Argentinian market up 29.9% over the first nine months of 2017
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Argentinian market up 29.9% over the first nine months of 2017
- The Argentinian market (PC + LCV) increased by 14.4% in September 2017, confirming a slowdown in the growth of this market observed since the beginning of the year (see chart). On the 2017 9 months total, the Argentinian market increased by 29.9% to 675,000 units, whereas it increased by only 7.7% in 2016 compared to 2015.
- At the current rate, the Argentinian market could reach 785,000 units for the whole of 2017, which represents an increase of 15% compared to 2016. But it will still take time to reach the record of 2013 ( 945,000 registrations).
- Compared to the Brazilian market, to which it remains closely linked (particularly in terms of the economic situation of the entire region, of imports and exports, and, of course, of its proximity), the Argentinian market has returned to a growth situation since 2016, whereas the Brazilian market (three times bigger) restarted only in 2017.
- Another difference between the two South American markets: while the Brazilian market consists of 17 to 18% of light commercial vehicles, this share reaches 23% for the Argentine market (mainly pick-ups).
- Four brands occupy 56% of the market in 2017: Volkswagen (16%), Chevrolet (14%), Renault (13%) and Ford (13%). Compared to the Brazilian market, Renault supplants Fiat in the Argentinian market.
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Read more... Argentinian market up 29.9% over the first nine months of 2017
Canadian market up 5.5% in the first nine months of 2017
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Canadian market up 5.5% in the first nine months of 2017
- The Canadian market (PC + LCV) increased by 7.7% in September 2017, a figure that confirms , like the US market, the continued growth of this market since 2009.
- On the 2017 9-month total, the Canadian market grew by 5.5% to 1.59 million units, of which 68% were light trucks (pick-ups, SUVs, minivans) and 32% were passenger cars.
- The proportion of light trucks in sales in Canada has increased steadily since 2009, for example, the proportion was 65% of light trucks and 35% of private cars in 2016.
- The share of light trucks in Canada has even exceeded that seen today in registrations in the United States, which is 64% in 2017 against 60% in 2016. Canada has thus become one of the world’s strongest markets in light trucks.
- As for the overall Canadian market , at the current pace, it could reach 2,065 million units over the whole of 2017, which would set a new record, this market having never reached or exceeded the bar of two million units. It stood at 1.95 million units in 2016.
- Four groups occupy 53% of the market in 2017: Ford (15%), GM (14%), Fiat-Chrysler (13%) and Toyota (11%). These four manufacturers also produce locally.
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Read more... Canadian market up 5.5% in the first nine months of 2017
The Chinese market is up 4.8% in the first nine months of 2017
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The Chinese market is up 4.8% in the first nine months of 2017
- The Chinese market (PC + LCV) increased by 4.8% in the first nine months of 2017 with a volume of 20.2 million units.
- This result confirms the trend observed since the beginning of the summer, that is to say a growth of about 5%, much lower than that recorded in 2016 which had been boosted by purchase incentives (reduction of taxes on models less than 1600cc). At this rate, the Chinese market should be between 29 million and 29.5 million registrations throughout the year. This figure will now represent 30% of the world market.
- One must recall that China has 46 national manufacturers plus 15 foreign manufacturers, so sixty one manufacturers in total producing locally. It is the country that has the most automotive manufacturers. The number of manufacturers is expected to decrease over the next five years, to reach a total of about forty manufacturers.
- In 2017, seven manufacturers have more than half of the Chinese market: the Volkswagen group (15%), the GM group (14%), Honda (5%), Changan (5%), Geely (5%), Renault- Nissan (5%) and Toyota (5%). Among these seven manufacturers are two independent Chinese manufacturers (Changan and Geely), two Europeans (Volkswagen and Renault-Nissan), two Japanese (Honda and Toyota) and one American (GM).
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Read more... The Chinese market is up 4.8% in the first nine months of 2017
The Indian market is up 9.1% in the first nine months of 2017
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The Indian market is up 9.1% in the first nine months of 2017
- The Indian market (PC + LCV) increased by 9.1%, with a volume of 3.0 million units in the first nine months of 2017. The increase was even 13.9% in September 2017, which confirms the trend of acceleration observed for several months.
- At this rate, the Indian market could reach 4 million PC + LCV registrations in 2017, up from 3.67 million in 2016, 3 million in 2010 and 1 million in 2004. The Maruti-Suzuki manufacturer alone represents 40% of the Indian market.
- The takeoff of the Indian market dates from the same period as the takeoff of the Chinese market, although it remains smaller in volume (the Chinese market will be closer to 30 million units in 2017), despite a population equivalent in number.
- The middle classes who can acquire new vehicles are much less numerous in India than in China. The car ownership rate is three times lower in India than in China (50 versus 125 cars per 1,000 inhabitants). In addition, most cars sold in India are A and B segment models, while in China they are more C and D segment models. The difference between India and China is therefore major.
- The growth of the Indian market should be sustained in the coming years, even greater than that of the Chinese market, but the difference between the volume of registrations in these two markets will still be significant.
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Read more... The Indian market is up 9.1% in the first nine months of 2017
The Japanese market is up 8.8% in the first nine months of 2017
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The Japanese market is up 8.8% in the first nine months of 2017
- The Japanese market (PC + LCV) increased by 8.8% over the first 9 months of 2017. The volume sold over the first 9 months of 2017 was 4.11 million units.
- In September 2017, growth was however less strong (less than 5%), which indicates a slowdown compared to the last six months. This slowdown in growth could be accentuated in the last quarter of 2017. This trend, which has started since the end of the summer, has been disappointing since the fourth quarter of 2016, the Japanese market had restarted well, following the declines recorded in 2015 and 2016 (first three quarters).
- As Inovev has maintained for several years now, the Japanese market will not be able to return to its highest levels, because of a high rate of car ownership, a saturated automotive park , the aging of the population and the lack of interest of the younger generations for this type of mobility. Honda recently corroborated these forecasts, stating that the Japanese market could not increase in the medium and long term, and that this is one of the reasons that prompted it to close its historic Sayama factory, where it had begun the Honda adventure in the 60s.
- The year 2017 should therefore end with a volume of registrations in the order of 5.3 million units relative to 5 million in 2016, but 5.4 million in 2014, 5.9 million in 2005 and 6 million in 2000.
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Read more... The Japanese market is up 8.8% in the first nine months of 2017
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