The global market growth over the first 5 months of 2016
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The global market growth over the first 5 months of 2016
- The global market (PC + LUV) rose 3% over the first five months in 2016 (first five cumulated months of 2016 compared to the first five cumulated months of 2015).
The growth, twice as big as that recorded in 2015 (+ 1.5% compared to 2014), is particularly due to:
The growth, twice as big as that recorded in 2015 (+ 1.5% compared to 2014), is particularly due to:
§an acceleration of the Chinese market (+ 6.5%) which still benefits from the 50% tax reduction on small cars.
§a European market growth (+ 10.0%), catching up some of the ground lost between 2008 and 2013.
§the market growth in India (+ 7.2%), Korea (+ 7.6%), Canada (+ 5.8%) and Mexico (+ 17.0%).
All these countries have benefited from favourable economic conditions.
All these countries have benefited from favourable economic conditions.
§the improvement of Argentine (+ 13.1%) and Ukraine (+ 54.6%) markets, that manage to record a positive year.
- Conversely, some major markets displayed a worse performance in 2016 than in 2015:
§US (+ 1.2%) and Turkey (+ 0.3%) markets which gradually tend to flat sales.
§the Brazilian market (-27.2%) which sinks deeper and deeper into crisis due to very weak economic conditions.
- Some markets, albeit still down, are experiencing a slight improvement.
This is the case of the Japanese (-4.8%) and Russian (14.6%) markets that have reduced their decline from 2015.
This is the case of the Japanese (-4.8%) and Russian (14.6%) markets that have reduced their decline from 2015.
- In total, these thirteen markets account for 86% of global sales in the first five months of 2016.
Their market share has not changed compared to last year.
Their market share has not changed compared to last year.
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Has the French carmakers’ production in France reached a new equilibrium level?
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Has the French carmakers’ production in France reached a new equilibrium level?
- The volume of production of PSA and Renault groups (Renault including Dacia) in France has slightly increased in 2014 and then in 2015. But the production of French carmakers in France remains around half the volume recorded between 2000 et 2006. The two French carmakers have produced in France 1.6 million vehicles in 2015, while they had made 2.5 million in 2007 and more than 3 million per year between 2000 and 2005.
- This decrease is explained by the fact that the two French carmakers have offshored their production massively from the year 2000. From 1.7 million units in 2000, the volume of offshored vehicles rose to 2.5 million in 2007 and 2.8 million in 2015.
The production share of vehicles produced by Renault and PSA outside France in Europe (at large with the Turkey and without Russia) increased from 36% in 2000 to 64% in 2015.
The production share of vehicles produced by Renault and PSA outside France in Europe (at large with the Turkey and without Russia) increased from 36% in 2000 to 64% in 2015.
- There was a relocation in France of Renault Trafic (2014), the arrival of the Mercedes Citan in Maubeuge (2015) and Nissan Micra in Flins (2016). But production of the SUV was concentrated in Spain (Citroën Cactus, Renault Captur et Kadjar).
- Finally, offshoring will not stop, since Renault and PSA decided to produce by 2020 all the Renault Clio, Peugeot 208 and Citroën C3 models outside France (and this means high volumes). It seems therefore that a new (low) equilibrium level of French carmakers’ production in France has been reached.
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What are the manufacturers who benefit most from the growth of the European market?
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What are the manufacturers who benefit most from the growth of the European market?
- The PC (Passenger Cars) European market recorded an increase of 9.7% over the first five months of 2016 (compared to the first five months of 2015).
This increase is due to a mechanical catch-up after six years of decline (-22% between 2008 and 2013). What are the manufacturers who benefit most from this new European market growth?
This increase is due to a mechanical catch-up after six years of decline (-22% between 2008 and 2013). What are the manufacturers who benefit most from this new European market growth?
- Among the 17 largest manufacturers in this market, 10 managed to increase their sales of more than 9.7% over the first five months of 2016, ie more than the increase in the European market as a whole: Tata ( + 38%), Honda (+ 33%), Mazda (+ 29%), CFA (+ 18%), Daimler (+ 15%), BMW (+ 14%), Suzuki (+ 12%), Geely (+ 12%), Hyundai-Kia (+ 12%) and GM (+ 10%). Tata took advantage of the good start of Jaguar XE and Land Rover Discovery Sport. Honda enjoyed the good start of the HRV.
