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Deloitte Review — Issue 15

September 11, 2014 Comments off

Deloitte Review — Issue 15
Source: Deloitte

Is the romance gone? An extensive new study suggests that Gen Y takes a more pragmatic view of car ownership. Deloitte Review issue 15 also explores analytics and predicting behavior; new players in the intellectual property arena; the economics of additive manufacturing, and the persistent problem of labor abuse in supply chains.

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Automotive Value Creators Report 2014: A Comeback in the Making

August 28, 2014 Comments off

Automotive Value Creators Report 2014: A Comeback in the Making
Source: Boston Consulting Group

A Comeback in the Making is the first in a series of annual reports from The Boston Consulting Group on value creation in the automotive industry. The report analyzes the industry’s two largest sectors, original-equipment manufacturers (OEMs) and makers of automotive components that are sold either to OEMs or to end users in the aftermarket.

These two businesses are very different, with distinct dynamics, financial characteristics, typical growth rates, capital requirements, and profit margins. Nevertheless, the sectors are inextricably linked and often have in common the same challenges; a pressing one for both sectors has been finding their footing in a global economy that was rocked to its foundation in 2008. Our analysis of total shareholder return (TSR) over the past three, five, and ten years suggests that the long-awaited recovery for both OEMs and component makers is finally starting to gain traction—across countries and regions and in all subsectors.

In fact, few economic sectors have mounted a more impressive comeback from the ravages of the financial crisis than those in the automotive industry. Both OEMs and component makers delivered five-year median annual returns that were well in excess of the median return for the 26 industries tracked by BCG. OEMs produced a median annual TSR of 29 percent from 2009 through 2013, while component makers posted a median annual TSR of 33 percent. The median annual return for all industries was 21 percent. The automotive industry’s recent performance represents a striking recovery from the depths of the 2008 financial crisis, when the big three U.S. automakers alone posted nearly $75 billion in losses and unit sales plunged worldwide.

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Automobile Manufacturing Shipments and Employment Up, According to Census Bureau’s Economic Census

August 25, 2014 Comments off

Automobile Manufacturing Shipments and Employment Up, According to Census Bureau’s Economic Census
Source: U.S. Census Bureau

The total value of shipments for the automobile manufacturing industry (NAICS 336111) was $108.8 billion in 2012, up 28.4 percent from $84.7 billion in 2007, according to the latest 2012 Economic Census statistics released today by the U.S. Census Bureau. The number of employees increased 5.6 percent, from 65,436 in 2007 to 69,078 in 2012.

While shipments and employment increased, the number of establishments decreased from 188 in 2007 to 180 in 2012. The average payroll per employee decreased 6.5 percent, from $78,092 in 2007 to $73,053 in 2012.

Total value of shipments for the light truck and utility vehicle manufacturing industry (NAICS 336112) decreased 20.7 percent, from $154.0 billion in 2007 to $122.2 billion in 2012. For this industry, other highlights include:

  • The number of establishments decreased from 90 in 2007 to 77 in 2012.
  • The number of employees decreased 31.3 percent, from 84,806 in 2007 to 58,241 in 2012.
  • The average payroll per employee decreased 3.8 percent, from $81,262 in 2007 to $78,194 in 2012.

Driving While Revoked, Suspended or Otherwise Unlicensed: Penalties by State

August 22, 2014 Comments off

Driving While Revoked, Suspended or Otherwise Unlicensed: Penalties by State
Source: National Conference of State Legislatures

All 50 states and the District of Columbia issue driver’s licenses, and conversely, all have penalties for driving without a license. These penalties vary widely, but follow a similar theme: driving without a license is a serious offense that goes beyond a moving violation. Penalties generally involve fines, jail time or both.

The box allows you to conduct a full text search or use the dropdown menu option to select a state.

A survey of public opinion about connected vehicles in the U.S., the U.K., and Australia

August 22, 2014 Comments off

A survey of public opinion about connected vehicles in the U.S., the U.K., and Australia
Source: University of Michigan Transportation Research Institute

This survey examined public opinion regarding connected-vehicle technology across three major English-speaking countries—the U.S., the U.K., and Australia. The survey yielded useable responses from 1,596 persons over the age of 18. The main results were as follows:

  • The majority of respondents had not previously heard of connected-vehicle technology; however, most had a positive initial opinion of the technology.
  • The majority felt that the expected benefits presented in the survey are likely to occur.
  • Respondents generally expressed a high level of concern regarding the security and performance issues presented in the survey.
  • The majority of those surveyed stated that safety was the most important benefit of connected vehicles.
  • Most individuals said that it is important for personal communication devices to integrate with connected vehicles, as well as for such vehicles to have Internet connectivity.
  • The majority of respondents expressed a desire to have this technology in their vehicle.
  • Willingness to pay for connected-vehicle technology was very similar across the three countries.

The main implications of these results are that the general public in the three countries surveyed feel positive about connected vehicles, have optimistic expectations of the benefits (while still maintaining some concerns), and generally appear ready and willing to embrace connected-vehicle technology when it becomes available.

NICB’s Hot Wheels: America’s 10 Most Stolen Vehicles

August 20, 2014 Comments off

NICB’s Hot Wheels: America’s 10 Most Stolen Vehicles
Source: National Insurance Crime Bureau

The National Insurance Crime Bureau (NICB) today released its annual Hot Wheels report, which identifies the 10 most stolen vehicles in the United States. The report examines vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and determines the vehicle make, model and model year most reported stolen in 2013.

Also in today’s release is a list of the top 25 2013 vehicle makes and models that were reported stolen in calendar year 2013.

For 2013, the most stolen vehicles* in the nation were (total thefts in parentheses):

1. Honda Accord (53,995)
2. Honda Civic (45,001)
3. Chevrolet Pickup (Full Size) (27,809)
4. Ford Pickup (Full Size) (26,494)
5. Toyota Camry (14,420)
6. Dodge Pickup (Full Size) (11,347)
7. Dodge Caravan (10,911)
8. Jeep Cherokee/Grand Cherokee (9,272)
9. Toyota Corolla (9,010)
10. Nissan Altima (8,892)

Motor Vehicle Census, Australia, 31 Jan 2014

August 14, 2014 Comments off

Motor Vehicle Census, Australia, 31 Jan 2014
Source: Australian Bureau of Statistics

This publication presents statistics relating to vehicles which were registered at 31 January 2014 with a motor vehicle registration authority. Motor vehicle registration statistics reflect the information as recorded in registration documents.

Statistics are provided on vehicle types comprising passenger vehicles, campervans, light commercial vehicles, trucks, buses and motor cycles. Vehicle characteristic information includes make of vehicle, year of manufacture, type of fuel that the vehicle was registered as using, and Gross Vehicle Mass or Gross Combination Mass for trucks. The size of the motor vehicle fleet is also compared with the estimated resident population.

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