Auto Review 2024
Despite a 3% decline in total vehicle sales, passenger vehicle sales grew by 1%, while LCVs dropped 12%. Crossover/SUVs dominate, now nearing 40% of the market, while hybrids and EV sales doubled, reaching 4.4% of passenger sales. Lightstone provided over 1.9 million vehicle validations, offering critical insights for the industry. Read more for a full breakdown of the data and trends shaping 2024.
Read MoreData, insights, and strategy in the automotive sector
Affordability pressures are shifting consumers towards budget-friendly brands, increasing reliance on imports, particularly from China and India. This challenges local manufacturing, prompting calls for policy shifts to support EV production. Lightstone’s Chief Analytics Officer, Paul-Roux de Kock notes, “The true power of data lies not in the data itself, but in its ability to solve real-world problems.” Lightstone’s insights help businesses refine strategies, using predictive analytics to drive competitive advantage and industry innovation.
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Shining bright: Lightstone’s Star Reacher F&I Q3 Award winners
Lightstone is proud to give a shout out to the Quarter 3 winners of its Star Reacher F&I Awards. Take a look here for a list of the winners by category. These top-performing F&Is have set new standards with their exceptional dedication and achievements. The Quarter 4 and annual winners will be revealed in May 2025.
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