US Market is down in the first quarter of 2017
- The US market is down (- 1.4%) in the first quarter of 2017, a modest decline but it is the first since 2010. It could be possible that the US market will decline over the whole of 2017 after seven years of uninterrupted growth. Inovev nevertheless maintains its two growth scenarios for the year 2017, published at the beginning of the year (see graph below).
- In the first quarter of 2017, the 6.5% increase in sales of light trucks (SUVs, Pick-up, pickup trucks) could not quite compensate for the 12.4% decline in sales of passenger cars (sedans, station wagons, coupes, cabriolets).
- The share of light trucks in US vehicle sales thus increased from 58% in the first quarter of 2016 to 63% in the first quarter of 2017, while that of passenger cars decreased from 42% to 37% at the same time. Sales of light trucks could soon reach two out of three sales, which has never happened to date.
- Manufacturers that continued to grow in the first quarter of 2017 were Tesla (+ 35.9%), Tata Motors (+ 21.1%), Volkswagen Group (+ 9.0%), Subaru (+ 9.0% ), Mazda (+ 6.8%), Renault-Nissan (+ 4.8%), Daimler Group (+ 3.9%), Honda Group (+ 2.1%), GM Group (+ 0.9%), BMW Group (+ 0.6%). Manufacturers that lost market share include: Ford Group (- 4.4%), Toyota Group (- 6.4%), FCA Group (- 7.1%), Hyundai-Kia Group (- 7.2%) and Geely Group (- 29.8%).
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