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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
Associatons
Maly (PwC): Sale of cars and vans in Czech Rep to return to growth at end of 2013
April 15, 2013 | 12:29am CEToriginalThe outlook for Q2 2013, H2 2013 and 2014; the expected development of macroeconomic indicators; consumer confidence according to CSU...
read moreSkoda and Hyundai dispute in Czech Rep who sold more cars to consumers
April 15, 2013 | 12:23am CEToriginalThe figures presented by both brands, different methods of reporting, masking purpose registrations by de-registrations over one month...
read moreSales of new cars in Czech Rep fell by 19% in March
April 11, 2013 | 12:12am CEToriginalBMW, Seat and Mazda showed good results. Decline mitigation compared to February, the results of brands, steady demand for trucks...
read moreDataforce: Hyundai overtook Skoda in retail sales in Czech Rep, only temporarily
April 9, 2013 | 12:04am CEToriginalAccording to data of Skoda Auto, it is not the case. The influence of generational change of the Octavia, the situation in fleet sales, the profile of Dataforce...
read moreSDA: Export of used cars from Czech Rep rose by one third in 2012
April 8, 2013 | 12:12am CEToriginalPart of them accounted for newish cars allocated to countries with a higher price level. Most exported brands, a drop in imports to the Czech Republic...
read morePecenka (SDA): Sales of new cars in Czech Rep fell by 15-20% in March
April 5, 2013 | 05:08am CEToriginalThe new car registry administrator has not disclosed March registrations to SDA yet. SDA’s outlook for 2013...
read moreDozens of companies from Czech Rep supply parts for new Volkswagen Golf
April 4, 2013 | 01:01am CEToriginalThese are 3M, Benteler, Brano, Brisk, Continental, Denso, Fehrer, HP Pelzer, Inteva, Kolbenschmidt, Magna, Mann+Hummel, Monroe, SaarGummi, TRW or Witte...
read moreGlobal car production increased by 5.3% in 2012
April 2, 2013 | 12:35am CEToriginalLCV production also grew, while production of trucks and buses declined. Results in China, Germany, Czech Republic and Slovakia...
read moreSale of commercial vehicles in EU fell by 13.3% in February, by 11.3% in Czech Rep
March 27, 2013 | 09:09pm CEToriginalThe sharp decline was showed by all major markets with the exception of UK. Sales declined for 14 months in a row...
read moreChamber of Deputies approved 3% contribution of insurance companies from liability insurance to funding of rescuers
March 27, 2013 | 09:03pm CEToriginalPrice increase of liability insurance, according to CAP, the arguments of proponents and opponents of the amendment to the Law on Insurance...
read morePecenka (Skoda): Czech car market signals improvement in March
March 22, 2013 | 02:57am CEToriginalRegistrations for the first two weeks, downturn easing, growth of Skoda market share, increased deliveries of Skoda Octavia III liftback...
read moreCar sales in EU fell by 10.5% in February, to new February minimum
March 21, 2013 | 03:19am CEToriginalThe only major growth market was the United Kingdom. Skoda also recorded a drop, but its market share remained almost the same...
read moreSikora (CAP): Damage liability to become several times more expensive in Czech Rep in 2013
March 20, 2013 | 12:58am CEToriginalThe first price increase at the beginning of the year, two more increases, relation to payments to emergency workers, the system where insurers obligatorily do loss business…
read moreSDA: Exports of short-term registered new cars from Czech Rep increased by 30% in 2012
March 18, 2013 | 03:43am CEToriginalThese cars apparently accounted for 7% of total registrations. Most exported brands, destinations, the import of newish cars to the Czech Republic...
read moreThirty-five HEVs and one EV registered in Czech Rep in February
March 10, 2013 | 11:27pm CEToriginalIn the first two months of 2013, there were 74 HEVs and 4 EVs registered. Along with traditional Japanese and French brands another Kia car has been added...
read moreSales of new cars in Czech Rep down by 22% in January, waiting for new Skoda Octavia
March 6, 2013 | 12:25am CEToriginalResults of the brands, growth in demand for trucks and buses, SDA’s outlook for Q1 and Q2...
read moreSales of commercial vehicles in EU fell by 10.6% in January
March 4, 2013 | 02:50am CEToriginalAll major markets except for UK showed a significant decrease. In the Czech Republic, sales decreased was less...
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 moreCAP: Insurers in Czech Rep revealed fewer frauds for more money in 2012
February 28, 2013 | 11:39pm CEToriginalThis trend has also been seen in the car insurance. Reasons, organizational changes in insurance companies, focus on the most serious frauds...
read moreHedrich: We aim to sell 90% of Lexus and 10% of Toyota HEVs in Czech Rep prospectively
February 28, 2013 | 12:25am CEToriginalSales in 2012, customer response to the hybrid revolution, orders and plans, new models, the Toyota Insurance Komplet with a 2.55% rate...
read moreVosicky (Hyundai): Czech car market to fall by about 5% in 2013
February 27, 2013 | 12:56am CEToriginalHyundai's growth, strengthening of fleet sales, demand for LPG, expansion of drives with CNG, the effort to succeed in government procurement...
read moreCSOB Leasing moved up to second place in 2012, being first in corporate finance
February 20, 2013 | 11:57pm CEToriginalBusiness results in individual commodities including cars, financing of large investments in CSOB Group...
read moreCar sales in Europe down by 8.5% in January, at lowest level since 1990
February 20, 2013 | 01:14am CEToriginalSome countries and carmakers registered double-digit declines. Skoda with a slight drop in sales increased its market share...
read moreBasset (Renault): Czech car market to fall in 2013 similarly as in 2012
February 18, 2013 | 02:35am CEToriginalMarket development in 2012, the growth of re-exports, optimistic and pessimistic outlook for 2013...
read moreEuropean car and component manufacturers welcome EU-US plan on free trade zone
February 15, 2013 | 01:35am CEToriginalThe vision of involved parties, benefits, timing of meetings, contribution to GDP, the expression of ACEA, CLEPA and VDA...
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