- The 7 other manufacturers failed to increase sales by more than 9.7% over the first five months of 2016, ie they lost market share this year.: Toyota (+ 9%), PSA (+ 8%), Renault-Nissan (+ 7%), Ford (+ 6%), Volkswagen (+ 5%), Mitsubishi (-7%) and Subaru (-22 %).
- Note: Volkswagen and Mitsubishi are facing problems regarding the emissions and fuel consumption of their models.
As for Subaru, it appears that the range is no longer adapted to the market demand.
As for Subaru, it appears that the range is no longer adapted to the market demand.
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What are the manufacturers who benefit most from the growing Chinese market?
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What are the manufacturers who benefit most from the growing Chinese market?
- The PC (Passenger Cars) Chinese market recorded an increase of 7.6% over the first five months of 2016 (compared to the first five months of 2015).
This increase is partly due to the 50% reduction in taxes on small and medium vehicles implemented last year. What are the manufacturers who benefit most from this new growth of the Chinese market?
This increase is partly due to the 50% reduction in taxes on small and medium vehicles implemented last year. What are the manufacturers who benefit most from this new growth of the Chinese market?
- Among the 26 largest vehicle makers in this market, 11 managed to increase their sales by more than 7.6% over the first five months of 2016, ie by more than the rise in the Chinese market as a whole.
- 6 Chinese manufacturers (Chinese carmakers selling under their own brand names) are among the 11 manufacturers:
Beijing (+ 268%), Brilliance (+ 199%), Soueast (+ 76%), SAIC (+ 62%), Dongfeng (+ 29%) and JAC (+ 20%) .
Beijing took advantage of the start of production of Borgward.
Beijing (+ 268%), Brilliance (+ 199%), Soueast (+ 76%), SAIC (+ 62%), Dongfeng (+ 29%) and JAC (+ 20%) .
Beijing took advantage of the start of production of Borgward.
- 5 non-Chinese manufacturers complete the list of 11 manufacturers: FCA (+ 216%), Daimler (+ 46%), Honda (+ 28%), Toyota (+ 19%) and Renault-Nissan (+ 11%). FCA takes advantage of the start of production of the Jeep and Renault-Nissan that of Renault.
- Other manufacturers were not able to increase their sales by more than 7.6%. They lost market share. We can note in this category the leader groups: VW (+ 5%), GM (+ 4%), Hyundai-Kia (-7%) and Changan (-3%), but also the Chinese Chery (+ 0%), Geely ( + 7%), Great Wall (+ 6%), BYD (-8%) and non-Chinese Ford (+ 3%), BMW (-1%) and PSA (-20%).
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The PSA Rennes plant will survive thanks to three new models
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The PSA Rennes plant will survive thanks to three new models
- Built in 1960 in order to produce the Citroën Ami 6, the PSA Rennes plant became later the production site of the Citroën GS, BX, Xantia and C5. It welcomed Peugeot models from 2004, first one being the Peugeot 407. At that time, the production capacity was 300,000 vehicles per year.
- The Rennes plant suffered much in the years 2005-2015 from the sales decline of mid-range and high-range sedans, caused by the strong growth of SUV sales.
- Rennes plant production capacity was then reduced by 50% from 300 000 to 150 000 vehicles per year, and some experts even predicted a 2020 closure of this factory dedicated to medium sedans and high range of the PSA group. Finally, the Rennes plant will not close.
- The PSA group has decided a new product plan which loads the plant from 2016 to 2018:
§In 2017, will start the manufacture of the new 5008 (or 6008), a large SUV based on the platform EMP2.
§In 2018, will start the manufacture of the new Citroën C4 Aircross, a compact SUV based on the platform EMP2.
§In 2018, will start the manufacture of the replacement for the Peugeot 508, based on EMP2 platform.
§These three models (C5 will not be replaced) should saturate the plant capacity (150 000 units).
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