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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
Auto-Plus: Gift certificate from SkofFIN with purchase of used Volkswagen and Audi on lease/credit
May 31, 2010 | 02:38am CEToriginalIt can be used for accessories, spare parts or services. The number of cars offered, website visit rate, customer trends, sales from January to April 2010...
read moreNew comparison site for damage liability Porovnani-online.cz launched in Czech Rep
May 31, 2010 | 02:06am CEToriginalIt has thus joined dozens of others. Cooperation with insurance companies, competitors, arranging insurance in the world online, expert opinion...
read moreCredium in June: Service pack for Fiat Ducato worth CZK 63,000 CZK for CZK 6,666 with financing by lease
May 31, 2010 | 01:50am CEToriginalThe pack includes assistance services from Europ Assistance, extended warranty, service inspections, damage liability with a high coverage. Special offers for other brands...
read moreNew Audi dealer Autosalon Klokocka aims to sell up to 150 cars in 2010
May 28, 2010 | 04:11am CEToriginalIt has now opened the Audi Terminal for CZK 130 million in Prague. Plan for 2011, the loyalty program, shift to Shell oils, other brands...
read moreUniCredit Leasing started to cooperate with Suzuki brand in cars and motorcycles financing in Czech Rep
May 28, 2010 | 03:28am CEToriginalThe first offer of the Suzuki Finance is a zero increase of instalments from 40% down payment. It is the 13th cooperation with a carmaker on the Czech market...
read mores Autoleasing offers flood-stricken clients schedule of payments extension
May 28, 2010 | 03:16am CEToriginalThe refinancing of loan or lease is free of charge and the company will carry it out within an accelerated mode. However, this is conditioned by...
read moreGE Money Auto: autoCredit with weekend stay attracts public; offer extended until July 31
May 28, 2010 | 02:46am CEToriginalOver 1,730 customers made use of the offer in two months, choosing especially hotels in the Czech Republic. The special offer has increased the number of visitors on websites...
read moreDirect Pojistovna created new post of commercial director with responsibility for sales channels
May 27, 2010 | 05:09am CEToriginalRoman Wojdyla, the former CFO, was appointed to the position. A new CFO has become...
read moreErika Duchanova from UniCredit Leasing became new chairwoman of CLFA media committee
May 27, 2010 | 04:17am CEToriginalDuchanova has been a member of the media committee for several years. She has replaced Bela Jaskova in office, who…
read moreCetelem became another financial partner of Kia Motors in Czech Rep
May 25, 2010 | 01:27am CEToriginalCetelem offers wholesale financing to dealers. The first partner from among dealers, initial menu...
read moreCSOB Leasing offers customers affected by floods deferred repayments for up to 2 months
May 24, 2010 | 11:44pm CEToriginalDuring the payment holiday period the customers will pay insurance only. At the same time, the leasing company is prepared to waive payments in certain cases...
read moreCar financing in Czech Rep fell by 6.7% in Q1, Toyota Financial Services and Arval being movers of the year
May 21, 2010 | 03:18am CEToriginalThere were also other companies growing, namely SkoFIN, UniCredit Leasing, Credium and ALD Automotive. Changes in the Top 10 ranking, changes in the volume of financing, the reasons...
read moreDirect Pojistovna extends its activities of insurance sales through partners, having launched Affiliate program
May 18, 2010 | 11:56pm CEToriginalIt rewards website owners for mediated calculations or negotiated insurance. The amount of reward, the actual number of partners...
read moreCCS: Petrol price stagnated in Czech Rep last week, diesel up again
May 17, 2010 | 11:28pm CEToriginalWhile Natural 95 is now fluctuating slightly above CZK 32/L, diesel exceeded the border of CZK 31/L. In the y/y comparison…
read moreDirect Pojistovna offering 3-month free insurance until end of May
May 14, 2010 | 02:23am CEToriginalThe company has prepared the offer to a double anniversary: 300 years of RSA and 3 years of Direct Pojistovna. The offer applies to cars and motorcycles...
read moreIvan Vodicka to leave Ceska pojistovna, Pavel Rehak to be new CEO
May 14, 2010 | 01:56am CEToriginalRehak has thus been promoted from the position of deputy manager for client services. The personnel change will occur on...
read moreCSOB Pojistovna took over marketing activities of its parent company CSOB
May 14, 2010 | 01:28am CEToriginalAt the same time it has created a post of marketing head, which has been filled by Petr Kleiner on May 1. His first task will be...
read moreTriglav increased number of concluded contracts on damage liability by 10% in Czech Rep in 2009
May 14, 2010 | 01:09am CEToriginalGross premiums in this type of insurance, however, rose by 3.2% only. Financial results of the insurance company...
read moreKooperativa started to provide new clients with claims-free bonus in advance
May 13, 2010 | 01:15am CEToriginalHowever, if the client causes damage within 3 years, he has to give the discount of 15% back to the insurance company. Details of the offer Confidence...
read moreMazda 50:50: Credium offers interest free credit in Q2 for 12 months with two instalments at beginning and end
May 12, 2010 | 06:14pm CEToriginalThe second option is to continue after in repaying the second half of the price of a new Mazda in the form of a interest credit...
read moreAssociation of Czech Insurance Brokers: Kooperativa became Insurance Company of 2009 in motor vehicle insurance
May 11, 2010 | 11:11pm CEToriginalIt has also won the main category of non-life insurance and it defended the last year's first place. Detailed results...
read moreRaiffeisen - Leasing launched web application for online calculation of credit or lease repayments
May 11, 2010 | 10:46pm CEToriginalNon-company clients can take advantage of Uniqa insurance with travel insurance free of charge, holders of Raiffeisenbank´s account eKonto will get...
read moreNew Audi Terminal designed to help increase sales of Auto-Exner in 2010
May 11, 2010 | 01:54am CEToriginalSales in 2008, 2009 and a plan for 2010, best-selling models, services offered by the Audi Terminal, servicing capacity, Express Service...
read moreCSOB Leasing launched interactive guide on its web site
May 11, 2010 | 12:38am CEToriginalThe new website is shifting from an information portal to a more active customer adviser. The author of the web pages and links to partners...
read moreCCS: Fuel more expensive by tens of hellers in Czech Rep last week
May 11, 2010 | 12:28am CEToriginalPetrol Natural 95 became more expensive on average by 27 hellers, diesel by 40 hellers. A significant increase in prices occurred in m/m comparison…
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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