Latest news with #EuropeanAutomobileManufacturersAssociation
Time of India
4 days ago
- Automotive
- Time of India
Europe auto group welcomes US-EU deal as 'de-escalation'
Europe's main auto group on Monday welcomed an EU-US trade deal that will apply 15-percent tariffs on European auto exports as a "de-escalation" and an easing of uncertainty. In a statement, the European Automobile Manufacturers Association ( ACEA ) said it "supports de-escalation," as director general Sigrid de Vries said "the agreement takes an important step towards easing the intense uncertainty surrounding transatlantic trade relations in recent months, and ACEA welcomes this development in principle. "Nevertheless, the US will retain higher tariffs on automobiles and automotive parts, and this will continue to have a negative impact not just for industry in the EU but also in the US," she said. US President Donald Trump and European Commission President Ursula von der Leyen clinched a customs agreement in Scotland on Sunday, whereby European automotive products exported to the United States will be taxed at 15 percent rather than the 30 percent Trump had earlier threatened to impose from August 1 in the absence of an accord. The automotive industry is one of those most affected by the Trump tariffs, both for the export of cars, particularly German ones, to the United States, and for the manufacturing of cars in North America. The ACEA said it would have to examine closely the details of the agreement as "at this stage, many elements of the agreement still need to be clarified. "ACEA will closely examine the details as they become available and assess the implications for Europe's vehicle manufacturing. "Looking forward, the EU and the US should focus on reducing obstacles to vital transatlantic automotive trade, paving the way for stronger economic ties and shared prosperity," De Vries added.
CNBC
24-07-2025
- Automotive
- CNBC
Tesla shares drop 6% in premarket trading after auto sales plunge again
Tesla shares fell 6% in premarket trading on Thursday after the company reported a second straight quarter of declining automotive sales. Elon Musk's electric carmaker reported a top and bottom line miss on second-quarter results, noting that automotive revenue fell 16% year-on-year to $16.7 billion. On an earnings call, Musk said Tesla "probably could have a few rough quarters" ahead as a result of the expiration of federal electric vehicle tax credits. "I am not saying that we will, but we could," Musk said. Tesla has been facing rising competition in key markets like China and Europe, especially from lower costs Chinese electric vehicle players. Data from the European Automobile Manufacturers Association, or ACEA, released on Thursday show Tesla's new car registrations, declined in June in Europe. Tesla shares have been hammered this year with the stock down nearly 18% to date, not including the Thursday premarket move. Along with Tesla's core auto business coming under pressure, Musk's own political activity has been in focus. The tech billionaire played a key role at the Department of Government Efficiency, or DOGE, under President Donald Trump's administration and has endorsed Germany's extreme anti-immigrant AfD party. In recent months, the two former allies have clashed over the president's spending bill. Musk has since said he is forming his own political party. Some investors have urged the billionaire to step away from politics, for fear that his involvement is hurting Tesla's brand and sales.
Bloomberg
24-07-2025
- Automotive
- Bloomberg
Europe Car Sales Drop the Most in 10 Months as EV Growth Slows
Automakers called for Europe to further stimulate demand for battery-powered vehicles after sales of all new cars fell in June by the most in 10 months. Registrations dropped 5.1% to 1.24 million vehicles, the European Automobile Manufacturers' Association said Thursday. While demand for battery-electric cars continues to rise, sales grew at the slowest pace this year.
