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Last year was a challenging time for the electric car market, but plug-in hybrid electric vehicles (PHEVs) are experiencing significant growth, according to a new report. Manufacturers like BYD have expanded their PHEV offerings, leading to a surge in PHEV sales. However, the future of this segment still points to all-electric.
So when examining whether or not manufacturers will start to bring those vehicles into showrooms as used cars, its not a bright picture. So with that top of mind as well, we’re seeing those numbers decline up to 2027; 2028 we see it pick up, he said. He noted that his group looks at the market on a 48-month level.
Source: Automotive Tire Manufacturers Association of India. Indian tire demand is expected to grow by a compounded annual growth rate (CAGR) of more than 7% during the next five years to reach 290 million units in the 2028 financial year. Source: Society of Indian Automobile Manufacturers. billion by the 2028 financial year.
The average age of cars and light trucks in the U.S. With more than 110 million vehicles in that sweet spot – reflecting nearly 38% of the fleet on the road – we expect continued growth in the volume of vehicles in that age range to rise to an estimated 40 percent through 2028.” has risen again to a new record of 12.6 in January 2023.
The average age of cars and light trucks in the U.S. With more than 110 million vehicles in that sweet spot – reflecting nearly 38% of the fleet on the road – we expect continued growth in the volume of vehicles in that age range to rise to an estimated 40 percent through 2028.” has risen again to a new record of 12.6 in January 2023.
by leading film manufacturers. CAGR during the 2021-2028 forecast period ( Grandview Research ). Paint protection film is applied to the painted surfaces of a new or relatively new car to preserve the vehicle’s appearance and maximize its resale value. automotive wrap film market is expected to grow at an 18.8%
Source: South African Tyre Manufacturers Conference (SATMC), the industry body representing the four tire-producing companies in South Africa. Cars built under the license of foreign brands are the mainstay. The country aims to produce 1% of the world’s cars, or 1.4 Source : South Africa Tyre Manufacturing Council.
Source: South African Tyre Manufacturers Conference (SATMC), the industry body representing the four tire-producing companies in South Africa. Cars built under the license of foreign brands are the mainstay. The country aims to produce 1% of the world’s cars, or 1.4 Source : South Africa Tyre Manufacturing Council.
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