend, others considering it or let their dealers decide
March 1, 2013 | 12:09am CEToriginalCarmakers/importers considering their participation, non-participants, negotiations with local vendors, expected attendance by BVV, accompanying program...
read moreLeasePlan separated development activities from commercial department in Czech Rep, put Milan Ptacnik to head
February 26, 2013 | 12:19am CEToriginalVladan Jesensky has become the new sales head of Lease Plan Czech Republic, coming from company...
read moreHelicar expanded fleet of trucks with first Euro 6 vehicles
February 26, 2013 | 12:02am CEToriginalThe brand and model, number of vehicles, references, new client Iveco, expansion into Asia...
read moreMalecha: Mini wants to further grow in Czech Rep in 2013
February 25, 2013 | 12:17am CEToriginalRecord year 2012, new Paceman (price, equipment), Mini Hatch III with five doors, extension of the event 'Mini graduates', Cool packets for free, new service point...
read moreAAA Auto shares weakened by 12.6% in Prague after report of scheduled withdrawal from stock exchange
February 18, 2013 | 12:22am CEToriginalFuture development of the price of shares, Denny's and minority shareholders’ next likely steps, redemption...
read moreAnthony Denny to withdraw shares of AAA Auto from stock exchange
February 15, 2013 | 02:00am CEToriginalDenny has recently suspended the process of selling his stake; however, the company is reportedly still for sale. Plan to increase the value of the company five times...
read moreAutobond plans to add another brand in two Czech cities
February 7, 2013 | 03:44am CEToriginalCurrently on-going investment will increase sales and service capacity of this dealer of six brands in six cities...
read moreAuto Motol Beni prepared microsite for Ford cars for immediate delivery
February 5, 2013 | 11:33pm CEToriginalThe offer includes new stock, demonstration and used cars. Web site address, the number of cars offered by this Prague Ford dealer...
read moreFord introduced fixed prices of service inspections in Czech Rep
February 4, 2013 | 11:36pm CEToriginalThe affected models, price segmentation, service intervals, example, participating dealers, maintenance microsite...
read moreAgrotec began providing 3-year service contract for Kia Cee'd SW cars
February 4, 2013 | 11:31pm CEToriginalMileage restriction, profile of the automotive division in the Czech Republic, the expansion of Agrotec in Slovakia...
read moreInvelt invests in modernization of its facilities in Czech Rep
February 4, 2013 | 03:18am CEToriginalThe company has expanded its BMW showroom in Pilsen and prepares modernization of BMW, Mini and Alpina complex in Prague. Sales growth in 2012...
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SELECTED FLASH NEWS
Fischer Surface Technologies (manufacturer of chrome-plated plastic parts for interior...
In referendum in October 2021, residents of Třemošnice, Czechia expressed their opposition...
Cebia establishes cooperations with automakers in field of motor vehicle approval process...
Miloslav Pavlas senior, Miloslav Pavlas junior's Kovolis Hedvikov Holding (owner of...
Plastika (manufacturer of plastic parts for automotive, electrical industries with 580...
Auto Motol Beni/AMB Praha (MVC Automotive Group; Ford dealer in Ořech near Prague...
Kaufland (Schwarz Group) to invest over CZK 2 billion (EUR 83 million) in expanding...
Arrogance Equipment/Trim: ČSOB Poisťovňa launched campaign in Slovakia for car insurance...
JLR You Owe Us: Milberg London filed group action against Jaguar Land Rover (Tata Group)...
Formel D (3i Group 57.93%, CITIC Capital 23.78%; service provider for automotive, supply...
Letoplast (manufacturer of plastic parts for automotive, other industries with 320...
Energy crisis, ESG: Gumotex (manufacturer of rubber, plastic products with 1,700 employees...
Volvo Cars started publishing in car configurators in some countries (UK, Germany)...
Škoda Auto to expand existing Emissions Centre South in Mladá Boleslav, Czechia in area of...
Toyota Tsusho (Toyota, Lexus dealer in Prague, Czechia) to build Toyota Professional...
Certina Group acquired PAL (manufacturer of wipers for Volkswagen, Škoda Auto, Audi, SEAT...
Jaguar Land Rover started publishing in car configurators in some countries (UK) delivery...
ESG, e-Mobility: CB Auto (Volkswagen, SEAT, Škoda, VW Commercial Vehicles, Mazda, Kia...
Škoda Auto introduced system in Czechia enabling dealerships/service centers to invest in...
CarGarantie became partner of Mobile.de (Adevinta Group) for online purchase of used cars...
Bártek: Servind planns significant expansion of headquarters in Tuchoměřice near Prague...
Autorola signed new 4-year contract with BMW Group to build closed B2B platform in Europe...
SELECTED ARTICLES
Czech antitrust authority imposed fine on two car dealers for cartel
Shandong Linglong Tire wants to build two more plants, one in Europe
Chassix wants to build plant in Eastern Europe
SaarGummi plans further investment in Czech Rep
Samsung looking for suppliers on new type of EV batteries
King Long expands in Europe, established partner for Czech Rep and Slovakia
Toyoda Gosei to increase production in Europe
Kirchhoff Automotive looking for new suppliers
Hyundai expands operations in Central Europe
Uni Gasket to expand production in Europe
Vision & Strategy 2025: Brose to make global competence centre from Ostrava
Brano aims to develop its own electric vehicle, later might start producing it
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Source: ECB, May 9, 2024