Yahoo
01-07-2025
- Automotive
- Yahoo
Automotive Tire Pressure Monitoring System Market Set to Hit USD 8.94 Billion in 2024, Accelerating Ahead with a Robust 12.91% CAGR Through 2032
Automotive Tire Pressure Monitoring System Market, By Product Type (Direct and Indirect), By Vehicle Type, By Component, By Sales Channel, By Country, and By Region Global Industry Analysis, Market Size, Market Share & Forecast from 2025-2032 San Francisco, USA, July 01, 2025 (GLOBE NEWSWIRE) -- Market Dynamics The Automotive Tire Pressure Monitoring System (TPMS) market was valued at US$ 8,940.29 million in 2024 and is projected to grow at a robust CAGR of 12.91% from 2025 to 2032, reflecting increasing global emphasis on vehicle safety and performance. This impressive growth trajectory is fueled by a combination of regulatory mandates and consumer demand for enhanced driving safety. As underinflated tires contribute to poor fuel efficiency, tire wear, and accident risk, TPMS is becoming a crucial component in modern vehicles. Regulatory mandates across developed economies such as the United States, European Union, Japan, and China have made TPMS installation mandatory in all new vehicles. These regulations are significantly propelling market demand, particularly for Direct TPMS (DTPMS), which offers higher accuracy compared to Indirect TPMS (ITPMS). Furthermore, with the rise in global vehicle production and sales, especially in emerging markets where automotive demand is rapidly increasing, the adoption of Tire Pressure Monitoring Systems (TPMS) as a standard safety feature is becoming more widespread. In 2022, global motor vehicle production reached 85.4 million units, marking a 5.7% increase from 2021, according to the European Automobile Manufacturers Association. Many countries have introduced regulatory mandates requiring TPMS installation to enhance road safety by providing drivers with real-time tire pressure information, thereby reducing the risk of accidents caused by underinflated tires. Unlock exclusive insights with our detailed sample report (Please enter your Corporate Email ID to get priority access@ Key Attributes: Report Attributes Details No. of Pages 269 Forecast Period 2025 - 2032 Estimated Market Value (USD) in 2025 $8,940.29 Million Compound Annual Growth Rate (CAGR) 12.91% Regions Covered North America (U.S., and Canada)Europe (Germany, UK, France, Italy, Spain, The Netherlands, Sweden, Russia, Poland, Rest of Europe)Asia Pacific (China, India, Japan, South Korea, Australia, Indonesia, Thailand, Philippines, Rest of APAC)Latin America (Brazil, Mexico, Argentina, Colombia, Rest of LATAM)The Middle East and Africa (Saudi Arabia, UAE, Israel, Turkey, Algeria, Egypt, Rest of MEA) Key Drivers Stringent Safety Regulations: Government regulations worldwide mandating the use of TPMS in new vehicles are a major growth driver. For instance, the U.S. National Highway Traffic Safety Administration (NHTSA) requires TPMS in all passenger vehicles sold post-2007. Similarly, the European Union and countries like China, South Korea, and Japan have enforced comparable safety mandates, accelerating market adoption. Increasing Focus on Fuel Efficiency: Properly inflated tires reduce rolling resistance, which leads to better fuel efficiency. As consumers and fleet operators look to cut fuel costs, TPMS has become a vital tool. In commercial fleets, particularly, optimizing tire pressure can result in substantial savings on fuel and tire maintenance. Growing Vehicle Production: The post-pandemic recovery of the global automotive industry and the continued expansion of electric vehicle (EV) production contribute significantly to TPMS demand. EVs, often equipped with the latest safety tech, are more likely to include TPMS as a standard feature. Technological Advancements: The market is witnessing innovations such as battery-less TPMS, wireless sensors, and systems integrated with advanced driver-assistance systems (ADAS). These enhancements not only improve system reliability but also reduce maintenance requirements, making TPMS more appealing to OEMs and consumers alike. Restraints High Initial Costs: TPMS, especially direct systems with individual sensors on each tire, can increase the overall vehicle cost. This price sensitivity is a significant deterrent in cost-conscious markets, particularly in entry-level and budget vehicle segments. Maintenance and Repair Challenges: TPMS components are prone to damage during tire replacement or servicing. Additionally, battery-powered sensors have a limited lifespan, typically