The global automotive industry experienced an 81% drop in company filings mentions of COVID-19 in Q1 2024 compared with the previous quarter, with the highest share accounted for by Ford Motor with 56% year-on-year decrease, according to GlobalData’s analysis of over 144 automotive company filings. GlobalData’s Automotive: Filings Trends & Signals Q1 2024 report delves into earnings call transcripts and quarterly reports within the automotive industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, COVID-19 was one of the most frequently referenced themes in Q1 2024, ranking highest in terms of mentions, ahead of autonomous vehicles and artificial intelligence, according to GlobalData.
Of the top leading companies in the automotive industry, Ford Motor had the greatest increase in references for COVID-19 in Q1 2024, compared with the previous quarter. GlobalData identified 15 COVID-19-related sentences in the company's filings - 0.5% of all sentences - and a decrease of 56% in Q1 2024 compared with Q1 2023. Aptiv’s mentions of COVID-19 dropped by 68% to 12 and Ferrari’s by 80% to 8 and General Motors’s by 30% to 7 and Penske Automotive Group’s by 60% to 6.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for COVID-19 in Q1 2024 was 100.
For further understanding of GlobalData's Automotive: Filings Trends & Signals Q1 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
