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ANNUAL & QUARTERLY Updates: INDUSTRY: Auto Ancillary (XC - ANC) The Auto Ancillary industry has been growing at the rate of 9.35% in the last 10 years. In FY 2024, the industry clocks aggregate Net Sales of ₹ 222,819 crore which displays a growth of 8.13% against FY 2023. Similarly, the aggregate Net Profit for FY 2024 is ₹ 20,613 crore, a growth of 54.52% against FY 2023. On a quarterly basis, in MAR 2024, the industry clocks aggregate Net Sales of ₹ 55,394 crore which displays a year-on-year growth of 10.40%. Similarly, the aggregate Net Profit for MAR 2024 is ₹ 5,328 crore, a year-to-year growth of 26.31%. #autoindustry #autoancillary #nifty #annualresult #quarterlyresult

Figures from the Society of Motor Manufacturers and Traders (SMMT) reveal that 2023 was the best year for the UK's new car market since the pandemic; December 2023 was its 17th month of consecutive growth. 1.903 million new cars reached the road during 2023 – an increase of 17.9%. The SMMT reports that growth was driven entirely by fleet investment as the previous year’s supply constraints faded and helped fulfil pent-up demand. Fleet deliveries rebounded by 38.7% year on year, while business registrations, a small proportion of the market, fell by 1.5%.

Figures from the Society of Motor Manufacturers and Traders (SMMT) reveal that 2023 was the best year for the UK's new car market since the pandemic; December 2023 was its 17th month of consecutive growth. 1.903 million new cars reached the road during 2023 – an increase of 17.9%. The SMMT reports that growth was driven entirely by fleet investment as the previous year’s supply constraints faded and helped fulfil pent-up demand. Fleet deliveries rebounded by 38.7% year on year, while business registrations, a small proportion of the market, fell by 1.5%.

The European #car market decelerates. New deliveries slipped in negative territory for the first time in 16 months after post-pandemic catch-up effects run out of steam. The slowdown in order intake and economic headwinds (such as higher interest rates) suggest that we may expect the European car market recovery to stall in 2024. Find our latest insights on #automotive here: https://lnkd.in/g6FQb9z #ING

The Australian automotive market achieved a huge milestone in 2023, with an all-time record for new vehicle sales of 1,216,780, surpassing the previous high of 1,189,116 in 2017. The 2023 figure represents a 12.5 per cent increase on 2022 numbers. When reviewing the 2023 sales by segment, the SUV market dominated with 55.8% of the sales, followed by Light Commercial with 22.5%, Passenger at 17.4% and Heavy Commercial at 4.3%. With reduced supply chain disruptions and greater access to vehicle choices, finance brokers are well-placed to support their customers with more car finance options in 2024. #platformfinance #vfacts #carsales #carfinance #carloan

No better feeling than new wheels! Make sure you're covered while on the road, while keeping $$$ in your pocket. Connect today for an auto quote, and let us provide you with options through our top-rated carriers! #autoinsurance #autoquote #rangeroveratlanta #atlantageorgia

Auto sales in the U.S. beat initial expectations for 2023 as the seasonally adjusted annual rate increased year over year on pent-up consumer demand. #autofinance #autoindustry SAAR outpaces early forecasts | Auto Finance News https://hubs.la/Q02fW4V50

With the purchase of E-Bikes on the rise, be aware that some insurers are not keen on covering them, some will do so up to a certain power output/ max speed etc but also be aware that there may be an increased risk of fire with these whilst charging. Have a read of this article: https://lnkd.in/eHxK9eRb

Great insights from our friends at JM&A Group in their latest Automotive Trends Report! Lots of great data, but this, in particular, caught our attention: "If inventory levels continue to rise, that will put significant pressure on Front PVR, which could result in declines throughout this year. In preparation, it’s important to focus on your processes and sales techniques as competition will get tougher with more options available on dealership lots." What stood out to you? #Automotive #AutomotiveTrends #Dealerships

The Australian automotive market achieved a huge milestone in 2023, with an all-time record for new vehicle sales of 1,216,780, surpassing the previous high of 1,189,116 in 2017. The 2023 figure represents a 12.5% increase on 2022 numbers.   When reviewing the 2023 sales by segment, the SUV market dominated with 55.8% of the sales, followed by Light Commercial with 22.5%, Passenger at 17.4% and Heavy Commercial at 4.3%. With reduced supply chain disruptions and greater access to vehicle choices, finance brokers are well-placed to support their customers with more car finance options in 2024.   #platformfinancewa #vfacts #carsales #carfinance #carloan