PSA Acquisition of Ambassador
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PSA Acquisition of Ambassador
- The PSA group has announced the acquisition of Ambassador, an Indian firm which belonged to the Hindustan group between 1957 and 2014 and manufactured the Morris Oxford sedan produced in England between 1954 and 1958. The Ambassador was first a high-range car for senior officials and members of the Indian government, which afterwards became the favorite car for taxis. There are 600,000 Ambassadors in circulation in India today. The Calcutta plant that manufactured the Ambassador has been closed since 2014 and the PSA group does not plan to reactivate it, preferring to establish operations in Chennai, where many manufacturers are already present, such as Renault-Nissan, Ford and Hyundai-Kia.
- The French manufacturer plans to build 100,000 new generation cars per year , marketed under the Ambassador brand which remains very well known in India . Production in JV with the Indian group CK Birla (new owner of Hindustan) could start in 2020 and would allow the PSA group to regain footing on Indian soil after its experience of the 90s.
- The acquisition of Ambassador by PSA constitutes an important new step in their strategy of implantation and expansion in emerging markets, after North Africa, sub-Saharan Africa, and Iran.
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Mexico Automotive ( PC +LCV ) Market in 2016
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Mexico Automotive ( PC +LCV ) Market in 2016
- The Mexican automotive market (PC + LCV) accelerated its growth in 2016 (+ 18.6% compared to 2015) to reach a new record. This market has thus exceeded 1,600,000 units (against 1,350,000 units in 2015) and is expected to approach 1,850,000 units in 2017, due to a solid level of economic activity and a relatively low motorization rate. The light trucks category (SUVs, pick-up trucks, MPVs ,the vehicle classification being identical to that of the United States and Canada ) saw its sales increase by 17% while sedan sales rose by 20%. The share of light trucks on the Mexican market is now 34% and that of sedans 66%.
- Most major manufacturers saw their sales increase in 2016 (except Mazda). Renault-Nissan (433,000 sales) remains by far the leader of the Mexican market, with 27% , ahead of GM (309,000) and Volkswagen (247,000). Sales for Toyota (105,000), Ford (102,000), Hyundai-Kia (94,000), Honda (90,000), and FCA (88,000) are substantially lower. The strongest growth in 2016 was recorded by Hyundai-Kia (+ 153%), Toyota (+ 24%), GM (+ 20%) and Honda (+ 19%). These four manufacturers gained market share in a market at + 18.6%.
- In 2016, 46% of the vehicles sold in Mexico come from Mexican factories, while 54% are imported.
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Honda Group Global Market Situation in 2016
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Honda Group Global Market Situation in 2016
- The Honda Group (Honda, Acura) has released sales figures for 2016. Worldwide sales are 4.5 million vehicles, a 3% increase (130,000 units) on 2015.This increase is less than the overall global growth of car sales (+ 4.6%). Honda, however, remains the eighth worldwide manufacturer, just behind FCA.
- Honda's global sales in 2016 break down as follows:
1. The United States is its first market, with 1.64 million vehicles (+ 3.2%), for 36% of its worldwide sales.
2. China is its second largest market, with 1.22 million vehicles (+ 22.2%) for 27% of its worldwide sales.
3. Japan is its third market with 707,000 vehicles (-2.8%), for 16% of its worldwide sales.
4. Europe is its fourth largest market, with 160,000 vehicles (+ 20.9%), for 4% of its worldwide sales.
- These four markets account for 83% of the Honda Group's worldwide sales in 2016, with 4.31 million Honda vehicles and 0.19 million Acura-brand vehicles.
- Honda's best-selling models in 2016 are HRV (725,000 units), CRV (710,000 units), Civic (665,000 units) and Accord (520,000 units). The HRV experienced the group's strongest growth last year, with global sales up 38.4%.
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FCA Group Global Market Situation in 2016
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FCA Group Global Market Situation in 2016
- The FCA Group (Fiat, Alfa, Lancia, Maserati, Chrysler, Dodge, Ram, Jeep) released its sales figures for the year 2016. Worldwide sales amount to 4.7 million vehicles, an increase of 2.2% compared with 2015 (ie 100 000 units). This increase is less than the overall global growth of car sales (+ 4.6%). The FCA group (Fiat Chrysler Automobiles) remains the seventh-largest carmaker in the world, just ahead of Honda.
- The global sales of FCA group in 2016 break down as follows:
1. The United States is its first market, with 2.26 million vehicles (+ 0.6%), for 48% of its worldwide sales.
2. Europe is its second largest market, with 1.15 million vehicles (+ 13.4%), for 24% of its worldwide sales.
3. South America is its third largest market, with 460,000 vehicles (-19.4%), for 10% of its worldwide sales.
4. China is its fourth largest market, with 146,000 vehicles (+ 270%), for 3% of its worldwide sales.
- These four markets account for 85% of the global sales of the FCA Group in 2016, comprising 1.56 million Fiat vehicles, 1.37 million Jeep vehicles, 0.66 million Ram vehicles, 0.62 million Dodge vehicles , 0.31 million Chrysler vehicles and 0.18 million Alfa-Lancia-Maserati vehicles. The best-selling models of the group in 2016 are the Ram pick-up (595,000 units), Jeep Cherokee (355,000 units) and Grand Cherokee (270,000 units).
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Ford Group Global Market Situation in 2016
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Ford Group Global Market Situation in 2016
- The Ford Group (Ford, Lincoln) has released its sales figures for the year 2016.Worldwide sales amounted to 6.7 million vehicles, an increase of 0.9% (or 60,000 units) compared with 2015. This slight increase (compared to global growth of more than 4.5%) is explained by the aging of the manufacturer's product line: Focus (733,000 units) lost 11.1% of its sales, Fusion / Mondeo 11.4% (480,000 units) and the Fiesta 16.6% (450,000 units). Fortunately, the Ford F-Series (the highest selling vehicle in the world) saw its sales increase by 7.7% (990,000 units).
- Global sales in 2016 by the Ford group (the sixth largest in the world) break down as follows:
1. The United States is its first market, with 2.6 million vehicles (-0.1%), for 39% of its worldwide sales.
2. Europe is its second largest market, with 1.32 million vehicles (+ 3.1%), for 20% of its worldwide sales.
3. China is its third largest market, with 950,000 vehicles (+ 9.2%), for 14% of its worldwide sales.
4. South America is its fourth largest market, with 310,000 vehicles (-18.7%), for 5% of its worldwide sales.
- These four markets account for 78% of the Ford Group's global sales in 2016, with 6.57 million Ford vehicles and 0.13 million Lincoln vehicles. The best-selling models of the group in 2016 are Ford F-Series (990,000 units), Ford Focus (733,000 units) and Ford Kuga / Escape (620,000 units).
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