Ford wins Overall Loyalty to Make, and Volkswagen wins new Most Improved Alternative Powertrain Loyalty to Make award.
Firm says global light vehicle production will be impacted well into 2022.
Analysis of new vehicle registration data through June indicates that the overall brand loyalty rate of 51% in the U.S. market is the lowest since August 2015.
Ford wins Overall Loyalty to Make and Tesla wins in three categories, including new Alternative Powertrain Loyalty to Make.
According to IHS Markit, sport utilities account for 50% of all new vehicle registrations, up from 31% 10 years ago.
Research from IHS Markit shows COVID-19 accelerating an already established trend on vehicle age.
More than 11.2 million light vehicles equipped with some form of Vehicle-to-Everything (V2X) system will be produced globally in 2024, representing 12 percent of the light vehicle fleet, according to IHS Markit.
Study says by 2040, vehicle miles traveled will have grown to an all-time high of around 11 billion miles per year (a 65 percent increase since 2017) in China, Europe, India and the U.S., and sales growth of new light-duty vehicles will slow substantially.
IHS Markit Experts to Share Auto Aftermarket, Commercial Vehicle and Technology Trends at AAPEX 2017
Leaders from the aftermarket, commercial vehicle and technology teams at IHS Markit will take part in the convention program this year and will be available for interviews during the event.
Global revenue from automotive telematics systems will grow at a compound annual growth rate (CAGR) of nearly 17 percent to more than $6.7 billion by the end of 2023, according to new research from business information provider IHS Markit.
Rear-view and side-view mirrors will become increasingly sophisticated over the next decade, so much so that they might not exist as we know them today.
New research by IHS Markit indicates that consumers are clamoring for advanced driver-assist systems (ADAS) as standard features on new vehicles.