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Automotive Aftersales Products and Services Association (OSS Association) evaluated the second quarter of 2024 specifically for the automotive aftersales market with a survey conducted with the participation of its members.

OSS According to the Association’s 2024 Second Quarter Sectoral Evaluation Survey; The automotive aftermarket remained stagnant in the second quarter of 2024. According to the survey; In the second quarter of 2024, domestic sales decreased by an average of 2.67 percent in dollar terms compared to the second quarter of 2023. During this period, while the sales of distributor members increased by 3.11 percent in dollar terms, the producer members experienced a decrease of 11.96 percent in dollar terms.

A 2.5 percent increase in sales is expected in dollar terms in the third quarter!

The survey also included expectations for the third quarter of 2024. Accordingly, it was observed that an average increase of 2.5 percent in dollar terms is expected in domestic sales in the sector in the third quarter of 2024. Stating that the collection processes, which were 47.7 percent in the first quarter of 2024, reached 40.9 percent in the second quarter of 2024, 8.3 percent of the members of the OSS Association stated that the collection process has become better, while 45 percent stated that it has gotten worse. .

Manufacturers maintained their employment power!

31.7 percent of the members participating in the survey increased their employment compared to the first quarter of 2024. 48.3 percent of the members maintained their employment during the said period. The rate of members stating that their employment decreased compared to the first quarter of 2024 remained at 20 percent. Employment of producer and distributor members remained close to each other.

OSS Association
The increase in costs is by far the biggest problem!

One of the most striking parts of the survey was the problems in the sector. While the top problems observed by members in the second quarter of 2024 were “Excessive increase in costs” with 78.3 percent, “Problems in cash flow” ranked second with 61.7 percent. 48.3 percent of the members described “Loss of work and turnover”, and 40 percent described “cargo cost and delivery problems” and “problems in employment” as the fourth biggest problem for the sector. 23.3 percent of the survey participants pointed to legislative changes, and 21.7 percent pointed to problems experienced at customs. Additionally, 20 percent of participants listed supply problems among the important problems.

Those planning to invest in the next 3 months remained at 20 percent!

With the survey, the investment plans of the sector were also examined. According to the survey, the rate of members considering making new investments in the next three months remained at the lowest level of the last period at 20 percent. While 26.7 percent of producer members were planning investments in the previous survey, this rate dropped to 13 percent in the new survey. For distributor members, this rate decreased from 36.7 percent to 24.3 percent. 43.3 percent of the members participating in the survey stated that the sector will remain the same in the next three months, 25 percent said it will get better, and 31.7 percent said it will get worse.

Capacity utilization rate in production is 75.22 percent!

The average capacity utilization rate of manufacturers in the second quarter of 2024 was 75.22 percent. This rate was 77.33 percent in the first quarter of 2024. In the second quarter of 2024, members’ production decreased by 2.17 percent compared to the same quarter of 2023. In the second quarter of 2024, members’ exports decreased by 1.3 percent in dollar terms compared to the second quarter of 2023.
In his evaluation on the subject, OSS Association President Ali Özçete said, “According to the survey results we regularly conduct every quarter within our association, we see that the contraction in consumer demands is above expectations. Although this situation was expected compared to the same quarter of the previous year, the fact that it was above expectations made the sector stakeholders uneasy.

We see more clearly, especially in the second quarter survey results, that the contraction in cash flow is reflected in collection problems. The decrease in capacity utilization rates is above expectations and increases concerns about the future. However, despite cost increases and cash flow problems, we can say that we have achieved significant success by preserving our employment. Although the outlook is pessimistic in the short and medium term, the positive rate in new vehicle sales keeps long-term expectations strong. “In addition, we see that the fight against inflation has begun to find a response with the stabilization in exchange rates within the framework of the policies carried out within the scope of the fight against inflation and the stabilization observed in spare parts prices.”

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The Power of Mini Design: LG XBOOM Go XG2T

LG introduces new models of its XBOOM series portable speakers, the favorite product of music lovers. LG XBOOM Go XG2T, part of LG’s portable Bluetooth speaker series, resembles a mini giant with its solid design and powerful sound.

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LG introduces new models of its XBOOM series portable speakers, the favorite product of music lovers. LG XBOOM Go XG2T, part of LG’s portable Bluetooth speaker series, resembles a mini giant with its solid design and powerful sound.