around 5-10 years, which may require costly replacements. Lack of Consumer Awareness in Developing Markets: In regions such as parts of Africa, Southeast Asia, and Latin America, awareness regarding the benefits of TPMS is relatively low. This hampers adoption, despite the system's proven advantages in safety and efficiency. Opportunities Aftermarket Growth: The aftermarket TPMS segment presents vast potential, especially as older vehicles are retrofitted to meet safety standards or improve performance. Rising e-commerce penetration is also making it easier for consumers to purchase and install aftermarket solutions. Electric and Autonomous Vehicles: The rising trend of connected vehicles, EVs, and autonomous cars paves the way for more sophisticated tire pressure and health monitoring systems. Manufacturers are developing smart TPMS integrated with telematics and real-time data analytics, providing broader vehicle management capabilities. Market segmentation :GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY PRODUCT TYPE- MARKET ANALYSIS, 2019 - 2032 Direct Indirect GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY VEHICLE TYPE- MARKET ANALYSIS, 2019 - 2032 Passenger Vehicles Commercial Vehicles GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY COMPONENT- MARKET ANALYSIS, 2019 - 2032 Sensors Transmitters Receivers Display Units Control Units GLOBAL AUTOMOTIVE TIRE PRESSURE MONITORING SYSTEM MARKET, BY SALES CHANNEL- MARKET ANALYSIS, 2019 - 2032 OEM Aftermarket Regional Insights North America North America remains a leading market for TPMS, primarily driven by regulatory enforcement and high consumer awareness. The U.S. is the dominant player due to early legislation mandating TPMS and widespread OEM adoption. The region is also a hotspot for aftermarket sales, supported by a well-established automotive service ecosystem. Europe Europe follows closely, with countries like Germany, France, and the U.K. leading TPMS penetration. The region's strong focus on vehicle safety and environmental concerns (such as CO2 emission reduction) has fostered widespread TPMS adoption. Moreover, the European Union's General Safety Regulation (GSR) continues to enforce TPMS requirements across all new vehicle segments. Asia-Pacific The Asia-Pacific region, led by China, Japan, South Korea, and India, is emerging as the fastest-growing market. China's TPMS mandate for new vehicles starting 2019 has significantly boosted local demand. Additionally, rising disposable incomes, rapid urbanization, and growing automotive manufacturing hubs in India and Southeast Asia offer enormous growth potential. However, aftermarket awareness and infrastructure still lag behind developed markets. Latin America & Middle East Africa These regions are in the nascent stages of TPMS adoption. While vehicle ownership is rising, the lack of strict safety norms and consumer education limits the market. Nonetheless, growing automotive imports and gradual economic development are creating long-term opportunities. Looking For a Detailed Full Report? Please review it here @ to Invest in the TPMS Market Global Regulatory Support: With safety becoming non-negotiable, TPMS has become a compliance requirement in many parts of the world. Investors can bank on this long-term regulatory support driving consistent demand. EV Integration and Smart Mobility: As electric and smart vehicles become mainstream, integrated TPMS solutions are evolving. These systems go beyond just pressure monitoring—providing tire temperature, wear analysis, and real-time alerts through mobile apps or vehicle dashboards. The synergy with ADAS and IoT provides avenues for value-added services and recurring revenue. High Growth Potential in Aftermarket: Millions of vehicles worldwide still operate without TPMS. This opens a vast aftermarket potential, especially in regions where regulations have recently come into effect or are under proposal. Startups and component suppliers focusing on plug-and-play solutions can capitalize on this underserved segment. Rising OEM Collaborations and Strategic Partnerships: Tier-1 suppliers are collaborating with vehicle manufacturers to embed next-gen TPMS as part of their safety and telematics packages. This trend ensures steady B2B revenue streams and fosters innovation in customized solutions. Advancements in Sensor Technology: The evolution of MEMS (Micro-Electro-Mechanical Systems) and sensor miniaturization is reducing costs while improving performance. This technological edge is lowering entry barriers for new players