analysts Archives - Page 2 of 50

Transport Research and Innovation Portal (TRIP) to be run by Ricardo-AEA

Ricardo-AEA has been awarded a major three-year contract to run the European Commission’s Transport Research and Innovation Portal (TRIP) – a public, online platform that shares up-to-date information on transport research projects and activities across Europe.

Over the next three years, Ricardo-AEA, together with its partners TRT Trasporti e Territorio, the Czech Transport Research Centre (CDV), Fraunhofer ISI, the University of the Aegean and TEPR, will update and verify TRIP’s existing content, adding in new findings from the latest transport research programmes.

16th January 2015/by Tyrepress Editors

Is Continental’s 4Q EBIT preview a low-level profit warning?

Company News

Shortly after Continental AG pre-released its fourth quarter 2014 results at the North American International Auto Show in Detroit on Monday 12 January 2015, the company also previewed estimated fourth quarter pre-tax profits. The problem is that while the majority of the advance figures were broadly in line with expectations, the pre-tax profit (EBIT) figure wasn’t. So with this in mind it begs the question of whether Continental executives are preparing the market for a lower than expected result when the final figures are published on 5 March 2015.

13th January 2015/by Tyrepress Editors

Saudi Arabia tyre market to follow vehicle market expansion

International News

In 2013, about 0.74 million units of commercial vehicles and passenger cars were sold in Saudi Arabia, giving the Kingdom one of the highest per capita vehicle totals globally. However, virtually all of this is imported as Saudi Arabia is also home to a huge vehicle production deficit. Nevertheless, a new report distributed by Bharat books suggests expanding growth potential in the automobile sector is attracting several vehicle manufacturers to Saudi Arabia.

8th January 2015/by Tyrepress Editors

12% CAGR projected in Thailand tyre market

International News

The tyre market in Thailand is forecast to grow at a CAGR of more than 12 per cent between 2014 and 2019. Anticipated double digit growth in automobile production, expanding automobile fleet size, upcoming important infrastructure developments and growth-focused initiatives being undertaken by the government are expected to propel tyre sales in the country through 2019.The two-wheeler tyre segment accounted for the largest market share in 2013, followed by commercial vehicle, passenger car and OTR tyre segments. While the two-wheeler tyre segment is expected to retain its dominance, in volume terms, in the Thailand tyre market, the passenger car tyre segment is expected to surpass the commercial vehicle tyre segment and capture the second largest market share by 2019.

8th December 2014/by Tyrepress Editors

Report: Philippines tyre market to experience double digit growth

International News

The tyre market in the Philippines is forecast to grow at a CAGR of about 13.85 per cent between 2014 and 2019, according to a report published by TechSci. The report suggests the growth will be fuelled by a growing vehicle parc, infrastructure development and growth-focused initiatives taken by the government. While two-wheeler tyres accounted for a majority of the market share in 2013, the NCR region remained the highest contributor in tyre sales due to a large population living in the region and rapid development in industries located in the region.

8th December 2014/by Tyrepress Editors

Comment: Roll on 2015

Company News, Editorial/Comment, UK News

As the evenings draw in and the temperatures drop, people not only make preparations for Christmas, but also consider the pros and cons of the last 12 months as well as look forward to next year. When it comes to the tyre business it is no different, I am sure we are all looking forward to our Christmas break – but this is also the season for stock-taking, both metaphorical and literal.

28th November 2014/by Tyrepress Editors

Everything pointed to UK tyre market growth in 2014, but…

Premium, UK News

Without being too dramatic, 2014 was a bit of a disappointment. All the macroeconomic and sector-specific indicators seemed to point to 2014 being the year when the tide turned and when sell-out replacement tyre volumes finally started growing again. And yet the market looks like it is going to be down again when the full-year 2014 figures come in. Despite being a fully mature market, the UK car tyre replacement sector has basically been on varying degrees of a downer for the last six years. Things are not as bad as they were, but they certainly aren’t showing the signs of slow, stable growth they once were. With all this in mind, Tyres & Accessories spoke with GfK automotive account director Kevin Glynn in order to get a handle on what happened this year and what we can expect in 2015.

