BusMarket Group’s Post

The last treasure of the automotive industry... Today, Automechanika Frankfurt – the world's largest trade fair for the automotive aftermarket – is opening its doors and I am looking forward to many new insights on this highly important market segment. While the whole auto industry is under massive pressure, the aftermarket continues to offer very healthy margins and a stable stream of revenues in turbulent times. Therefore, it is no surprise that many market participants (OEMs as well as suppliers and independent aftermarket players) are doubling down on this important business segment. Unlike the new car business that is gradually moving from combustion engines to EVs, the aftermarket for the existing car park will continue to be skewed towards conventional cars for decades to come - offering profit potential for the established carmakers and suppliers. The comprehensive service network coverage of established OEMs is also a key instrument to fend off Chinese car manufacturers in Europe who are still weak on this important element of the value chain. Nonetheless, there are also numerous challenges for the aftermarket: the low new car sales of the past few years as well as the increasing electrification have a negative impact on the business potential while lack of skilled workshop technicians represents a massive growth barrier for many players. Supply chain disruptions and cost inflation have the same negative effects on the business that they have for the overall industry. Irrespective of these challenges, the aftermarket continues to be the last treasure of the automotive industry – preserving and growing the market position will be a strategic imperative for future success in the industry. We at Oliver Wyman are proud to help many of our clients on this journey.

Shanghai Automechanika 2024! After many years visiting @Semashow in USA, this year will be my first time visiting the Chinese worldwide trade show, where almost everyone from this business concentrate their main announcements. The week is being very productive with meetings in the factories that already supply us and inspections are revealing a stronger qualitative position for factories that years ago were not assemblers and now became real industries. Very happy to see this progress! Auto parts are becoming more interactive with automation and AI, requiring better engineering and accurate controls. Our presence here to check and assure the quality of what we buy is very important to keep the safety of our clients and our company’s reputation. It’s very important for buyers to understand and practice the win x win game while doing business. Squeezing suppliers “only” for lower prices can be the dictation of the end for both sides.

Are you ready to revolutionize your business in the automotive industry? Join us at the #1 Expo in Latin America, the Latin Tyre and Auto parts Expo, Central America’s leading auto parts and tires expo, and unlock unparalleled opportunities for growth and innovation! Why Attend the Latin Tyre and Auto Parts Expo? I will give you my top three: 1) Connect with Key Industry Players: Network with top manufacturers, suppliers, and buyers from across Central America and beyond. Forge valuable partnerships and collaborations that could drive your business forward. 2) Expand Your Business Horizons: Whether you’re looking to enter the Central American market or strengthen your existing presence, this expo provides the perfect platform to explore new business opportunities and growth strategies 3) Gain Market Insights: Get firsthand insights into the latest market trends and consumer preferences specific to Central America. Equip yourself with the knowledge to make informed business decisions and stay ahead of industry shifts. Become an exhibitor, reserve here: [email protected]

Join our experts to get the latest insights and trends on vehicles-in-operation!!

The report titled ‘China Automotive Market Development Forecast Report 2024’ shows that from January to November 2023, China's automotive market sales reached 26.938 million units, an increase of 10.8% year-on-year. Sales of new energy vehicles were particularly significant, reaching 8.304 million units, a year-on-year increase of 36.7%. The report forecasts that China's auto market will continue to grow in 2024, with total sales expected to reach 31 million units, up 3% year-on-year. The new energy vehicle market is expected to expand further, with sales projected to reach 11.5 million units, a 20% year-on-year increase. However, the market is also facing challenges, including the sustainability of economic recovery, consumer confidence, uncertainty in the global trade environment, and price trends. To address these challenges, the auto industry should focus on expanding domestic demand, consolidating the fundamentals of foreign trade and foreign investment, promoting the construction of ecological civilization and green, low-carbon development, and maintaining the continuity and stability of policies to boost market confidence. Additionally, deepening reforms in key areas will inject momentum into the high-quality development of the automotive industry. #Lightweight #LightweightAsia2024 #automotivemarket To learn more about the market trends, stay tuned to Lightweight Asia 2024 Date: 03-05 July 2024 Venue: Shanghai New International Expo Center  Learn more：https://lnkd.in/gid2RGSb

Celebrating 25+ Years of Excellence: INA PAACE Automechanika Mexico! As part of Automechanika Frankfurt's global network of 14 #events across 4 #continents, INA PAACE Automechanika Mexico City has been Latin America's premier automotive showcase for over a quarter-century. In continuation of our #Global #Connections series, we reveal the powerful partnership behind its success. Joining us is Paul McCarthy, President and CEO of MEMA Aftermarket Suppliers, who provides unique insights into the collaborative efforts of Automechanika Frankfurt, INA Industria Nacional de Autopartes, A.C., Messe Frankfurt GmbH, Messe Frankfurt North America, and MEMA Aftermarket Suppliers. 🎥 Through his perspective, we explore how this alliance has not only overcome challenges but also set new industry benchmarks, transforming this event into a true catalyst for the #automotive sector's evolution. 💡 Here's an #insider's look at this remarkable partnership—one that has not just endured but #thrived by continually #adapting to the ever-changing global automotive landscape. #INAPAACEAutomechanika #GlobalSynergy #AutomotiveInnovation

