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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
EU new cars sales fell by 9.7% in February, by 11.8% in euro area
March 16, 2012 | 04:05am CEToriginalThe reason is the continued decline in demand in south-western Europe. The results of individual countries and brands, growing market share of Skoda...
read moreCzech drivers fictitiously sell cars due to cheaper damage liability
March 14, 2012 | 02:42am CEToriginalInsurance companies along with the Czech Insurers’ Bureau are analyzing the situation and preparing measures. Statements of a broker Ceske pojisteni and insurance companies...
read moreOICA: Global automobile production increased by 3% to record 80.1 million in 2011
March 12, 2012 | 12:09am CEToriginalProduction in the EU increased, but it is still below the pre-crisis level of 2008. Details of individual regions, expectations in 2012...
read moreSales of new cars in Czech Rep up by 5.4% in February, sales of LCVs by 4.6%
March 7, 2012 | 02:24am CEToriginalTruck registrations went down, but rose for buses. The growth was driven by Hyundai, Skoda, Nissan, Peugeot, Kia and Citroen. Details...
read moreCeska pojistovna transferred rendition of assistance services under Generali Group
March 2, 2012 | 02:46am CEToriginalContractors will be replaced by a JV with Europ Assistance. Statistics of assistance interventions, head of the new company CP Asistence, transfer of employees, future od SOS Assist...
read moreSales of new cars in EU down by 7.1% in January, fourth month in a row
February 17, 2012 | 02:17am CEToriginalThe decline was mitigated by CEE markets like the Czech Republic, Slovakia, Poland, Hungary and Romania. Apart from Hyundai and Kia brands, Skoda grew as well. Details, a comment by KPMG...
read moreVZP begins to penetrate automobile insurance
February 8, 2012 | 01:33am CEToriginalThe license for accident insurance from CNB, the premiums in 2011, current products and target group...
read more17 HEVs and one EV were registered in Czech Rep in January
February 7, 2012 | 04:07am CEToriginalAmong them, there are cars of Toyota, Lexus and Honda brands, as well as the Audi Q5 Hybrid and Mercedes-Benz Vito E-Cell. Specifications and prices of the novelties...
read moreSales of new cars in Czech Rep increased by 10.6% in January, LCV sales by 21.9%
February 6, 2012 | 12:52am CEToriginalRegistrations of trucks and buses also increased. Growth was driven by Hyundai, Skoda, Volkswagen, Nissan, Peugeot, Chevrolet and BMW. Details...
read moreMarket for car insurance fell by 6.3% in Czech Rep in 2011 at growth in number of insured vehicles by 1.9%
February 6, 2012 | 12:48am CEToriginalHowever, according to CAP, car insurance prices will not further fall in 2012. The results of insurance companies, a new member of Pojistovna VZP...
read moreNumber of cars insured under damage liability in Czech Rep up by 126,000 (+1.9%) in 2011
January 30, 2012 | 12:57am CEToriginalThe growth was driven by Ceska podnikatelska pojistovna. A decline registered by Ceska pojistovna and Generali, collapse in prices, loss of this type of insurance...
read moreDozens of companies from Czech Rep supply components for new Ford Focus
January 26, 2012 | 01:13am CEToriginalSeventeen of them applied for the Supplier for the Car of the Year 2012 in the Czech Republic. Witte supplies parts to four finalists of the Car of the Year...
read moreCar of the Year 2012 in Czech Rep: Ford Focus became winner
January 24, 2012 | 11:27pm CEToriginalThe jury selected a representative of the lower middle class in the finals, which is the most voluminous segment in respect of sales. Evaluation of the jury...
read moreSales of new cars in EU fell in December, third month in row
January 18, 2012 | 12:18am CEToriginalOver the full year 2011 the sales decline reached 1.7%. Results in individual markets, KPMG’s comment...
read moreStatistics of new car registrations in Czech Rep to undergo several changes in 2012
January 13, 2012 | 12:04am CEToriginalChanges are related to membership in the Car Importers Association (SDA) and vehicle drives...
read moreNewly formed company KOPP wants to recover unpaid amounts for amortization from insurers in Czech Rep for people involved in accidents
January 12, 2012 | 11:49pm CEToriginalThe company relies on findings of the Constitutional Court in 2008. The company founder, branches, previous achievements, reaction of CAP...
read moreProject of stickers of Czech Car Importers Association delayed
January 12, 2012 | 04:20am CEToriginalImporters inquired dealers and service shops whether they wish to participate, and the implementation has recently been launched. The reasons for the delay...
read moreSales of new cars in Slovakia up by 6.5% in 2011
January 11, 2012 | 04:05am CEToriginalIt was thanks to strong H1, because H2 was weaker. The dominant brand Skoda further strengthened its position, followed by VW and Kia...
read moreSales of new cars in Czech Rep should stagnate or decline slightly in 2012
January 10, 2012 | 12:40am CEToriginalPrices should not change much in most segments and should go up in the premium segment slightly. The outlook of SDA and PwC...
read moreSales of new cars fell by 0.7% in Czech Rep in December, LCV sales rose by 33%
January 6, 2012 | 02:21am CEToriginalRegistrations of trucks and buses went up. The largest growth was showed by brands Ford, Renault, Skoda a Dacia. Details...
read moreCar of the Year 2012 in Czech Rep: Skoda Citigo, Ford Focus, Audi A6, Range Rover Evoque and Porsche 911 qualified for finals
January 2, 2012 | 11:38pm CEToriginalThe public with a panel of experts agreed on the winner in three of the five categories...
read morePekny (SDA, Kia): New car market in Czech Rep to rise by about 2.2% in 2011
December 26, 2011 | 11:30pm CEToriginalAccording to SDA, corporate customers dominated the sales. The share of re-exports...
read moreCar sales down by 3.5% in EU in November
December 18, 2011 | 11:45pm CEToriginalThe pace of decline accelerated from 1.8% in October. According to KPMG, the reason is problems of the euro area and emerging second wave of postponing car purchases...
read moreSales of new cars up by 4.5% in Czech Rep in November, sales of LCVs by 10.2%
December 6, 2011 | 01:11am CEToriginalRegistrations of trucks went up as well, registrations of buses fell. The growth was driven by brands Hyundai, Volkswagen and Kia. Details...
read moreMartin Jahn to lead Czech Automotive Industry Association for two more years
December 5, 2011 | 12:06am CEToriginalPavel Juricek was confirmed as vice president and the representatives of Hella Autotechnik and Skoda Auto were newly elected. A new agreement with the unions...
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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...
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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...
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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...
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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...
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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