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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
JATO Dynamics: Germany (20% share in total registrations in Europe) was largest supplier (assembly origin) of new cars for European market in January-February, followed by Spain (14%), Czechia (9%), France (7.9%), Slovakia (4.9%), Japan (4.6%), UK (4.5%), Turkey (4.3%), China (4%) and others (27%). As for battery electric vehicles (BEVs), order is different – Germany (33%), China (20%), Spain (7%), Czechia (5.5%), France (5.1%), Japan (3%), UK (1.6%) and others (24%). Approximately 44% of all volumes of made-in-China cars imported by Western brands including Tesla, Volvo and Dacia, while 40% by MG and 16% by other Chinese brands, Munoz pointed out
April 3, 2024 | 09:40am CETflashread more
MOVE 2024: MTP to hold international mobility congress at Motor Show in Poznań, Poland on April 4. Representatives of Volkswagen Group Polska, Volkswagen Poznań, Audi, Scania Polska, MAN Truck & Bus, Daimler Truck Polska, Iveco Poland, Volvo Trucks Poland, Stellantis, Volkswagen Financial Services, Polenergia eMobility, mPower, High Yield Battery Fab (HYBF), Wielton, Umicore Battery Materials Poland, Intel Poland, Ionway, PKN Orlen, ARP e-Vehicles, Durapower, Bergman Engineering, Bain & Company, Claritas Investments to speak at conference
March 29, 2024 | 01:56pm CETflashread more
JATO Dynamics: Electric / electrified vehicle sales in Europe (28 countries) up by 10.7% to 202,940 units (130,672 BEVs, +10%; 72,268 PHEVs, +12%) in February, representing 20.5% share in total registrations (penetration, +0.1pp). Tesla Model Y (19,940 cars, +8%) was best-selling battery electric vehicle (BEV), followed by Tesla Model 3 (7,912, +71%), Peugeot 208 (5,322, +31%), MG4 (5,231, +93%) and Volvo XC40 (4,604, +6%). Volvo XC60 (4,341, +38%) was best-selling plug-in hybrid (PHEV), followed by Ford Kuga (3,178, -6%), BMW X1 (2,654, +105%), Mercedes GLC (2,462, +75%) and Audi A3 (2,286, +193%)
March 29, 2024 | 01:46pm CETflashread more
Financial Companies
GE Money Auto: Czechs most often decide according to consumption when buying car
June 21, 2010 | 03:54am CEToriginalThe important criteria include the car brand, price/performance ratio, space of the car and appearance. The difference in requirements between men and women...
read moreJaguar Land Rover prepares branded financing in Czech Rep, premiere in autumn
June 15, 2010 | 04:34am CEToriginalThe carmaker’s financial partner in Europe is the FGA Capital (part of Credit Agricole) that does not operate in the Czech Republic, but...
read moreCCS: Fuel significantly increased in Czech Rep after long time, last week by about 40 hellers
June 15, 2010 | 02:48am CEToriginalReasons for this price increase, detailed data, analysts forecast for this week, the development in Slovakia...
read moreFiat Profi Assist: Guaranteed mobility for Fiat commercial vehicles from Europ Assistance
June 14, 2010 | 02:42am CEToriginalIt is the first product of the joint cooperation of Fiat Ceska republika and Europ Assistance. Details of the new services...
read moreAuto In expands in another city in Czech Rep, to open its fifth Ford showroom
June 11, 2010 | 03:54am CEToriginalAt the same time, it is going to replace another dealer, who has retained the service license, though. The premises in Pardubice, Hradec Kralove, Liberec, Chrudim, will be extended for…
read moreEurop Assistance increased its sales by 66% in Czech Rep in 2009, half accounts to automotive
June 11, 2010 | 03:41am CEToriginalThe structure of roadside assistance interventions abroad; cooperation with carmakers, insurance and leasing companies...
read moreSkoda dealer and petrol station operator FB automobil got into financial problems
June 11, 2010 | 03:11am CEToriginalThe Court commenced insolvency proceedings with the company, owing for the fuel as well. Creditors, debt levels, partners...
read moreFinancing of cars under 3.5 t in Czech Rep down by 5.5% in Q1, up by 4.8% for new cars only
June 11, 2010 | 01:02am CEToriginalThe company Credium did better than the whole market when its growth reached 5.7%, or 13.6%. Share of credit financing and new cooperation with Isuzu...