To all car dealers in Europe 👉 VIP Invitation 🚗 🚚 European Automotive Dealer Summit 👉 https://lnkd.in/e4TH_FTq As the European Commission settles into its mandate, in collaboration with major European automotive associations (Mobilians, ZDK, FaconAuto, Traxio), we are bringing together distribution groups to share business challenges and opportunities and to advocate for our collective interests. Join us in Brussels, December 11th-12th, and register here 👉https://lnkd.in/ea73KBFd The automotive distribution market faces numerous challenges, environmental urgency, technological advancements, regulatory frameworks, and evolving consumer expectations. How can we transform these constraints into business opportunities? This is one of the key questions that will be explored at the European Automotive Dealer Summit in early December in Brussels.

𝗜𝘀 𝘆𝗼𝘂𝗿 𝗮𝘂𝘁𝗼𝗺𝗼𝘁𝗶𝘃𝗲 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗵𝗮𝗶𝗻 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗲𝗻𝗼𝘂𝗴𝗵 🚀 ? Industry leaders leverage Samsung SDS' global logistics services and the in-house developed Cello IT system to innovate and future-proof their supply chains. In automotive logistics, getting the right parts at the right time according to your production schedules is key. Samsung SDS offers a variety of specific logistics services for the automotive industry from logistics hotspots. Giving you full access to your European customers. Would you like to know what the benefits can be for the supply chain of your automotive products? Make sure you visit us at booth A20 in hall 6.1 and connect with our automotive experts Paul van Otterdijk, Mustafa Chehaitli, Rafael García-Casal Anderten, Dulce Lozada Rojas and Pero Miletic. Automechanika Frankfurt is the leading trade fair where automotive professionals connect with the future of the industry! 📅 10 – 14 September 2024  📍 Frankfurt, Germany #SamsungSDS #CelloSquare #Logistics #SupplyChain #SCM #GlobalLogistics #Automotive #AutomotiveIndustry #AutomotiveTires #AutomotiveParts #AutomotiveLogistics #PartsLogistics #JoinTheLogisticsRevolution #WeAreSamsungSDS

China Automotive Industry Market In-depth Assessment and Investment Opportunity Forecast Report 2024-2030’ (hereinafter referred to as the ‘Report’) launched by Wisdom Research Consulting provides a comprehensive overview and in-depth analysis of China's automotive market. Since its inception, China's automobile industry has achieved remarkable results after decades of development and has now become a global powerhouse in automobile production and sales. The development of China's automotive industry has not only led to advancements in automotive manufacturing but also promoted the continuous improvement of the automotive industry chain. This includes the manufacture of auto parts, automotive sales, repair and maintenance, and second-hand car trading, forming a complete system within China's automotive industry chain. With the continuous development of China's economy, the advancement of science and technology, and the enhancement of automotive intelligence and Internet connectivity, the scale of China's automotive industry continues to expand. Data shows that in 2023, China's automobile manufacturing industry had total assets of 108.6683 trillion yuan, an 11.7% increase year-on-year; operating income was 100.9758 trillion yuan, an 8.7% increase year-on-year; and total profit was 508.63 billion yuan, a 4.4% decrease year-on-year. Automobile lightweighting can reduce fuel consumption, lower usage costs, and reduce various pollutant emissions. In recent years, China has issued related policy documents such as ‘Made in China 2025’ and the ‘Parallel Management Approach for Average Fuel Consumption of Passenger Car Enterprises and New Energy Vehicle Points.’ These documents indicate that automotive lightweight technology is a key breakthrough direction and development trend in the current automotive industry. #Lightweight #LightweightAsia2024 #automotiveindustry To learn more about the market trends, stay tuned to Lightweight Asia 2024 Date: 03-05 July 2024 Venue: Shanghai New International Expo Center  Learn more：https://lnkd.in/gid2RGSb

Join us next Tuesday at 12:00 in #Automechanika to discuss the 'Key influencing factors that will change the #Aftermarket dynamics'! Together with Berylls by AlixPartners and CLEPA - European Association of Automotive Suppliers, and with the support of Automechanika Frankfurt, we developed a very insightful study highlighting the trends, technologies, and market dynamics that will shape the future of the #Automotive sector. Don't miss it! #RightToRepair #IndependentAftermarket