IHS Markit Report: Where Will Transportation Drive Global Oil Demand?
Despite the potential for dramatic changes in the transport sector in coming years, the slow rate of global passenger vehicle fleet turnover likely means the impact on oil demand and key sources of supply such as Canadian oil sands will be gradual, IHS Markit says.
Vehicles Getting Older: Average Age Of Light Cars And Trucks In US Rises Again In 2016 To 11.6 Years, Says IHS Markit
Registrations for light VIO, including cars, light trucks and SUVs/CUVs in the U.S. also reached a record level of more than 264 million – an increase of more than 6.2 million (2.4 percent) since last year. This represents the highest annual increase the auto industry has seen in the U.S. since it began tracking VIO growth – breaking the record of 2.1 percent growth set in 2015.
Global Automotive Aftermarket Opportunities Continue To Grow, Says IHS Markit
“Some believe high new vehicle sales is not a good thing for the aftermarket,” said Mark Seng, director, global automotive aftermarket practice at IHS Markit. “However, I don’t see it that way. Anytime you are adding vehicles to the fleet that’s a good thing. It’s our new business pipeline if you will. Simply more vehicles to repair down the road.”
IHS Markit Experts To Share Auto Aftermarket And Commercial Vehicle Trends At AAPEX 2016
IHS Markit also will demonstrate its suite of solutions for the global passenger and commercial vehicle aftermarket at its exhibit during the show.
Auto Care Association, IHS Markit Announce Fourth Webinar In Industry Analysis Webinar Series
The webinar, “Five Trends in Five Minutes: Trends Affecting the Aftermarket Environment,” will be presented by Mark Seng, global aftermarket practice leader, IHS Markit, at 2 p.m. ET. on Nov. 9.
Norway Continues Efforts Toward A Sustainable Future, Leading Global Electric Vehicle Market, IHS Markit Reports
Based on analysis of new vehicle registrations during the first quarter 2016, one out of every three vehicles registered in Norway during the quarter was a plug-in electric vehicle, reflecting more market penetration in Norway than any other major market tracked by IHS Markit within the index.
Auto Care Association, IHS Markit Announce 3rd Webinar In Industry Analysis Webinar Series
The third webinar, “Navigating the Waters with an Eye on the Horizon: Implications for the Automotive Aftermarket,” will be presented by Mike Wall, director, automotive analysis, IHS Markit, at 2 p.m. ET on Wednesday, Sept. 21.
Auto Care Association And IHS Markit Announce Second Webinar In Industry Analysis Webinar Series
The second webinar, “The Connected Car 2016 – Electronics and Software Impacting the Service Car Industry,” will be presented by Colin Bird, IHS senior automotive analyst, IHS Markit, at 2 p.m. ET on Wednesday, Aug. 17.
Consumers Crave Advanced Technology In New Vehicle Purchases, IHS Markit Survey Finds
IHS Automotive analysts sought to understand which services are must-haves for consumers intending on purchasing a new vehicle for personal use in the next three years, as well as gain an understanding on the propensity of consumers who would be willing to pay for these advanced technologies and assess how much they would be willing to spend.
IHS And Markit To Merge, Creating A Global Leader In Information, Analytics And Solutions
The combined company creates a global information powerhouse with leading positions in energy, financial services and transportation, serving a global customer base. The merger creates revenue opportunities of $100 million.
