Stellantis group could get 40% of LUV market share in Europe
- The European Commission recently indicated that it will analyse a possible hegemonic position of the future Stellantis group (resulting from the merger of PSA and FCA) on the market of light utility vehicles (LUV) in Europe. The green light for this merger is expected to be given by the end of the year.
- Inovev has analysed the production and sales figures in Europe of various LUV producers such as Renault, Ford, Volkswagen, Daimler, PSA and FCA.
- It turns out that the share of PSA and FCA on the European light utility vehicles market reached 41% in 2019 (including 31% for PSA and 10% for FCA), thus ahead of the Renault-Nissan groups (22%), Ford (16%), Volkswagen (8%) and Daimler (7%). In terms of production, the differences observed between the different producers are the same.
- With the creation of the future Stellantis group in the LUV market, the shares of PSA and FCA would not reach 50% of the European market. It does not even represent double the share of the second producer in this market (Renault-Nissan is indeed at 22%).
- With the announced end of the Fiorino (compact LUV), the development of Toyota in this LUV market and Stellantis' project to bring together the Fiat Doblo, Opel Combo, Citroën Berlingo, Peugeot Partner, Toyota ProAce City under one same body with different badge, PSA + FCA's share is likely to decline over the next three years and probably stabilize around 40% of the European LUV market.
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