The Chinese market is grim for European car makers, but it’s an entirely different story for accessory makers The second-quarter financial details of car makers are starting to come through, and we know from previously released volume figures that they will contain bad news from China. But in the spirit of summer holiday optimism, I’m swerving the gloom to look at a success story from an automotive-adjacent company whose executives didn’t mention China once in their second-quarter call to investors. Swedish accessory firm Thule – the name emblazoned on thousands of bike racks shedding garage cobwebs onto the roads this summer – reported a rise in operating margin to 22%…
Roof boxes on top as car accessory market defies auto downturn
