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Luxury Utility Share Climbs Above 50% https://t.co/ZHpoVAnuRJ
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Tesla has announced that all of its electric vehicles will now be built with the hardware necessary to support full self-driving capability, including the upcoming Model 3. The Model S and Model X can be ordered with the technology today. IHS Markit Perspective Significance: Tesla CEO Elon Musk has..more
New registrations of luxury utilities have passed another milestone: they now account for more than half of all US luxury registrations. Luxury utilities’ share of the luxury vehicle market has climbed more than 13 percentage points in the past five years to 51.3% through seven months in 2016 (see chart below). Much of this increase has been propelled by the co..more
Hyundai has opened a new plant in China and Honda is planning a new compact car factory. As the fight for market share increases, automakers in China are also aiming to raise production capacity rapidly to gain from sales growth spurts. IHS Markit Perspective Significance: Without sufficient capacity, automakers are restrict..more