Home > News > Industry News > Zacks Industry Outlook Highlig.....
Browse Categories
Android7.1 Car DVD GPS(83)
Large screen Android Car DVD GPS(96)
Pure Android 7.1 Car DVD Gps(112)
Car MP5 Player(20)
Wince Car DVD GPS(274)
Car Rearview Camera(52)
Universal Car DVD(19)
Electric Tailgate Lift(29)
TV Box(6)
DVB-T&ISDB-T(11)
Rotating car DVD(2)
F10 F30 Subwoofer Loudspeaker Horn(5)
car radio frame(13)
Versatile Navigation(1)
ORGINAL DASH BOARD FOR BMW(1)
Android car dvd gps for Audi(2)
Android car dvd gps for Skoda(2)
Android car dvd gps for VW and Seat(2)
Android for Mercedes Benz(2)
Android for BMW(3)
Tesla Style(4)
Car stopwatch(2)
Android 12 Car DVD GPS(4)
Steering Wheel(9)
Fidget Spinner(6)
Headlight(19)
Headrest DVD Player(16)
Car DVR(15)
Contact us
Dorothy: General Manager
wechat:13684961929
Skype: dorothy3629
Email:dorothy@cardvd-wholesale.com
QQ email : 28239515@qq.com
------------------------------
Contact Now

News

Zacks Industry Outlook Highlights BYD, BMW and Honda

For Immediate Release
Chicago, IL – January 31, 2024 – Today, Zacks Equity Research discusses BYD Co Ltd. BYDDY, BMW AG BMWYY and Honda HMC.
Rising environmental concerns are driving a global shift toward sustainable energy, with electric vehicles (EVs) taking center stage. This surge in EV sales is poised to drive significant growth in the Zacks Automotive – Foreign industry as cities and nations worldwide push for green energy transitions and deadlines to phase out fossil fuel vehicles. Notably, India, China, Japan and Europe experienced year-over-year growth in vehicle sales in 2023.

The momentum is expected to continue in 2024, albeit at a possibly slower pace. The attractive valuation of the industry, trading at a discount compared to the S&P 500 and broader automotive sector, further bolsters its appeal. Prominent industry players such as BYD Co Ltd., BMW AG and Honda present compelling investment opportunities.

Industry Overview
Companies in the Zacks Automotive – Foreign industry are involved in designing, manufacturing and selling vehicles, components as well as production systems. The foreign automotive industry is highly dependent on business cycles and economic conditions. China, Japan, Germany and India are some of the key foreign automotive manufacturing countries.

The widespread usage of technology is resulting in a fundamental restructuring of the market. Stricter emission and fuel-economy targets, the ramp-up of charging infrastructure as well as supportive government policies are boosting sales of green vehicles. With almost all firms intensifying their electrification game, competition is getting tougher with each passing day. Foreign automakers are now actively engaged in the R&D of electric and autonomous vehicles, fuel efficiency and low-emission technologies.

Things to Consider
EU Car Market Navigating Challenges Amid Growth Prospects: The European car market displays a cautiously optimistic outlook for 2024. New car registrations in the European Union (EU) rose 13.9% in 2023, reaching 10.5 million units. Although sales are anticipated to continue their upward trajectory this year, the pace of growth is projected to moderate compared to the previous year.

According to GlobalData, sedan and SUV sales in Western Europe are forecast to rise 5.5% in 2024. S&P Global Mobility predicts a 2.9% year-over-year increase in auto sales in the Western and Central European markets.