LG Electronics (LG) introduced LG XBOOM Go With its robust design and compact structure, LG XBOOM Go

He’s Small, His Voice is Giant

LG XBOOM Go XG2T’s Sound Boost feature allows users to enjoy music with the extra power it provides. Offering the opportunity to customize the audio EQ for a personalized audio experience, LG XBOOM Go LG has improved the bass algorithm to provide consistent and rich bass quality even at low volumes. Thus, users do not miss any details of their favorite songs. Moreover, users can connect their LG XBOOM Go XG2T wherever they want with the adjustable rope.

LG XBOOM

Ready for Your Daily Adventures

Your music is with you wherever and whenever you want. Take your music wherever you want, whenever you want. Mount it wherever you want, however you want, with the adjustable rope that rotates on four sides. You can either wear it on your bike, next to your bag, or carry it by slinging it around your wrist. With its weight of ≈280 grams, your adventure companion that you will not want to leave with you is the new XBOOM Go XG2T!

All Calls to LG XBOOM Go XG2T

Music lovers who use their Go

LG XBOOM

Durability Approved

Tested and approved to US military standards LG XBOOM Go XG2T provides proven durability and maximum performance. The portable Bluetooth speaker, which passed 7 different MIL-STD 810H durability tests conducted by an independent laboratory in accordance with US military standards, also has KOLAS Labs certification.

Resistant to shock, high temperature, water immersion, dust, rain, vibration and salt fog, the speaker can handle any adventure. All users have to do is enjoy listening to music with a 10-hour battery life without worrying.

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TECNO AI Vision Introduced at IFA Berlin 2024

TECNO AI Vision brings emerging markets into a new era of AI with better localization; It offers greater productivity, creativity and practical value.

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TECNO AI Vision brings emerging markets into a new era of AI with better localization; It offers greater productivity, creativity and practical value.

Innovative technology brand TECNO announced TECNO AI Vision at IFA Berlin 2024. Unlike others, TECNO AI introduces a series of artificial intelligence functions that will increase productivity, deliver greater practical value and facilitate creative fun. These practical features will soon be integrated into TECNO’s remarkable smart device ecosystem, enhancing users’ daily lives.

The new TECNO AI Vision shows how TECNO is harnessing the power and potential of AI for greater creativity, convenience and productivity, encouraging early adoption of AI in emerging markets, enabling consumers to reap these benefits at the earliest stage.

TECNO AI Vision

Strengthening its commitment to providing the best experiences to users, TECNO’s AI vision focuses on delivering “Practical AI” with ultimate localization. TECNO believes that the most important feature of artificial intelligence technology should be that it truly helps consumers through its integration into daily life, and aims to increase the quality of life and efficiency in this direction. To ensure this for all users around the world, TECNO AI Vision adapts to the needs of consumers in relevant regions; Localization stands out as an important part of TECNO’s artificial intelligence strategy.

TECNO AI Vision includes advanced artificial intelligence features such as AI writing, translation, search, drawing and more. In the future, TECNO will invest more in artificial intelligence strategy. First, the focus will be on AI language localization, specifically developing minority language translation and semantic recognition; The second focus will be on the integration of artificial intelligence with local applications, so that smart devices will turn into personal assistants and provide functional services such as calling a taxi, giving directions, ordering food and more.

TECNO made major breakthroughs in the field of artificial intelligence in 2024; New AI-powered devices and AIOS technologies were launched at MWC Barcelona 2024 in February. At IFA Berlin 2024, many impressive functions are highlighted during the unveiling of TECNO AI Vision, from enhancing social interaction to improving business performance and aiding daily life. Among these functions, Gemini integrates Ella AI Assistant and creative AI Artboard, promising to enable global consumers to take their smart lives to the next level by being more productive and creative.

Increase Productivity Every Day

At the heart of TECNO AI Vision is the newly developed Ella AI Assistant, which makes the user’s daily tasks more efficient, increasing efficiency at work and allowing them to spend time on what really matters. TECNO AI Assistant is now connected to Gemini, which completely transforms the way it interacts with users, bringing it to life in an exciting new way.

Thanks to the Smart Q&A conversation function of TECNO AI Assistant, it can now interact with users in a continuous flow of dialogue instead of a single answer. Wondering how you should dress according to the weather? Ask the AI ​​Assistant for a weather update! Need help planning your day? Consult the AI ​​Assistant! Don’t know what to cook? Ask her for recipe inspiration! From simple tasks to complex problems, TECNO AI Assistant is ready to support users in a better way at any time.

TECNO AI Vision also helps users overcome communication barriers with Real-Time Translation. Whether learning a new language or dealing with clients abroad, this handy tool instantly converts speech to text during phone calls or face-to-face situations, allowing users to have smoother global conversations.

