Which manufacturers are most affected by the slow down of the European market
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Which manufacturers are most affected by the slow down of the European market
- As the European VP market (29 countries) slows abruptly in 2018, after four years of uninterrupted growth, almost returning to the best levels achieved between 2004 and 2008, which manufacturers are the most affected by this new situation ?
- According to the figures Inovev has the most impacted manufacturers are mainly those who sell most on the British market down sharply in 2018: Jaguar Land Rover (Tata group) drops 13.9% on the cumulative 3 month 2018, Opel / Vauxhall fell by 9.4% and Ford by 5.6%.
- Other manufacturers also experienced sales decline, including the Fiat -Chrysler group (-4.0%) which suffers from a weak Italian market, and the BMW group (-1.5%) which suffers from having many big volume models at end of life. The Daimler group‘s sales are stagnating (+ 0.1%), like the PSA group (+ 0.1%) which would have progressed without the impact of the Opel / Vauxhall decline.
- The Geely (Volvo) and Renault-Nissan groups performed better (+ 0.5% and + 0.8% respectively) without being spectacular. The best scores are achieved by the groups Volkswagen (+ 5.2%), Hyundai-Kia (+ 6.3%) and Toyota (+ 8.8%), which benefit from new B and C segment SUVs of all of which correspond precisely to current demand: Volkswagen T-Roc, Seat Arona, Skoda Karoq, Hyundai Kona, Kia Stonic, Toyota CHR.
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2017 India Top 15 Models Market Review
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2017 India Top 15 Models Market Review
- Of a total of 3.2 million new passenger cars sold in India in 2017 (+ 9.6% compared to 2016), Suzuki placed nine models in the Top 15, including five in the first five places. The best-selling model remains the Suzuki Alto (258,000 units against 245,000 in 2016) which is one of the cheapest cars on the market. Following are the Suzuki Dzire (225 000 units against 202 000 in 2016), Suzuki Baleno (175 000 units against 107 000 in 2016), Suzuki Swift (167 000 units against 169 000 in 2016) and Suzuki R Wagon (167 000 units against 173 000 in 2016).
- Suzuki traditionally occupies half of the Indian market. It's the biggest market for Suzuki, far ahead of Japan. Competitors who have arrived on the Indian market over the past 20 years have not been able to overcome Suzuki's dominant position, despite major efforts to design small, low-margin models (Tata Nano, Renault Kwid, Hyundai i10), as the Indian market is primarily a small car market (A and B segments).
- A Segment accounts for 37% of the Indian market in 2017 and B segment 43%, so 80% overall for these two entry-level segments. The C segment makes up only 14% of the Indian market and the D market less than 6%.
- SUVs are still a minority in the Indian market (22% market share against 40% in China), and minivans an even smaller minority (8% market share). Sedans are still at 70% of the market.
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Russia 2017 Top 15 Models Market Review
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Russia 2017 Top 15 Models Market Review
- Of a total of 1.6 million new passenger cars sold in Russia in 2017 (+ 11.9% compared to 2016), the Hyundai-Kia group has placed three of its models in the top five of this market: Kia Rio (first, with 97,000 units, + 10.3%), Hyundai Solaris (fourth, with 69,000 units, -24.1%) and Hyundai Creta (fifth, with 55,000 units, + 152.2%) . Part of the customer base went directly from Solaris (which lost 22,000 sales) to Creta (which gained 33,000 sales). These three cars are manufactured at the Hyundai-Kia site in Saint Petersburg.
- Lada is doing better in 2017 than in 2016, with two models in the first three places: Granta (second with 94,000 units + 6.8%) and Vesta (third with 77,000 units +40 , 1%). Lada also places two other models in the Top 15: the Largus station wagon (eighth, with 34,000 units, + 14.5%) and the X-Ray SUV (ninth, with 33,000 units, + 67.1%).
- Renault achieves four models in the Top 15: the Duster SUV (seventh, with 44,000 units, -0.4%), the Kaptur SUV (twelfth, with 31,000 units, + 122.4%), the Logan (thirteenth, with 30,500 units, + 3.6%) and the Sandero (fourteenth, with 30,000 units, + 5.8%). The remaining four models in the Top 15 not mentioned above are the VW Polo three-box (sixth, with 49,000 units, + 1.9%), the Toyota RAV4 SUV (tenth, with 33,000 units, + 7.6%), the Chevrolet Niva SUV (eleventh, with 31,000 units, + 4.6%) and the Skoda Rapid (fifteenth, with 29,000 units, + 13.6%).
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Slowdown in European market growth in the first quarter of 2018
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Slowdown in European market growth in the first quarter of 2018
- While the growth of the European VP market (29 countries) reached 6.5% in 2016 and 3.3% in 2017, it suffered a sharp slowdown in the first quarter of 2018. Growth over the first three months of the year does not exceed 0.6%. This sudden stoppage is mainly due to the fall of the British market (-15.7% in March 2018 and -12.4% on the 3-month total 2018) which began in April 2017 but has increased since then. The British government has increased taxes on the purchase of cars from April 2017, as a first consequence of Brexit. After six years of growth (2011), the British car market recorded its first drop in 2017 (-5.7%), with 2.54 million units. In 2018, the UK market is expected to continue to decline, probably by more than 5%.
- Other markets are struggling, such as the Scandinavian countries (Denmark: -4.9% on cumulative 3 months 2018, Sweden: -2.2%, Norway: -11.6%), Ireland (-5 , 4%) or Italy (-1.4%), while Germany (+ 4%), France (+ 2.9%), Spain (+ 10.5%) continue to progress.
- The 12 Eastern European countries continue to record strong increases (+ 11.8% for all of these countries in the first three-months of 2018, while the 17 Western European countries recorded an overall decrease of 0 , 3%). The strongest gains came from Hungary (+ 29.8%), Croatia (+ 28.7%), Romania (+ 28.6%) and Bulgaria (+26.2%). %) which are small markets ( 2% of the total 29 countries European market).
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Korea 2017 Top 15 Models Market Review
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Korea 2017 Top 15 Models Market Review
- Of a total of 1.5 million new passenger cars sold in South Korea in 2017 (-1.8%), the Hyundai Grandeur (D segment sedan), which was completely renewed in 2016, became the best-selling car on this market, supplanting for the first time the Hyundai Sonata which had been Korean market leader for several years. The Hyundai Grandeur nearly doubled its year-over-year sales (from 69,000 to 132,000 units), while the Hyundai Sonata’s, (the automaker's other D-segment sedan), sales stagnated (from 82 000 to 83,000 units).
- Hyundai has five models in the Top 15, including three in the first three places (Grandeur, Elantra, Sonata). The following three places are held by Kia models (Sorento, Picanto, Carnival). It can be seen that of the six best-selling models in Korea, all of which belong to the Hyundai-Kia group, four are rather mid-range (D-segment) models, which suggests that the Korean market is a very different market relative to the Japanese and European markets, which favor the lower segment models (B and C).
- In the Korean Top 15, B and C segment cars are in the minority. There are six: Hyundai Elantra, Kia Picanto, Ssangyong Tivoli, Chevrolet Spark, Hyundai Tucson and Kia Sportage. There are also five SUVs in the Korean Top 15 (Kia Sorento, Ssangyong Tivoli, Hyundai Santa Fe, Hyundai Tucson, Kia Sportage).
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