Production achievements (PC+UV): UK 10 months 2016 and forecast 2017
- Details
Production achievements (PC+UV): UK 10 months 2016 and forecast 2017
- A quarter of car production in UK is sold in Great Britain each year. The level of the UK market therefore has a certain, but however not significant, impact on the volume of local production.
- The British market grew in 2015 (+ 6.3%) and in 2016 (+ 2.5%). But Inovev expects a 5% decline in the UK market in 2017, following the uncertainties surrounding the Brexit vote, even if it has not yet materialized, and the rise in the price of imported cars (which account for about 85% of the market), a consequence of the fall of the sterling pound (following the vote).
Taking these elements into account, the UK market is expected to decline not only in 2017, but also in the next two years.
Taking these elements into account, the UK market is expected to decline not only in 2017, but also in the next two years.
- However, British car production is unlikely to be affected by this decline, as it is mainly the imports which will be impacted. Moreover, the fall of the sterling pound will favours exports, and therefore local production. After rising 9% in the first 10 months of 2016, British car production will continue to grow in 2017, but Inovev expects however a growth which should not exceed 3%. Such an increase in production is drawn by the rise of Jaguar XE, XF and F-Pace from Tata group (Jaguar and Land Rover) the arrival of the Mini Coutryman in Cowley. These vehicles will offset the lose of production of the Nissan Note in Sunderland.
Contact us: info@inovev.com
Read more... Production achievements (PC+UV): UK 10 months 2016 and forecast 2017
Production achievements (PC+UV): Spain 10 months 2016 and forecast 2017
- Details
Production achievements (PC+UV): Spain 10 months 2016 and forecast 2017
- A fifth of car production in Spain is sold in Spain each year. The level of the Spanish market therefore has a certain, but however not significant, impact on the volume of local production.
The Spanish market grew strongly in 2015 (+ 21%) and in 2016 (+ 11%) thanks to the PIVE plan.
For2017, Inovev expects still a growth but a smaller one (+ 6%).
The Spanish market grew strongly in 2015 (+ 21%) and in 2016 (+ 11%) thanks to the PIVE plan.
For2017, Inovev expects still a growth but a smaller one (+ 6%).
- The evolution of production in Spain will indeed be impacted by the exports (and therefore the European market) and the arrival of new models on the Spanish sites. Over the last two years, the Spanish sites have welcomed the Opel Mokka, Renault Kadjar, Nissan Pulsar, Ford Mondeo, Ford Galaxy, Ford S-Max, Citroën C4 Cactus and the new generations of Renault Mégane and Opel Corsa. These models boosted the Spanish production in 2015 (+ 19%).
In the first 10 months of the year 2016, production kept on increasing, but only by 9%, a growth twice lower.
This results from:
In the first 10 months of the year 2016, production kept on increasing, but only by 9%, a growth twice lower.
This results from:
-1. A Spanish market growth twice lower in 2016 compared to 2015
-2 . A slower growth in the European market
-3. No new products on Spanish sites in 2016.
By 2017, Inovev expects a growth of the Spanish car production of nearly 9% (i.e; similar to 2016), notably thanks to the arrival of the new Seat Ibiza, VW Polo, Opel Meriva, Citroen C3 Aircross. Spanish production is expected to surpass for the first time the 3 million units.
Contact us: info@inovev.com
Read more... Production achievements (PC+UV): Spain 10 months 2016 and forecast 2017
Production achievements: France 10 months 2016 and forecast 2017
- Details
Production achievements: France 10 months 2016 and forecast 2017
- One quarter of French car production is sold in France each year.
The level of the French market therefore has a certain importance on the volume of local production.
The level of the French market therefore has a certain importance on the volume of local production.
- The French market grew in 2015 (+ 6.8%) and in 2016 (+ 5.0%), in comparison to previous years.
For 2017, Inovev expects a lower growth (+ 2.5%) in the French market.
For 2017, Inovev expects a lower growth (+ 2.5%) in the French market.