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27th November 2014/by Tyrepress Editors

Total tariff load could be between 45 and 50%

International News

When you add the standard preliminary countervailing charge of 15.69 per cent to the predicted anti-dumping tariff of between 25 and 35 per cent, it means we are looking a total potential tariff load in the region o 40 to 50 per cent. Writing in an investor’s note published immediately after the Department of Commerce announcement, SunTrust Robinson Humphrey analyst Robert Higginbotham certainly suggested as much: “We believe in the middle to upper end of expectations. Countervailing typically the smaller of the two pieces (the other being antidumping); today’s decision [24 November] implies a total tariff in the range of 45-50 per cent.

25th November 2014/by Tyrepress Editors

Analysts predict Chinese tyre anti-dumping duties of 25 – 35%

International News, Legislation

Following the news that the US Department of Commerce (DoC) had set the preliminary countervailing duty for Chinese consumer tyres, market analysts have begun estimating what they think the outcome of final determinations will be when they are announced on 6 April 2015. Preliminary details of anti-dumping duties are expected in January 2015. Writing in […]

25th November 2014/by Tyrepress Editors

New UK tyre market report published

UK News

Market research publisher Bharat books has released a new report on the UK tyre market. Introducing the new product, the company contexualises the research against the backdrop of “anticipated growth in the UK automotive industry and expansion in the overall automotive fleet”, saying these markets are “expected to boost tyre demand in the United Kingdom”. Without giving any further details, the publisher suggest that there are “growing online sales of replacement tyres” and “rising demand for retreaded tyres, especially in commercial vehicles”.

20th November 2014/by Tyrepress Editors

Malaysian tyre market to grow 9% (CAGR) in next five years

International News

The Malaysian tyre market is forecast to grow 9.15 per cent (compound annual growth rate – CAGR) in terms of value in the period between 2014 and 2019. That’s the view of the recently released TechSci Research report, “Malaysia Tyre Market Forecast & Opportunities, 2019”. According to the report, some of the key factors driving the market include increase in volume sales of automobiles, expansion in vehicle fleet size, introduction of favorable government policies and rise in foreign investments within the automotive industry in Malaysia.

10th November 2014/by Tyrepress Editors

2014 Eastern European trailer market flatlining

International News, Product News

The instability in both Ukraine and Syria has had a real impact on the outlook for trailer demand, indeed the East European trailer market is said to be flatlining in 2014. According to a new report produced by Clear International, nearly 7,000 trailers have been wiped from the forecast for the 2014/15 period. That is in addition to the reductions made to the last forecast in March this year following the annexation of Crimea. The forecast reductions affect Russia, Ukraine, Estonia and Latvia, plus Turkey which borders Syria.

29th October 2014/by Tyrepress Editors

China passenger car vehicle market ‘to continue upward trend’

International News

While some market analysts are pointing to the end of the 20 per cent annual growth “dream” attached to the seemingly perpetually growing Chinese domestic passenger car vehicle market, others point to the continuance of an “upward trend”. A new analysis of the automotive market in China produced by HIS should be counted amongst the optimists and suggests “significant growth opportunity continue in many of the country’s provinces, however, some provinces will start to see growth rates change significantly”. According to IHS Automotive forecasts, passenger vehicle volumes in the country as a whole are expected to rise more than 10 million units by 2026. And thus the detail is not as far apart from the opposing thoughts as it may first seem.

20th October 2014/by Tyrepress Editors

Analysts: Conti’s rubber outperformance is good, but guidance is in line

Company News

Financial analysts have offered their response to Continental’s second quarter financial results, welcoming outperformance (particularly in the tyre division), but also pointing out that increases in guidance simply bring the firm in line with consensus expectations.

31st July 2014/by Tyrepress Editors

Analysts: Michelin 1Q figures below consensus

Company News

Following the publication of Michelin’s first quarter 2014 revenues, which show a 2.4 per cent drop in group sales, market analysts have responded by pointing out that the 4.758 billion euro figure fell just short of the 4.765 billion euro average of expectations. Nevertheless Michelin has held to its 2014 objectives including increasing volumes 3 per cent; increasing operating income before non-recurring items; and achieving structural free cash flow of greater 500 million euros along with capital expenditure of 2 billion euros.

25th April 2014/by Tyrepress Editors

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