The 25 most produced passenger cars in China: BYD and Tesla will dominate
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The 25 most produced passenger cars in China: BYD and Tesla will dominate
- The figures for models produced in China in 2024 show a dominant position for the BYD and Tesla brands, since the Chinese carmaker BYD places 11 of its models in the Top 25, including 6 in the Top 10. Tesla, for its part, places 2 of its models in the Top 5, including the Model Y in first place (as in 2023), but down 14% compared to 2023, and the Model 3 in fifth place, up 20% thanks to its facelifting carried out in 2024. However, the production increase of the Model 3 could not compensate for the decrease of the Model Y, the balance being negative by 31,000 sales.
- BYD's various models are crushing the competition, notably with the successful launch of the Qin L (D-segment sedan, 284,000 sales), Seal 06 (D-segment sedan, 236,000 sales), Song L (D-segment SUV, 204,000 sales) as well as the strong growth (+71%) of the Seagull (B-segment sedan, 480,000 sales). In addition, the position of Song Plus (D-segment SUV, 512,000 sales), Qin Plus (D-segment sedan, 443,000 sales) and Yuan Plus/ Atto 3 (C-segment SUV, 310,000 sales) remain solid in 2nd, 4th and 6th. Former Chinese market leader Volkswagen now has only three models in the Top 25 : Lavida (9th), Passat (13th), Sagitar (15th). Chery and Geely each have one of their models in 7th and 11th place respectively (Tiggo 7 and Xing Yue L ). These are C and D segment SUVs.
- Note that the most produced model in China in 2022, the Wuling Hongguang Mini EV, is in 19th place in 2024.
- A segment analysis shows that the D segment is the vast majority of Chinese automobile production (54% of the total), particularly pushed by the strong influence of BYD, which produces 70% of its D-segment vehicles. The C segment represents 29% of all Chinese production, well ahead of the lower A (4%) and B (5%) segments. China therefore produces mainly mid-size cars and very few small cars.
The 25 most produced vehicles (passenger cars + light utility vehicles) in the world in 2024: Tesla Model Y in top position
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The 25 most produced vehicles (passenger cars + light utility vehicles) in the world in 2024: Tesla Model Y in top position
- The world produced just over 90 million vehicles in 2024, down nearly 2% from 2023. The most produced model last year was the battery electric Tesla Model Y SUV (as in 2023) with 1,224,321 units produced in the United States, China, and Europe (compared to 1,152,584 units in 2023).
- The Toyota RAV4 is in second place (as in 2023) with 1,032,739 units produced in 2024 compared to 989,517 units in 2023. This model is assembled in Japan, China, Canada and the United States. Two SUVs will therefore occupy the first two places in 2024, as in 2023.
- The Ford F-Series pickup (former world leader) remains third as in 2023 , with 977,410 units produced in 2024 compared to 909,033 the previous year. It is ahead of two other SUVs, the Toyota Corolla Cross (4th with 706,969 units produced in 2024 compared to 620,094 in 2023) produced in Japan, the United States, China, India and Brazil, and the Honda CRV (5th 97,117 units produced in 2024 compared to 679,832 in 2023) produced in Canada, the United States and China.
- The first sedan is the Toyota Corolla (6th), part of whose customers turned last year to the Corolla Cross SUV (688,806 units produced in 2024 compared to 869,228 in 2023).
- For the first time in 2024, we note the presence of three BYD models in the Top 25, but Toyota remains the most present brand with six models, ahead of BYD (3 models), Volkswagen (3 models) and Honda (3 models).
The 25 best-selling models in Europe in 2024
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The 25 best-selling models in Europe in 2024
- In a European market (30 countries = EU + United Kingdom + Switzerland + Norway) of passenger cars (PC) which increased by 1% in 2024 compared to 2023, the Dacia Sandero became the best-selling car (258,745 units against 233,072 in 2023), ahead of the Volkswagen Golf (213,193 units against 179,871 in 2023) and Renault Clio (212,378 units against 198,950 in 2023) and taking the leading position from the Tesla Model Y which fell from first to fourth place (207,629 units against 249,020 in 2023).
- The Dacia Sandero probably meets a demand for affordable cars from European customers, even though this model has very few rivals in its category and car prices have increased significantly in recent years.
- The Volkswagen Golf (leader in Europe from 2007 to 2021 and second in the ranking in 2024) managed to revive in 2024, with an increase of 18.5% compared to 2023, which seems to indicate that part of the Volkswagen ID3 customer base switched to the combustion engine Golf last year.