read moreFord Extra 12: Warranty for Ford used cars for 1 year on completion of inspection service
June 10, 2010 | 11:53pm CEToriginalThe guarantee program has been prepared by Europ Assistance and Ford for 10 European countries including the Czech Republic. Coverage, exclusions, availability at dealers...
read moreJan Krob left CSOB Leasing after five months
June 9, 2010 | 10:55pm CEToriginalThe position of executive director of commerce is now under the competitive tendering. Interim commercial head, Krob’s new position...
read moreMazda and Credium launched finance calculator in Czech Rep and Slovakia
June 9, 2010 | 10:42pm CEToriginalThe price calculator after entering customer parameters (down payment, instalment, period) offers affordable models. Parameters of the loan...
read moreDaimler expects stagnating sales of Mercedes-Benz and Smart passenger cars in 2010
June 9, 2010 | 04:35am CEToriginalSales in 2008, 2009 and plan for 2010, sales to car rentals including CNG vehicles, corporate clients, results of the Prague dealership, the CarStore program...
read moreIndependent car dealer Auto Busch opened new showroom in Prague
June 9, 2010 | 04:03am CEToriginalIt is the third showroom of the company in the Czech Republic. It is going to offer sales of new and newish cars of Ford and Mitsubishi brands there, other brands to follow later...
read moreTomas Hejda left CSOB Pojistovna, Petr Milata became new spokesman
June 9, 2010 | 12:06am CEToriginalMilata thus moved from internal to external communication within the company. Hejda’s new position…
read moreCCS: Fuel prices almost stagnated in Czech Rep last week
June 8, 2010 | 11:54pm CEToriginalPetrol Natural 95 became cheaper by an average of 2 hellers, diesel by 1 heller. Expectations of analysts for this week...
read moreBRNO: Profits of Czech automobile industry decreased by 59% in 2009
June 8, 2010 | 01:59am CEToriginalThe average value added per worker, however, increased by 30.4%. Additional information resulting from the competition of Enterprise of 2009...
read moreUniCredit Leasing prepared financing package Relax Pack for customers of Renault and Dacia brands
June 8, 2010 | 01:49am CEToriginalThe new product includes advantageous interest rates and accident insurance, payment protection insurance, GAP insurance. Details...
read moreAAA Auto offers free service for 1 year and discount on spare parts for Skoda cars from June
June 7, 2010 | 02:55am CEToriginalSales of Skoda cars from January to May 2010, Carlife warranty for 12 months for cars over CZK 100,000, the reduction within funding...
read moreZlata koruna 2010: Best financial products in automobile insurance and financing by Kooperativa, SkoFIN, UniCredit Leasing, CSOB Leasing, Hertz Lease and ALD Automotive
June 4, 2010 | 12:31am CEToriginalThe main categories were dominated by non-automotive products though. The winning automotive products...
read moreGE Money Auto: Most common offenses of Czech drivers are speed-exceeding for men and phone calls without hands-free for women
June 3, 2010 | 02:10am CEToriginalThe speed is exceeded by men under 29 years of age most often. The frequency of other offenses for men and women resulting from a survey...
read moreWustenrot insurance company innovated parameters for damage liability segmentation in Czech Rep, and reduced rates by 20%
June 2, 2010 | 04:27am CEToriginalIt has also introduced a new comprehensive insurance Wustenrot ProAuto. Parameter changes, rates, the package ProAuto, special offer...
read moreCzech Rep moved among world's car makers from 19th at 13th place in 2009
June 2, 2010 | 01:34am CEToriginalDevelopment of production in separate emerging markets and developed countries and regions, potential and investments in CEE, production moving from Western to Eastern Europe...
read moreOpel Hot Week: 7x24 hours with discounts up to CZK 200,000 for both passenger and utility models
June 2, 2010 | 12:01am CEToriginalDuring the entire month of June, Opel Finance is offering a one-year interest-free credit with two instalments 50/50. Parameters of the new product, a six-year warranty...
read moreCCS, Natankuj.sk: Fuel in Czech Rep cheaper by 20 hellers last week, same as in Slovakia
May 31, 2010 | 11:57pm CEToriginalAccording to analysts, prices could, however, fall by up to CZK 1. The current price level, the strategy of petrol stations, the outlook for this week...
read moreToyota Financial Services: In future we will offer financing of extended warranties and service contracts, supplementary insurance, untied loans
May 31, 2010 | 03:26am CEToriginalDuring 10 years in the Czech Republic, the company has financed over 14,000 Toyota and Lexus cars, which represents a penetration...
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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 8, 2024