and making TPMS feasible even for low-cost vehicles. Fleet Management Optimization: For commercial fleets, TPMS offers tangible benefits in maintenance planning, fuel efficiency, and downtime reduction. As logistics and transport companies digitize operations, TPMS becomes an integral component of their fleet health systems—driving up volume demand. Related Links Wafer-Level Chip Scale Package Market Silicon on Insulator Market Semiconductor Gas Delivery System Market Rapid Thermal Processing Equipment Market Plasma Etching Equipment Market CONTACT: U.S. Office 11923 NE Sumner St STE 750924 Portland, Oregon, 97220, USA E-Mail Contact: Mayank Agrawal- mayank@ Sales Support- inquiry@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Automotive
- Yahoo
Tesla stock slides as European sales in May drop for fifth straight month
Tesla's (TSLA) recent high-profile robotaxi test in Austin, Texas, comes as more negative data emerges in its core auto business, with the company's stock dropping in the process. Per the European Automobile Manufacturers Association (ACEA), Tesla EV registrations (a proxy for sales) in Europe fell 27.9% to 13,863 in May compared to a year ago. Meanwhile, overall EV registrations in the region, which includes the UK and the European Free Trade Association, rose 25% in May, with overall registrations down 0.6%. May's total marks the fifth straight month of declining Tesla sales in the European region. May's total was better than the fall seen in April, however, when sales dropped a whopping 49% year over year. Tesla stock was down over 5% in early trade. Read more about Tesla's stock moves and today's market action. The wider availability of the Tesla Model Y may have helped, but sales numbers in May were down compared to April. Tesla sales year to date in Europe through May are down 37.1% to 75,196 units. Reuters' report of country-specific data was not confidence-building. France's PFA national auto lobby reported new Tesla registrations dropped 67% in May to 721 units, with overall sales down 47% year to date. Mobility Sweden reported Tesla EV registrations tumbled 53.7% to 503 units in the country in May from a year earlier. Reuters reported Tesla registrations fell 30.5% in Denmark, 36% in the Netherlands, 19% in Spain, and a massive 68% in Portugal. Norway was the only territory in Europe to show sales gains for May. Demand weakness in the EU came after CEO Elon Musk's foray into Trump administration politics, causing some Tesla owners to become disillusioned with him, specifically by his right-leaning tendencies, support of right-wing leaders in Europe, and leadership of the Department of Government Efficiency (DOGE) in the US. Musk's recent return to his businesses from politics is seen as a welcome move, per analysts, including Wedbush's Dan Ives, but many wonder if Musk's escapades will permanently damage Tesla's reputation. Musk's recent attacks on President Trump now have both liberals and conservatives upset with the mercurial CEO. Tesla does not report sales by region or monthly, meaning next week's second quarter production and delivery report will be a big one. Read more: How to avoid Tesla car insurance sticker shock Last week, Wells Fargo's Colin Langan wrote in a note to investors that Tesla's fundamentals are coming in worse than expected. The bank is expecting second quarter deliveries to be down 21% compared to a year ago, with the firm's 343,000 estimate approximately 17% below the Street consensus of 411,000. In the first quarter, traditionally a weak one for Tesla, the company reported 336,681 deliveries versus 390,342 estimated, per Bloomberg consensus, making it the worst quarter for deliveries since the second quarter of 2022. Interestingly, while EV sales in Europe continue chugging higher, though not at breakneck speed, there is an indication that the EV transformation occurring in the biggest market, China, could be slowing down. Reuters reports that China's BYD ( the biggest producer of EVs and plug-ins by volume, has slowed its production and expansion in recent months by "reducing shifts at some factories in China and delaying plans to add new production lines." Sources told Reuters that BYD canceled night shifts and reduced output by at least a third at four of its seven factories in China. BYD sold 4.27 million cars last year globally and is targeting 5.5 million this year, Reuters said. Pras Subramanian is the lead auto reporter for Yahoo Finance. You can follow him on X and on Instagram. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
