Sales of electric passenger cars in China in 2015
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Sales of electric passenger cars in China in 2015
- Over the ten months of 2015, the production of electric passenger cars (BEV PHEV) reached 122 000units. In details: 75 747 electric cars and 46 784 plug-in hybrid cars.
- Thus production of electrically powered vehicles in China is strongly increasing (+216% compared to 2014), but stay at a fairly modest level, since the largest market globally will produce throughout 2015 a volume of less than 150 000 units produced from a total expected of 20 million vehicles of PC, across all powertrain types, which means less than 1% of China's passenger car production.
- In comparison, Europe will produce this year about 150 000 electric passenger cars from a total of 16,5 million passenger cars across all powertrain types, or nearly 1% of EU car production. Which means that for an equal volume of production, there are as many electric vehicles produced in Europe as there are in China. The United States are also situated at the same level of Europe and China, with a share of nearly 1% of the total production.
- It is to be noted that in China, the electric buses market is important as for the 10 months of 2015, more than 42,000 buses have been produced (31 379 electric and 11 087 plug-in hybrid), while the number of Commercial Vehicles (Light and Heavy Duty Trucks) is marginal (2655 electric).
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Several carmakers have withdrawn from the Russian market in 2015
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Several carmakers have withdrawn from the Russian market in 2015
- With an automotive market that is expected to reach 1.75 million units, the Russian market will lose one third of its volume in 2015 compared to 2014. However, for 2016, Inovev expects a market growth, thanks to different grants in various shapes and forms from the government.
- The consequence of this very bad economic situation, some carmakers decided to permanently leave the Russian market, which seems a brutal decision to be compared to the one taken in the last few years by some carmakers located in Iran. Indeed, it is brutal to abandon a market that still offers such a strong medium to long term potential.
- But it is true that the current situation of some carmakers in Russia is highly fragile. The graph below gives an overview of the decline in sales of major brands on the Russian market.
- In grey, the decline of the Russian market over the 10 months in 2015 across all brands and dark green brands that have already announced that they were withdrawing from the market (Seat, Honda, Opel, Chevrolet). Note that all brands are down overall but some have managed to limit the impact: Korean brands Hyundai and Kia, as well as the German premium brands Mercedes, BMW, Audi and Porsche, and finally Nissan is the only one to produce more and more models in Russia to meet import restrictions required by the Russian government.
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Brazil and Argentina continue to decline in 2015
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Brazil and Argentina continue to decline in 2015
- Brazil and Argentina (the two biggest car markets in South America) continued to decline in 2015 after poor results in 2014, both in terms of production and registrations.
- In 2015, vehicle registrations (PC + LUV) in Brazil will fall to 2.5 million units, one million less than in 2014 (-28.6%). The fall in registrations reflects the recession period now seen in Brazil (and that should continue in 2016) but also an aftermath effect of lower taxation on the purchase of vehicles which was granted in 2012 and that "artificially" boosted the automobile market.
- Argentine registrations (PC + LUV) will fall by 600 000 units against 672 000 units, which is less than in 2014 (-11%). The weak economy in 2015 is the main cause. However and contrary to Brazil, Argentina begins to emerge from the aftermath effect of reduce taxation on the purchase of vehicles whose selling price was greater than 170 000 pesos (15 000 Euros).
- In terms of production, Brazil produced nearly 2.4 million vehicles (PC + UV), ie -21% compared to 2014. That of Argentina will amount to just over 500 000 units (15% compared to 2014). It is the poor economic situation in Mercosur which explains the fall of the automotive market and consequently production which has its main sales markets in this region.
- Auto production in Brazil and Argentina is largely elapsed on the South American continent and very few beyond the border. The nature of the products produced here (small cars, often old design, pickups from lower segments, cheap cars) requires this geographic restriction. While some models can even be exported to Mexico, almost none can be sold in the US or Canada.
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Product Trends in Vietnam
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Product Trends in Vietnam
- In Vietnam, the automobile market is dominated by locally-assembled models due to strict tax measures on imported vehicles. Nearly all recently launched models are remodeled versions of existing products. One exception is the locally-assembled Ford EcoSport. Released in July 2014, the EcoSport isintended to take lead in the small SUV segment where there is little competition. Meanwhile, market-leader Toyota released the fully-remodeled Vios, Yaris and Corolla core passenger vehicles in 2014. In 2016, the Fortuner, is scheduled to be fully remodeled. Honda's City and Accord alsounderwent full-model change.
- Automobile market of the Vietnam is reaching the 200,000-unit level. Apart from growing market demand, tariffs on imported automobiles are scheduled to be abolished in January 2018 within ASEAN. As a result, product imports, primary from Thailand and Indonesia, are expected to expand and diversify in the future. The abolition of tariffs will certainly benefit Japanese, US and European automakers which have local factories in the region; however, it will possibly hamper operations of Korean manufacturers which lack large-scale production facilities in ASEAN.
- Currently, tariffs are imposed on all models regardless whether they are imported from Thailand or Korea, enabling Korean-made models to secure some competitiveness. However, their competitive edge will greatly decline once tariffs within ASEAN are abolished in 2018. For this reason, Kia is putting forth a plan to boost local assembly in Vietnam. Moreover, the Trans-Pacific Partnership free trade pact will abolish tariffs on Japan-made automobiles with an engine over 3.0L which is expected to improve competitiveness of the Lexus and other large engine models.
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Product Trends in Philippines
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Product Trends in Philippines
- In the Philippines, the SUV segment, which is the country's volume-selling vehicle type, is seeing active launches of B segment passenger vehicle-based small models. Apart from small SUVs, new MPVs and pickup trucks are also attracting attention. As a separate development, carmakers are intensifying launches of new models which comply with the country's stricter emission regulation. The Philippines plans to raise emission regulation from the current Euro 2 level to Euro 4 in January 2016. Powertrain upgrades are carried out by the introduction of direct-injection engines and CVTs.
- Looking at the SUV segment, Ford released the fully-remodeled Escape andEverest in 2015. In 2016, additional full-model changes are expected which includes the Toyota Fortuner, the Mitsubishi ASX and Montero Sport, and the Hyundai Tucson. In addition, the Ford Eco Sport was released in January 2014, followed by the Honda HR-V in June 2015 and the Chevrolet Trax in October of the same year. In the pickup truck segment, Nissan released the fully-remodeled Frontier (called Navara in other markets) and renamed it to NP300 Navara in February 2015. As for other automakers, Mitsubishi launched the new Strada in March 2015 and Toyota released the fully-remodeled Hilux inJuly of the same year. In the MPV segment, small models with an engine displacement of 1.6L or smaller are actively released. Suzuki launched the Ertiga in July 2014, followed by the Honda Mobilio in April 2015.
- In the B segment, Honda released the fully-remodeled City and Jazz in April and June 2014 respectively, both fittedwith CVT. Mazda launched the fully-remodeled Mazda2 in July 2015. The model combines the 1.5L SkyActiv-G engine and a six-speed automatic transmission. Nissan released the Sylphy in 2014 and is available with five-speed manual and continuously variable transmission.
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