TECNO’s AI Writing functions stand out as a productivity revolution for professionals and students alike, saving energy and time for more important tasks. When faced with long and time-consuming text on a website or document, users can quickly create a more manageable summary of the content by turning to the TECNO AI Assistant. When it comes to writing and editing, she has the ability to create texts from scratch, proofread and rewrite texts in friendly, professional or concise styles.

Finally, TECNO AI Search helps users learn about the world. From creating a recipe from a photo of a cake to purchasing an eye-catching fashion accessory on social media, it makes it possible for users to tap on their screens and access information.

Power Creativity with Artistic AI

TECNO AI is packed with exciting functions that offer a creative boost to users. AI Artboard turns every user into an artist. With the power of artificial intelligence, users can produce masterpieces in a wide range of styles, starting from just a few words of text. From spaceship-driving dogs to more realistic portraits for social media profile photos, users can let their imaginations run wild.

With the AI ​​Image Editing function, a perfect photo can always be obtained. Great shots spoiled by unfamiliar people or unwanted objects no longer have to be thrown away. Users can easily delete parts of their photos that they do not want to see.

To further enhance photos, AI Portrait Beautification allows users to define their own appearance.

The AI ​​Cutout function can be used to select parts of an image and share it in chat or create new images. Besides images, users can also step into the world of video with AI Video Generation. From writing a script to creating a video and adding subtitles, TECNO AI Vision powers every stage of the filmmaking process.

Integration of TECNO AI into TECNO Devices

TECNObelieves that technologies must be integrated into devices for the interaction between artificial intelligence and users to be meaningful. In this way, users in emerging markets will feel the obvious benefits of future technologies in their daily lives, as TECNO’s artificial intelligence strategy aims. TECNO seamlessly integrates artificial intelligence technologies into its entire product ecosystem; This ecosystem is not only limited to laptops, headsets and AR gaming sets, but also includes other wearable devices, significantly enriching the smart device experience of global consumers.

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Renewed Partnership with UEFA for the Next Three Seasons

OPPO, one of the world’s leading smartphone brands, announced that it has renewed its partnership with the Union of European Football Associations (UEFA) for the next three seasons.

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OPPO, one of the world’s leading smartphone brands, announced that it has renewed its partnership with the Union of European Football Associations (UEFA) for the next three seasons.

OPPO renewed its cooperation agreement with UEFA as the “Official Smartphone Partner”. The announcement of the agreement was made at a special event attended by OPPO Overseas Marketing, Sales and After-Sales Services President Billy Zhang and UEFA Marketing Director Guy-Laurent Epstein. In addition, the living legend of football, Iker Casillas Fernández, made a surprise participation in the event, meeting with fans and introducing the latest OPPO products and artificial intelligence technology.

In his speech at the event, Billy Zhang said: “For the last two years, Union of European Football Associations Our collaboration with has highlighted our shared values ​​of bringing together and inspiring fans of all generations. “We look forward to strengthening this partnership over the next three years, bringing fans closer to the games through OPPO’s imaging and AI technologies, and dedicating more resources to bringing the magic of football to young players and the global football community.”

UEFA

Union of European Football Associations Marketing Director Guy-Laurent Epstein said: “Over the past two seasons, OPPO’s smartphones and technologies have enriched the UEFA Champions League experience for fans around the world with advanced imaging and artificial intelligence capabilities. “We now aim to take our cooperation even further and ensure that more people feel the passion of football and get inspired by the Champions League,” he said.

Mobile imaging and artificial intelligence technologies will power the Champions League

With over a decade of mobile imaging technology experience, OPPO developed the “Matchday Phone” for football fans. Combining superior telephoto and night shooting features, OPPO smartphones help fans capture exciting moments in the stadium, capture clear shots from high stands, and capture vivid colors and details during evening matches.

To bring football fans even closer to the excitement of football, OPPO invited football legend Iker Casillas Fernández to unveil the latest OPPO AI Studio feature at the partnership renewal event. OPPO will continue to increase the engagement of football fans with innovations in artificial intelligence and generative artificial intelligence features such as AI Studio and AI Eraser over the next three seasons.

UEFA

OPPO’s support for sports will continue increasingly

In the coming seasons, OPPO will expand its commitment to football by launching a series of youth football development programs around the world in countries such as Spain, Mexico, Egypt and China. Through these initiatives, OPPO and UEFA will provide resources and support to young football players and community football clubs, inspiring them to realize their football dreams.

OPPOOver the past two years of its UEFA Champions League collaboration, has captured and celebrated countless important moments using powerful imaging technology. Under the renewed partnership, OPPO will continue to work closely with UEFA over the next three seasons to provide opportunities for more fans to enjoy football matches and experience how OPPO technology increases the excitement at UEFA events.

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