Inovev forecasts a production of 300,000 units per year for the new Kia Picanto
- Details
Inovev forecasts a production of 300,000 units per year for the new Kia Picanto
- Shortly after the introduction of the new Rio (segment B sedan), Korean carmaker Kia unveiled the third generation of the Picanto, its segment A sedan, sold both in Asia and Europe.
- In 2015, the Picanto was produced at 248,000 units in the sole plant that produces it, Sohari in Korea. In 2016, no more than 210,000 vehicles were produced, a 15% decrease from the previous year. This decrease can be explained by the end of life of the model launched in 2011.
- The new Kia Picanto marketed in 2017 keeps the main features of its predecessor that made its success.
Kia targets 300,000 worldwide sales a year. Inovev is in agreement in its forecast with this figure.
Kia targets 300,000 worldwide sales a year. Inovev is in agreement in its forecast with this figure.
- The new Kia Picanto is based on the platform used on the recent Hyundai i10 (segment A sedan) which is its most direct competitor, even if it is part of the same group (Hyundai-Kia). Picanto is well ahead of the i10 in terms of global sales, as the i10 will not exceed 160,000 units in 2016 (162,000 in 2015). But it is to note that i10 exists in an extended version called Grand i10 much more produced (176 000 copies in 2015 and 198 000 in 2016).
- The new Picanto has the same engines as the i10: a 3-cylinder 1.0 engine of 66hp and a petrol engine 4 cylinders 1.2 of 87hp.
Contact us: info@inovev.com
Read more... Inovev forecasts a production of 300,000 units per year for the new Kia Picanto
Inovev forecasts 130,000 units per year of the new Chevrolet Traverse
- Details
Inovev forecasts 130,000 units per year of the new Chevrolet Traverse
- The US carmaker General-Motors unveiled the new generation of the SUV Traverse at the 2017 Detroit Motor Show. The previous generation of Traverse dates back from 2008 and was restyled in 2013.
- The Traverse SUV is traditionally a vehicle designed to carry eight passengers. Due to its dimensions (nearly 5.20m long), it can be categorized as an E-segment vehicle. It is positioned, in the range of Chevrolet SUVs, above the Chevrolet Equinox (4.80m) and below the Chevrolet Suburban (5.70m).
- In the GM group, the Traverse shares its platform with the Buick Enclave (launched in 2007), GMC Acadia (renewed in 2016) and Cadillac XT5 (launched in 2016).
- The SUV Traverse is equipped with the following engines: a 2.0-liter 4-cylinder petrol engine with direct injection of 194 hp and a 3.6-liter V6 gasoline of 310 hp.
- Inovev forecasts a volume of 130,000 produced annually at the Lansing site (USA), equivalent to the volume reached by the previous generation.
- In the E-segment SUV market, the Chevrolet Traverse is less sold than the traditional American SUVs, Ford Explorer and Jeep Grand Cherokee. The Chevrolet model competes more with with models from Japanese (Honda and Toyota) and Korean (Hyundai and Kia) carmakers.
Contact us: info@inovev.com
Read more... Inovev forecasts 130,000 units per year of the new Chevrolet Traverse
PSA will produce a new pick-up in Tunisia from 2018
- Details
PSA will produce a new pick-up in Tunisia from 2018
- The PSA group will produce a new pick-up in Tunisia from 2018. A local assembly site will be opened for this purpose, with a capacity of 1,200 units per year, where the manufacture of the new model will start from the summer of 2018.
- The production capacity of this assembly site is not significant for the Tunisian market. The installed capacity will be just over 2% of the Tunisian market (55 000 “Passenger Cars + Light Utility Vehicles” registered in 2015). But it is significant for the PSA sales: capacity superior to 20% of the volume of sales of the Peugeot brand. Peugeot registers currently 5,500 “PC + LUV” per year in Tunisia (208, 301, Bipper and Partner), being so the fifth carmaker in the country, in terms of sales. Peugeot is behind Renault, Kia, Volkswagen and Citroën. If only PCs are taken into account, Peugeot is fourth (see graph here below).