- Volkswagen places four models in the Top 25 (Golf, T-Roc, Tiguan, Polo) in 2024, as does Toyota (Yaris Cross, Yaris, Corolla, CHR). These two brands dominate the European market in 2024, with a market share of 10.6% and 7.2% respectively. Renault (5.4%) and Peugeot (5%) each place two models in the Top 25 (Clio, Captur and 208, 2008). These four brands therefore only have a total of 28.2% of the market. Fiat only places one model in 2024 (Panda) because the 500 has disappeared from the Top 25. The B and C segments have consolidated their presence in Europe in 2024 (73% of the market compared to 71% in 2023). SUVs have consolidated their presence in Europe in 2024 (53% of the market compared to 52% in 2023).
The share of Chinese carmakers in Russia reached 61% in 2024, compared to 51% in 2023.
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The share of Chinese carmakers in Russia reached 61% in 2024, compared to 51% in 2023.
- Following the withdrawal of European, Japanese and Korean carmakers after the outbreak of the conflict between Russia and Ukraine, the share of Chinese carmakers on the Russian market increased significantly between 2022 (18%) and 2023 (51%), even exceeding one in two passenger car sales. This share of Chinese carmakers continued to grow in 2024, to 61% of the Russian market. The volume of sales of Chinese vehicles (passenger cars and light utility vehicles) in Russia thus increased from 536,768 units in 2023 to 943,577 units in 2024 (+76% increase), in a market that increased from 1,049,917 units in 2023 to 1,550,249 units in 2024 (+48% increase).
- The Russian market is gradually returning to normal after nearly three years of war with Ukraine, returning to its annual levels from 2015 to 2021. But we are still a long way from the figures recorded during Russia's years of economic prosperity (2011-2014) when the market largely exceeded two million vehicles per year.
- Russian national carmaker Avtovaz, controlled by Renault until the conflict between Russia and Ukraine, and now a state-owned company, saw its sales increase from 326,757 units in 2023 to 439,035 units in 2024 (+34% increase), its market share falling from 31% to 28%. Avtovaz is losing market share year after year, probably because Chinese brands offer more for a competitive price.
- While European, Japanese, and Korean carmakers have completely disappeared from the Russian market by 2024, Chinese carmakers are consolidating their presence there, with Great Wall as the undisputed leader (192,000 sales), followed by Chery (158,000 sales), Geely (152,000 sales), Changan (103,000 sales), Omoda (50,000 sales), and Exeed (41,000 sales). These six brands account for three-quarters of Chinese sales.
The Suzuki group sold 3.25 million vehicles (passenger cars and light utility vehicles) in 2024
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The Suzuki group sold 3.25 million vehicles (passenger cars and light utility vehicles) in 2024
- The Suzuki Group (Suzuki, Maruti) sold 3,248,317 vehicles (passenger cars and light utility vehicles) worldwide in 2024, compared to 3.07 million in 2023, representing a 5.8% year-on-year increase. Suzuki maintains its tenth place worldwide despite strong growth by Chinese carmakers Geely and Chery, which are now close behind.
- Despite the absence of battery electric cars in its range, Suzuki has continued to progress over the past four years, thus getting closer to Honda and Nissan, which were much more powerful than it ten years ago.
- Suzuki has benefited in recent years from the strong growth of the Indian market, in which it is largely dominant under the Maruti brand. This market has thus grown from 2.9 million units in 2020 to 3.8 million in 2021, 4.8 million in 2022, 5.1 million in 2023 and 5.2 million in 2024.
- In 2024, Suzuki took advantage of the difficulties of its competitor Daihatsu earlier in the year, as both brands specialize in Kei Cars. Many Daihatsu customers then turned to Suzuki. This was all the more easily achieved as Suzuki has been a partner of the Toyota group for several years now. Here are some key points of their partnership:
1. Toyota and Suzuki exchange technologies, particularly in the area of engines and platforms.
2. Suzuki sells some rebadged Toyota models, such as the Suzuki Across (Toyota RAV4) and the Suzuki Swace (Toyota Corolla).
3. Toyota and Suzuki are working together on future electric vehicles, including a battery electric SUV planned for 2025.
4. The new battery electric SUV will be produced under both brands at the Suzuki factory in Gujarat, India.
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