[WEBINAR] Pricing Strategies in a Shifting Automotive Landscape
In today’s fast-paced automotive market, staying competitive means embracing dynamic pricing strategies. With online retailers and direct-to-consumer brands disrupting traditional methods, it’s crucial for distributors to adapt and innovate. In a recent webinar, industry experts Pierre Hébrard from Pricemoov and Philippe Carval from Lizeo shared game-changing insights on how to leverage real-time data and automated pricing tools to protect your margins and thrive.
The rise of EVs (Electric Vehicles): what are the consequences for the tire industry?
The rise of electric vehicles is transforming the tire industry. As EVs grew from 6.6% of new car models in Europe in 2020 to 31.8% in 2024, tire manufacturers have had to adapt to new demands: heavier vehicles, instant torque, regenerative braking, and reduced noise levels. The result? The EV tire offering has exploded, with over 1,400 dedicated models available online in 2024 compared to just a few dozen in 2020.
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Localized Data: A Strategic Asset for Automotive Professionals
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Elevate Your Business Decisions with Superior Data Quality
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LA Auto Show 2024: Driving into the Future with EVs, Hybrids, and Consumer Favorites
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SEMA 2024: Trends, Innovations, and Building Connections in the Automotive Industry
SEMA 2024 once again lived up to its reputation as the largest trade show in the aftermarket tire and automotive industry. With over 160,000 industry professionals in attendance, this event showcased cutting-edge vehicle modifications, key insights from tire manufacturers, and the importance of relationships in this $170 billion sector. Lizeo® was proud to showcase its innovative solutions and strengthen its trusted reputation in the automotive world.
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The New York International Auto Show 2024: An overview of trends and revelations – US
Data Blog by Lizeo Back to Blog © Lizeo The New York International Auto Show 2024: An overview of trends and revelations From March 29th to April 7th, the Javits Convention Center in the heart of Manhattan hosted the New York International Auto Show (NYIAS) for its latest edition. Notably, the event provided automotive enthusiasts from around the world with the opportunity to discover the latest innovations and trends in the industry. However, this year, the show presented a somewhat different picture compared to what attendees of European shows might expect. A Contrasting Presence of Brands Unlike European shows that attract a wide range of global brands, the NYIAS primarily highlighted American brands. For instance, iconic names like Ford, Chevrolet, and GM were present, while European brands were noticeably underrepresented. Among them, only a few made the effort to attend, notably Porsche, Audi, and Volvo, with modest booths. Volkswagen, on the other hand, stood out by occupying a large exhibition space. Furthermore, Japanese and Korean brands, now well-established in the American market, also played a major role, showcasing a diverse range of models. In particular, the Kia-Hyundai group received several prestigious awards, highlighting their impact on the automotive industry. However, visitors observed the notable absence of emerging Asian newcomers such as BYD, Nio, and Vinfast, who have made a mark at European shows. Consequently, this disparity raises questions about these manufacturers’ strategies for entering the American market. © Lizeo Where Have the Electric Vehicles Gone? Despite the growing global enthusiasm for electric vehicles (EVs), the NYIAS highlighted a contrasting trend. In fact, only about 20% of the showcased vehicles were electric or hybrid, while internal combustion models dominated. This situation is in stark contrast to European shows, where EVs are becoming increasingly prevalent. To counter this, the show attempted to address this disparity by dedicating an entire hall to an “EV Test Track.” Nevertheless, only a few manufacturers responded by showcasing their electrified models there. The Decline of Concept Cars Another notable trend is the gradual disappearance of concept cars. Indeed, automakers have largely forsaken these futuristic vehicles in favor of 3D presentations. They are now using CGI to showcase their new styling directions. As a result, only two concept cars were presented at the NYIAS, signaling that the automotive industry is evolving toward more pragmatic presentation methods. © Lizeo Our Favorites Among the many models exhibited, a few particularly caught our attention. First, the Lucid Air, a luxury electric sedan, impressed with its power, comfort, and quality of finish. Next, the new Ford Mustang GTD, derived from the competition car, also excited visitors. Finally, the Hyundai Santa Cruz, a compact pickup based on the Tucson, drew looks, as did the fully electric Porsche Macan and the luxurious electric SUV Cadillac Lyriq. Revelation of the World Car Awards Finally, the show was the stage for the announcement of the World Car Awards, presenting awards in several categories. For example, among the winners are the Kia EV9, voted Car of the Year. Similarly, the BMW 5 Series (i5) won the title of World Luxury Car, and the Hyundai Ioniq 5 N was designated as the World Performance Car. These awards demonstrate the innovation and quality of the vehicles showcased at the NYIAS 2024. In conclusion, the New York International Auto Show 2024 offered a fascinating glimpse into the global automotive industry. It successfully highlighted emerging trends and the new challenges facing manufacturers. Despite some notable absences and diverging trends compared to European shows, the event confirmed the vitality and diversity of the American automotive market. © Lizeo Contact us In this article