- This industrial project in Tunisia (with the support of STAFIM, the local Peugeot importer) is part of a broader PSA development strategy in Africa and the Middle East: construction of a plant in Kenitra, Morocco (100,000 cars per year from 2018 onwards), discussions under way for an industrial plant in Algeria, restart of production in Iran (100,000 cars in 2017 and 350,000 per year from 2020). PSA intends to reduce its dependence from the European market and take advantage of the potential of the Africa-Middle East region, which is expected to increase from 5.3 million vehicle sales in 2015 to 8 million in 2025, an increase of 50 % in ten years.
Contact us: info@inovev.com
Read more... PSA will produce a new pick-up in Tunisia from 2018
Production achievements: Russia 10 months 2016 and forecast 2017
- Details
Production achievements: Russia 10 months 2016 and forecast 2017
- Nearly 80% of car production in Russia is sold in Russia each year. The level of the russian market has therefore a very great impact on the volume of local production.
- The Russian market declined in 2015 (-35%) and in 2016 (-12%).
For 2017, Inovev expects an increase of the Russian market (+ 5%). But everything depends on whether the economic sanctions imposed on Russia will continue (Donald Trump's policy will have to be closely monitored) and whether or not the Russian government is helping to revive the car market in Russia and Consequently the automobile industry in Russia. It will also depend on when and how much this revival will take place.
For 2017, Inovev expects an increase of the Russian market (+ 5%). But everything depends on whether the economic sanctions imposed on Russia will continue (Donald Trump's policy will have to be closely monitored) and whether or not the Russian government is helping to revive the car market in Russia and Consequently the automobile industry in Russia. It will also depend on when and how much this revival will take place.
- Taking these parameters into account, Inovev expects a 9% increase in Russian production in 2017, thanks in particular to a revival of the local market. This recovery has been noticeable for several months, as the Russian market rose by 0.6% in November 2016 (the first increase since December 2014), down from 2.5% in October and 11% in September And 18% in August.
- It should be noted that the Russian Ministry of Trade and Industry expects a 7% increase in Russian car production in 2017. It should be noted that in the first 10 months of 2016, Russian car production decreased by almost 9% While it had fallen by 27.5% in 2015 compared to 2014.
Contact us: info@inovev.com
Read more... Production achievements: Russia 10 months 2016 and forecast 2017
PSA reorganizes the European production of the Peugeot 208
- Details
PSA reorganizes the European production of the Peugeot 208
- As the capacity of the PSA plant in Trnava (Slovakia) is insufficient to produce 400,000 vehicles in 2017 and in 2018, the PSA group has decided to transfer a volume of 70,000 Peugeot 208 from Trnava to the French site of Poissy, which already manufactures some of these models for the European market.
- Indeed, the Slovak site of Trnava has just started manufacturing the new Citroën C3 (130 000 units per year), while it already produces the Peugeot 208 (220 000 units in 2016) and Citroën C3 Picasso (50 000 units In 2016), which is theoretically equivalent to a manufacturing program of 400,000 vehicles per year, with a capacity of 300,000 units per year that could be increased by only 10% (to 330,000 units per year) in extreme cases.
- Even if the Citroën C3 Picasso is scheduled to be stopped in Trnava during the first half of 2017 (its replacement being produced on the GM site in Zaragoza, Spain), the manufacturing program will exceed the 300,000 units.
- The decision to transfer 70,000 Peugeot 208 from Trnava to Poissy in 2017 and 2018 will thus enable the plant to operate at less than 110% of its capacity and the Poissy plant to maintain a shift that otherwise would have been to removed.
The production volume of Poissy is expected to increase in 2017 from 133,000 units to 203,000 units, and in 2018 from 106,000 units to 176,000 units.
According to PSA, Poissy will be able to produce 200,000 vehicles per year from 2019, thanks to the new DS3.
The production volume of Poissy is expected to increase in 2017 from 133,000 units to 203,000 units, and in 2018 from 106,000 units to 176,000 units.
According to PSA, Poissy will be able to produce 200,000 vehicles per year from 2019, thanks to the new DS3.
Contact us: info@inovev.com
Read more... PSA reorganizes the European production of the Peugeot 208
Inovev platforms >