Tagged: News

A new tool for Automotive News Data Center subscribers

A new tool for mining Experian’s registration data is available for subscribers to the Automotive News Research & Data Center.

Full-access data center subscribers can now use Experian’s Velocity platform to create custom queries and charts using the company’s new- and used-vehicle registration data from across the U.S., as well as Experian loyalty and vehicles in operation data.

Using Experian Velocity, subscribers can create custom views of vehicle registrations by make, model, class, drivetrain and fuel type, including electric vehicles and hybrids. They can also explore Experian’s analysis of conquest and defection rates.

Experian Velocity joins an array of tools

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Invygo raises $1.9m pre-series A funding – News

Pre-series A round welcomes participation from SPV, Knollwood, JS Group, and Saudi Arabia based family offices

invygo, the Middle East’s car subscription services, has raised $1.9 million (SAR 7.12 million) from new and existing investors. The pre-Series A round included participation from Signal Peak Ventures, JS Group, Wealth Well and once again from Knollwood Investment Advisory. This round also had participation from Saudi Arabia’s Dr. Faisal Al Kadi, Khalid AlKhudairi, Ahmed Alola and other leading family offices in the Kingdom.

Founded in 2018, invygo pioneered the Middle East’s car subscription ecosystem, transforming consumers’ automotive experiences. Providing consumers with

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Luton Town announce official partnership with Teng Tools | News

Luton Town FC are delighted to announce their official partnership with hand tool and storage company Teng Tools.

Teng Tools are the first choice hand tool for professional industrial and Automotive users all over the world. A strong connection to Luton is maintained with the head office for UK & Ireland based in Flitwick.

Chris Bell – Luton Town Commercial Director – said: “I’m delighted to welcome Teng Tools to our growing family of partners that are supporting Luton Town Football Club on our journey. As a global company with a good local workforce we are looking forward

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The bad news for car buyers in South Africa

While the latest indicators for the second quarter of 2021 suggest an uptick in the local car market, the combined effects of the latest third wave lockdowns and civil unrest could hit the South African automotive industry hard in the coming months – with potential knock-on effects for the economy, warns TransUnion.

According to the latest TransUnion SA Vehicle Pricing Index (VPI), total financial agreement volumes in the passenger market increased substantially year-on-year, with a 64% rise in Q2 2021 over the lockdown-affected Q2 2020, which saw the local industry register no sales in April 2020.

However, these ‘green shoots’

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Nigeria’s auto industry loses $10bn yearly to petrochemical, steel deficits | The Guardian Nigeria News

Workers assembling a vehicle

Government’s failure to revive steel companies and equally develop indigenous petrochemical plants have stalled the local automotive development agenda, leading to loss of $10 billion yearly to large scale importation of fully-built motor vehicles and allied components used for local assembling.

For instance, steel accounts for about 60 per cent of raw materials used in automobiles, while petrochemicals are used for plastics and foam used in vehicle interiors.

Despite being an oil-producing nation, non-existent refining capacity continues to undermine the country’s capacity to provide feedstock for allied industries.

In the alternative, local manufacturers are heavily dependent

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