Mercedes has started construction of an assembly plant in Russia
- Details
Mercedes has started construction of an assembly plant in Russia
- Mercedes started construction of an assembly plant in Russia, in Essipovo (near Moscow). The German carmaker believes in the strong potential of the Russian market, especially in terms of Premium vehicles. This construction of a factory in Russia (the first for Mercedes) is effective at the moment when the Russian market is emerging from a crisis of four years, the consequence of both economic sanctions taken by Western countries against Russia (Ukraine and Crimea affairs) ,and the sharp drop in oil prices (following the revival of oil production in the United States).
- What is Mercedes‘ position on the Russian market? Mercedes sales in Russia have increased from 5,000 units in 2005 to 20,000 units in 2008 and 60,000 units in 2014. They have fallen to 50,000 units in 2015 and 43,000 in 2016, but in the context of the Russian market crisis. Mercedes' market share in Russia is now 3%. Mercedes became the first Premium brand sold in Russia, ahead of BMW, Audi and Lexus.
- The best-selling vehicles on this market are GLE, Sprinter, GLC, Class E and GLS. As for the Sprinter, it should be remembered that it is already manufactured in Russia since the second half of 2013 on the site of the Russian manufacturer GAZ, located in Nizhny Novgorod. The four other models (GLE, GLC, Class E, GLS) will , as of 2019, be assembled in the factory under construction in Essipovo. This site could assemble up to 30,000 vehicles per year.
Contact us: info@inovev.com
Read more... Mercedes has started construction of an assembly plant in Russia
The future Ford Focus for the US market will be imported from China
- Details
The future Ford Focus for the US market will be imported from China
- The new generation of the Ford Focus which will be marketed in North America (USA, Canada, Mexico) from 2019 (the European version is due to be launched at the end of 2018), will be imported from China instead of Mexico ( a new plant located in San Luis Potosi or an existing plant located in Hermosillo) as originally planned. This announcement was made last month by the American manufacturer.
- In 2016, the Ford Focus was one of the best-selling sedans in the world (nearly 700,000 sales).
- It is currently produced in Europe (255,000 units in 2016), China (217,000 units), the United States (162,000 units), Argentina (39,000 units) and Russia (12,000 units). Each plant supplies its own market. Beginning in 2019, this situation is expected to change as China is expected to supply both the Chinese and the North American markets.
- China is expected to produce 400,000 Focus each year from 2019 (reaching a level already reached in 2013 and 2014), of which nearly half will be exported to North America.
- The Wayne, Michigan plant, which produces the Focus for the North American markets today, will stop this activity at the end of 2018 and concentrate on manufacturing the future Ranger (to be launched in 2019) and Bronco ( to be launced in 2020) light trucks. Production of the new Focus generation will start in Chongqing (China) in early 2019.
Contact us: info@inovev.com
Read more... The future Ford Focus for the US market will be imported from China
Growth in the new car market fuels growth in the used car market
- Details
Growth in the new car market fuels growth in the used car market
- The growth of the new market is fueling the growth of the second-hand market. Indeed, if we look at the evolution of the domestic new car market in the five main European markets, between 2006 and 2016, it should be noted that the increase in sales of new cars in these five markets is not at the expense of sales of used cars, but rather that it favors the sales of used cars. Thus, the recovery of European markets from 2012-2014 has been accompanied in parallel by robust growth in sales of second-hand cars .
- Were sold in 2016:
1 / In Germany: 7.4 million used cars for 3.35 million new cars (rate: 2.2).
2 / In England: 8.2 million used cars for 2.7 million new cars (rate: 3.0).
3 / In France: 5.7 million used cars for 2.0 million new cars (rate: 2.85).
4 / In Italy: 3.5 million used cars for 1.8 million new cars (rate: 1.95).
5 / In Spain: 1.9 million used cars for 1.15 million new cars (rate: 1.65).
- England, therefore, ranks among the five largest European markets in terms of the highest / highest rate, ahead of France and Germany. Italy and Spain have the lowest rates.
Contact us: info@inovev.com
Read more... Growth in the new car market fuels growth in the used car market
Kia unveils the Stonic its B segment SUV
- Details
Kia unveils the Stonic its B segment SUV
- Korean carmaker Kia unveiled its B segment SUV, the Stonic, which is expected to gradually replace the B-segment MPV, the Venga, whose origins date back to 2010. Manufacturers are increasingly replacing their compact segment minivans B by segment B SUVs, in response to a sharp decline in compact MPV sales and a strong demand for compact SUVs. Thus, we saw Renault replace the Modus by the SUV Captur, Opel replace the Meriva by the SUV Crossland or Citroën replace the C3 Picasso by the C3 Aircross SUV. Peugeot replaced its 207 estate with the 2008 SUV and Seat replaced its Altea with the Ateca SUV.
- The new Stonic, by its dimensions (length: 4.14m), competes directly with the Renault Captur (4,12m), Peugeot 2008 (4,16m) and Nissan Juke (4,14m). It measures 7cm more than a Kia Venga and 34cm less than a Kia Sportage. For the moment, the Stonic (which is built on the Hyundai Kona platform) is made in Korea alongside the Hyundai Kona, but it could eventually take the place of the Venga on the assembly lines of Kia’s Zilina site in (Slovakia). Inovev expects a volume of 75,000 to 100,000 sales in Europe over a full year. In Korea, Kia has announced its intention to sell 50,000 Stonic per year. The Stonic's engines include the following: a 1.3-liter gasoline engine, a 2.0-liter gasoline engine, a 4-cylinder gasoline engine, a 177-hp turbocharged gasoline1.6 engine , and a 115 hp and 135 hp diesel-powered 1.6- 4cylinder engine.
Contact us: info@inovev.com
Inovev predicts 300,000 VW Polo produced per year in Europe
- Details
Inovev predicts 300,000 VW Polo produced per year in Europe
- The Volkswagen Group has unveiled the sixth generation of the VW Polo, although the previous one had a production peak in 2016. This B segment model has become one of the best-selling models in Europe. In 2016, VW Polo finished second in the market (with 286,000 sales), behind the VW Golf (455,000 sales) and ahead of the Renault Clio (283,000), Ford Fiesta (278,000) and Opel Corsa (247,000). All the Polos sold in Europe are made in VW’s Spanish factory in Pamplona, which produced just over 320,000 cars last year.
- Polo is also produced in China (178,000 units in 2016) for the Chinese market, Russia (48,000 units in 2016) for the Russian market and India (52,000 units in 2016) for the Indian market. In total, 601,000 Polo were produced worldwide last year, making it the most produced B segment model.
- The new Polo, based on the MQB-A0 platform (used by the recent Seat Ibiza), will try to retain this leadership. Inovev expects a production of 300,000 Polo in Pamplona in full year, slightly lower than the current model because the new B segment Volkswagen SUV should capture some potential Polo customers.
- The engines of the new Polo are the following: 1.0 gasoline 65hp, 1. 0 gasoline turbo 95hp and 115hp, 1.5 gasoline turbo 148hp, 2.0 gasoline turbo 197hp and 1.6 diesel 80hp and 95hp. The 1.4 diesel 75hp and 90hp have been discontinued.
Contact us: info@inovev.com
Read more... Inovev predicts 300,000 VW Polo produced per year in Europe
Inovev platforms >