Ford to build two new plants in China

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Ford to build two new plants in China

- Ford the American carmaker currently has two plants in China (manufacturing  passenger cars) located in Chongqing. In these two plants, Ford manufactures models sold in China, such as the Fiesta (48 608 units in 2013), Focus (402 476 units), Ecosport (60 405 units), Mondeo (70 583 units), Kuga (97 404 units), S Max (1220 units) for a total of 680 696 units in two saturated plants (with a capacity of 300 000 units per plant). In partnership with the Chinese carmaker Changan, the first plant started manufacturing in 2002 and the second plant started in 2009.

- Ford also has another plant in China (for light commercial vehicles), located in Nanchang, which started its production in 2002 and manufactures the Transit. This plant is the result of a partnership with the Chinese carmaker Jiangling (JMC).

- In 2014, Ford will sell 800 000 PC in China and given the strong sales of Ford in the PC market, the manufacturer is going to double its local production capacity from 600 000 at 1 200 000 PC per year.

- The first new Ford plant will be opening in the fourth quarter of 2014, also in Chongqing and still with Changan and the second will open in 2015 in Hangzhou (also with Changan). These plants will produce, the following passenger cars: the Ford Focus sedan (past and present), the future Escort (segment C), the Fiesta, the Mondeo, the S-Max MPV and Ecosport SUV, the Kuga and the Future Edge.

14-27-6  


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Turkish market Forecast for 2015 (PC + LUV)

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Turkish market Forecast for 2015 (PC + LUV)

- The Turkish market (PC + LUV) traditionally progresses in fits and starts. The market collapse of 2001-2002 was followed by a restart period in 2003-2004 that lead to another period of decline in 2005-2008. Finally a new period of prosperity took over between 2009 and 2013.

- In 2014, the market is expected to lose nearly 28% of its volume and to return to levels reached in 2006, this market decline is explained by various factors, including rising interest rates and restrictions on bank loans, that thus weigh on consumers. Furthermore the weakness of the Turkish lira has resulted in increased prices of imported vehicles (in 2014, 70% of vehicles sold were imported).

- For 2015, the growth of the Turkish economy is expected to reach 4% (according to the OECD), and will especially benefit from the slow European recovery. The prospects for car sales still remain dependent on borrowing costs and the access to these loans.

- However, the Turkish market has shown in the past that it had the ability to bounce back from periods of heavy decline. The medium-term outlook remains positive and Inovev anticipates a slight market recovery of around 9% in 2015 to reach 700 000 units.

14-27-4  


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Russian market forecast for 2015 (PC + LUV)

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Russian market forecast for 2015 (PC + LUV)

- The Russian automotive market (PC + LUV) has dropped significantly since the beginning of the year and should end the year at -13.5%. The situation that wasn't exactly prone to growth since 2013 (-5.4% over 12 months) has significantly deteriorated.


- Despite a fairly robust consumption (thanks to rising incomes), the Russian economy is still quite fragile, and among other things a lack of investor confidence is also to blame. The development of geopolitical tensions over Ukraine, has accentuated the slowdown in the Russian economy.


- Until the situation stabilises, it is very difficult to predict the market evolution in 2015.


- However, the introduction on the 1st  September 2014 of  a new scrapping scheme may compensate over the four next months part of the decline in the Russian market, since these incentives will end on the 31 December 2014.


- The Russian market could well end the year 2014 with a volume of 2.4 million new vehicles sold (-13.5%), while another scenario of -20% was feasible prior to the announcement of these new scrappage schemes.


- The Russian market could decline again in 2015 (2.35 million vehicles) if the scrappage scheme are not maintained beyond 2014, especially if the economic and political situation does not settle by then. The reboot of the Russian market could ultimately take place in 2016.


14-27-3  


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Spanish market forecast for 2015 (PC + LUV)

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Spanish market forecast for 2015 (PC + LUV)

- The Spanish car market experienced a drop of more than 50% of its sales volume between 2007 and 2013 going from 1.8 million units to 0.8 million. The end of the scrapping schemes that lasted for ten years and that helped develop the Spanish market to a level never reached in the past, have also increased its fall.

- The new Pive plan (established since 2012) has accelerated the growth of a market that began a reboot in 2013 and continues to grow in 2014 (+20% in 2014 compared to 2013).

- In 2015, growth is expected to be lower (depending on the duration of the Pive plan), and stand around 4% to reach a market of just over one million units. Even if consumer and business confidence has increased (the country is emerging from a recession), economic growth in 2015 will remain under 1% according to various economic institutes.

- The Spanish market will remain highly dependent on the Pive plan as long as the country's economic growth isn't stable and long lasting.

- In 2014, 77% of vehicles sold in Spain are imported from abroad.

14-27-2  


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French market Forecast for 2015 (PC+LUV)

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French market Forecast for 2015 (PC+LUV)

- The French car market saw its sales peak in 2009, 2010 and 2011, during the introduction of scrappage schemes coupled with a bonus-penalty system calculated on the level of CO2 emissions from vehicles.

- Unfortunately, these three good years (that illustrated the godsend granted to French buyers for a limited time) had a strong aftermath, as with any limited duration scrappage scheme (-19% between 2013 and 2009).

- The year 2014 seems to be introducing a reboot (+3.3%), which could continue in 2015.

- In spite of a less optimistic growth (between 1 and 1.4% according to sources in 2015) than that of Germany and the UK , the car market should indeed continue to grow in 2014 and reach a level of 2.3 million units in 2015 (up 3% from 2014).

- Although levels prior to 2009 will be hard to reach, the French market should benefit from the end of the negative effects induced by the scrappage schemes established between 2009 and 2011. Moreover, the renewal of high-volume products (segment A vehicles) and the growth of SUV supply (segment B of C) should help sales in the French market.

- In 2014, 72% of cars sold in France were imported from abroad.

14-26-10  


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  1. Italian market forecast for 2015 (PC + LCV)
  2. German market Forecast for 2015 (PC + LUV)
  3. UK market Forecast for 2015 (PC + LUV)
  4. European market Forecast for 2015 (PC + LUV)
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