Automotive Diecast Scale Model Market will Accelerate at a CAGR of over 6% through 2021-2025|Collector Clubs Driving Sales Of Diecast Scale Models to upheave Growth|Technavio | State

NEW YORK, May 31, 2021 /PRNewswire/ — Set to grow by USD 1.19 billion during 2021-2025, Technavio’s latest market research report estimates the automotive diecast scale model market to register a CAGR of over 6%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Download Latest Free Sample Report 

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amalgam Collection, Bburago International Inc., Exoto Inc., Hamleys of London Ltd., Hornby Hobbies Ltd., Jada Toys Inc., KYOSHO Corp., Maisto International Inc., Mattel Inc., and NOREV are some of the major market participants. The expected high resale value driving collection of diecast scale models, collector clubs driving

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April new car sales in ‘artificial’ 3,000% increase as showrooms reopen

a car parked in a parking lot: Vauxhall Corsa

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Vauxhall Corsa

New car registrations grew 3,176 percent in April 2021 as showrooms reopened – but the Society of Motor Manufacturers and Traders has urged caution at this ‘artificial’ figure.

Lockdown closures in April 2020 saw just 4,321 new cars registered, mainly to essential workers.

Last month’s volumes remain 12.9 percent down on the 10-year average with 141,583 new cars registered. They are also lower than April 2019.

Private car buyers have been returning to retailers since they reopened on 12 April, shown by a more than doubling of market share.

Last year, just 871 retail cars were sold: last month, this rocketed more than 7,000 percent to almost 62k cars.

Even so, demand from consumers is still 14.5 percent down on the 10-year average.

The SMMT has also pointed out that pure electric car sales were, unusually, beaten by plug-in hybrid (PHEV) volumes.

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The pandemic car buying rebound is real as sales rocket 110%

America is itching for a new car, collectively.

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For the most up-to-date news and information about the coronavirus pandemic, visit the WHO website.

It wasn’t hard to imagine substantially better year-over-year sales figures for April, considering much of the US shut down amid the coronavirus pandemic in 2020, but record breaking sales? That’s the expectation, according to JD Power and LMC Automotive’s retail sales forecast, released Wednesday, with an estimated 1,325,500 new cars sold.

April 2021 sales are expected to catapult upward by 110% year-over-year, compared to April 2020 when millions of Americans were under stay-at-home orders and numerous businesses closed their doors. In short, as we wave goodbye to this month, the retail sales figure will go down as the highest ever recorded for the month of April. However, to underscore the excellent sales month, adjusted for the number of selling days, sales are still

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Biden aims to juice EV sales, but would his plan work?

Some buyers would find his offer persuasive. Yet Biden’s goal is a daunting one: Even if Congress approves his $2.3 trillion infrastructure plan, along with its incentives, it would take many years to replace enough internal combustion vehicles with EVs to make a huge dent in tailpipe emissions.

Right now, there are about 279 million vehicles on the road in the United States. The proportion that are fully electric, according to IHS Markit, is 0.36%. Of the 14.5 million new vehicles that were sold last year, 2% were fully electric.

Even if every new vehicle sold were battery powered — something no one envisions — it would take about 15 years to swap out the entire fleet.

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