The Philippine passenger car market grew by 7.6% in 2013
- Details
- The Philippine passenger car market grew by 7.6% in 2013 to 52 000 units, which represents a volume of sales the same size as Luxembourg.
- According to the CAMPI (Chamber of Automotive Manufacturers of the Philippines Inc), car sales in the Philippines are expected to grow in coming years, induced by an enrichment of the middle classes and a motorization rate that remains very low.
- The Philippines has nearly 100 million inhabitants while their car market is almost equal to that of Luxembourg, who has only 500 000 inhabitants, in other words 200 times less people. According to the CAMPI the Philippine market is expected to grow by 10% in 2014 to 57 000 units.
- Japanese manufacturers currently hold 80% of the Philippine market while U.S. manufacturers only occupy 10% of the market. Toyota has 41% market share, far ahead of Mitsubishi (24%). Followed far behind by Honda (7%), Ford (7%), Renault-Nissan (4%), Hyundai-Kia (3%) and Suzuki (3%). In 2013 Toyota and Mitsubishi together account for 65% of the Philippine market.
- By model, the Toyota Vios (a 4-door sedan from segment B), Toyota Innova (MPV from segment D), Mitsubishi Montero (SUV), Toyota Fortuner (SUV) followed by the Toyota Avanza (MPV from segment B) occupy the top five places.
Read more... The Philippine passenger car market grew by 7.6% in 2013
The fifteen most popular models worldwide in 2013
- Details
- According to Inovev estimates, the most popular models worldwide in 2013 were the Ford Focus, Ford F-Series and Toyota Corolla.
- Ford succeeded in placing three models in the top six places, although it is only the sixth largest manufacturer in 2013. This is due to its policy of "global models" set up by Ford’s management following the financial crisis of 2008 and inspired by what had already been attempted a few decades earlier.
- The Ford Focus was therefore produced throughout Europe, North America, China, Russia and Argentina. The Ford Fiesta was manufactured in Europe, North America, China, India and Brazil. Over the last thirty years the Ford F-Series has remained the most popular pickup van world wide, ahead of the Toyota Hilux and Chevrolet Silverado.
- Toyota has five models ranked in the top 15, the Corolla, Prius, Camry, Hilux pickup and SUV RAV4.
- Volkswagen has two models ranked in the top 15, the Golf and the Jetta, which form the core products of the brand for many years. VW has remained the third largest manufacturer in 2013, behind Toyota and GM.
- GM has two models ranked in the top 15, the Cruze and the Silverado pickup.
- The C segment is the largest segment in this ranking followed by pick-ups and segment D sedans. The Ford Fiesta is the only representative of segment B.
Read more... The fifteen most popular models worldwide in 2013
Global sales are expected to increase by almost 5% in 2014
- Details
Read more... Global sales are expected to increase by almost 5% in 2014
Some independent Chinese brands missed their 2013 sales target
- Details
- BYD's sales have increased by 11% in 2013, to 510 000 units, but this Chinese brand has missed its target (set at the beginning of the year) which aimed 20% growth. The increase in sales of BYD was lower than the growth of the Chinese market (+15.7%), the brand saw its market share decline in China last year. In addition, BYD has confirmed that it would establish itself in 2015 on the North American market, and will market four new models in order to find its way back to growth.
- Geely sold 553 000 vehicles in 2013 (+14%), but this Chinese brand has also missed its target of 560 000 sales set at the beginning of the year. In 2014, Geely intends to sell 580 000 vehicles, an increase of about 5% in a Chinese market expected to grow between 8% and 10% in 2014.
- Great Wall has succeeded in its goal to surpass its sales (750 000 units) by selling 754 000 units, including 417 000 SUV (48.5%). 127 000 pickups (-8%) and 210 000 sedans (+2%), which represents an overall increase of 21%. Great Wall's objective is to sell 880 000 vehicles throughout 2014. an increase of 17%. Great Wall intends to continue its development on its core segment, which is SUVs models. Thanks to the Haval with the H8 (launched in November 2013) and Haval H9 (awaited for 2014).
Read more... Some independent Chinese brands missed their 2013 sales target
In 2013 Dongfeng Motor exceeded its sales target by 180 000 units
- Details
Read more... In 2013 Dongfeng Motor exceeded its sales target by 180 000 units