- Taking into account this parameter, and, in addition, the volume of exports expected in 2017 , in a world market whose growth will decrease in 2017, the pace of cruising of the novelties produced in France and launched in 2016 (Peugeot 3008, Peugeot 5008, Citroën Jumpy, Peugeot Expert, Toyota Proace, Fiat Talento, Renault Scenic, Nissan NV300, Nissan Micra, Alpine Berlinette and Citroën e-Mehari), a production increase by 4% can be expected in 2017, and this in spite of the transfer of the Citroën C3 from Poissy (France) to Trnava (Slovakia).
- France will thus remain far behind Germany and Spain in terms of volume production, and will still remain very far from its levels reached in the early 2000s. But the volume which should be reached in 2017 will still be the best recorded since 2011. In the 10 first months of 2016, French car production increased by 2% (instead of the 5% expected for the whole year), as some models announced in 2015 started in 2016 later than expected, which has shifted in time their production rise.
However, growth is expected to increase by the end of December.
However, growth is expected to increase by the end of December.
Contact us: info@inovev.com
Read more... Production achievements: France 10 months 2016 and forecast 2017
Production achievements: Germany 10 months 2016 and forecast 2017
- Details
Production achievements: Germany 10 months 2016 and forecast 2017
- A quarter of German car production is sold in Germany each year.
The level of the German market therefore has a certain importance on the volume of local production.
The level of the German market therefore has a certain importance on the volume of local production.
- The German market grew in 2015 (+ 5.6%) and in 2016 (+ 4.6%).
For 2017, Inovev expects a quasi-stagnation (+ 1.5%) of the German market.
For 2017, Inovev expects a quasi-stagnation (+ 1.5%) of the German market.
- Taking into account this parameter and, in addition, the volume of exports expected in 2017, in a world market whose growth will decrease (Chinese market growth lower due to the end of part of reductions tax reductions on small cars, the US market at the end of a cycle, a slowdown in the European market after three consecutive years of growth), we can expect a German car production stagnating in 2017, the production remaining however at a very high level (6 million units, close to that of the years 2014, 2015 and 2016).
- Germany will thus remain by far the leading European car producer country, far ahead of Spain, France and Great Britain.
As Inovev had foreseen in the analysis of 3 May 2016, German car production is likely to grow by close to 0% for the whole of 2016, with growth of only 0.8 % over the first 10 months of the year (and it is known that the last two months of the year will not be excellent in terms of market).
As Inovev had foreseen in the analysis of 3 May 2016, German car production is likely to grow by close to 0% for the whole of 2016, with growth of only 0.8 % over the first 10 months of the year (and it is known that the last two months of the year will not be excellent in terms of market).
Contact us: info@inovev.com
Read more... Production achievements: Germany 10 months 2016 and forecast 2017
Production achievements: Japan 10 months 2016 and forecast 2017
- Details
Production achievements: Japan 10 months 2016 and forecast 2017
- Half of cars produced by Japanese carmakers in Japan are sold in Japan (i.e 4.5 million vehicles out of 9 million manufactured in Japan on average in recent years), which means that the domestic market has a great impact on the production of Japanese carmakers in Japan. Especially since imports play a marginal role in vehicle sales in Japan (less than 10% of total sales).
- The Japanese market experienced two very negative years in 2015 and 2016 (-9.3% in 2015 and -2.5% in 2016).
These two consecutive declines have had a direct impact on automobile production, which has declined in the last two years (-5% in 2015 and -5.6% in 2016).
These two consecutive declines have had a direct impact on automobile production, which has declined in the last two years (-5% in 2015 and -5.6% in 2016).
- For 2017, however, we can expect a relaunch in Japanese production, partly due to the likely recovery in the Japanese market (which is starting to show signs of recovery since last summer), arrival of novelties produced locally, and also the continuous growth of markets in Southeast Asia which are supplied in part, by Japanese production.
- Inovev forecasts a production of 9.14 million vehicles in Japan in 2017, compared with a volume of 8.76 million in 2016 (extrapolated over 10 months), which represents an increase of 4.4% in one year on the other.
Contact us: info@inovev.com
Read more... Production achievements: Japan 10 months 2016 and forecast 2017
Inovev platforms >