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Fuel For Thought [S3|E2] - Market dynamics in the first year of the pandemic
Bjoern Huetter, Ali Khalili and Kristen Balasia talk about 2020 year in review around the globe; an unprecedented year for the automotive industry.
Fuel For Thought [S3|E1] - CES 2021 Roundup
Kristen Balasia, Mark Boyadjis and Brian Rhodes talk about the future of technology and CES 2021 virtual event roundup.
An Automotive Minute [S2|E45] Global-US Sales Outlook with Chris Hopson
IHS Markit projects new light vehicle sales of 83.4 million units globally in 2021, up 9% from a 2020 projection of 76.5 million units, as industry demand levels emerge next year in the wake of recovery from the COVID-19 pandemic – especially in major markets.
Looking at the U.S. auto demand environment, the sequential rise in sales levels from the April 2020 trough reflects that consumers that were willing, ready and able to purchase a new vehicle did so. While the pace of growth for auto sales flattened out after September, IHS Markit expects continued growth in auto demand levels in 2021, supported by sustained economic development from better-than-expected news on vaccines and likely economic stimulus.
IHS Markit projects US sales volume to reach 16 million units in 2021, up an estimated 10% from the projected 2020 level of approximately 14.5 million units. The pace of sales is anticipated to be stronger in the second half of the year, following the expected widespread availability of the vaccine by summer.
I’m Chris Hopson with an IHS Markit Minute.
An Automotive Minute [S2|E44] Parts Constraints with Michael Robinet
Part suppliers have their hands full these days. After surviving more than two months of virtually no vehicle output earlier this spring – production in North America has been on a tear.
Total North American output should reach 13 million light vehicles – a remarkable achievement. Consumers have re-engaged into the market - now finding that inventory of several popular vehicles to be slimmer than expected.
One group feeling the pressure are parts suppliers - dealing with increasing COVID restrictions in many regions are thus having difficulties finding qualified labor to keep up with demand. Absenteeism and employee turnover are at heightened levels.
These issues are not just in North America. Low inventories of microchips and semi-conductors from various locations in Asia are causing concern throughout the global industry. Just when the industry should be enjoying a volume revival – there is no rest for the weary. This has been Michael Robinet with an IHS Markit minute.
An Automotive Minute [S2|E43] EV Adoption with Stephanie Brinley
Electric vehicle production and platform announcements continue to pepper the landscape. EV development has been underway in earnest, and we are at the edges of an explosion in production as a result. IHS Markit forecasts EV global production could rise to 15% of total light-vehicle production in 2027, bringing a wave of new products.
With this next phase of EV maturation, development has been focused on vehicles that consumers want. At the same time, publicly available charging and infrastructure networks are improving. The combination of products aligned with consumer uses and demand, more choice and better infrastructure are essential to consumer adoption.
However, over the first three quarters of 2020, electric vehicle registrations accounted for only 1.58% of the US light-vehicle market, while the industry is ramping up to support a much higher share of market. Though growth in the coming years will be strong, we may also see near-term production increase faster than consumer demand.
I’m Stephanie Brinley and this has been an IHS Markit Minute.
Fuel for Thought [S2|E11] - Automotive Scenarios for 2021 — The Virus and the Vaccine
Kristen Balasia, Peter Nagle and Mark Fulthorpe talk about automotive 2021 outlook, diving into the positive influences and uncertainties, and what we can expect in 2021.