The global automotive market (PC+LCV ) by manufacturer in 2018
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The global automotive market (PC+LCV ) by manufacturer in 2018
- The global automotive market (passenger car and light commercial vehicle) declined by 0.3% in 2018, mainly due to the significant decline in the world's largest market, China. By manufacturer, the Renault-Nissan group (+1.4%) remains the world's leading manufacturer of light vehicles (PC+LCV ), ahead of the Volkswagen (+0.9%) and Toyota (+2%) groups. In 2018, these three manufacturers remained above the 10 million vehicles sold worldwide.
- The two American automakers GM and Ford each lost one million sales in 2018 and continue to lose influence globally. The million sales lost by GM is mainly due to the sale of its Opel/Vauxhall subsidiary to the PSA group. The PSA group (+6.8%) could have increased sales by one million (through the acquisition of Opel/Vauxhall) but its sales in Iran (-21.7%) were impacted by the severe economic sanctions imposed by the United States in 2018. The million sales lost by Ford is mainly due to a 50% drop in China.
- The ranking of the top 14 manufacturers remains the same in 2018 compared to 2017, but from 15th place onwards, there are several changes, particularly concerning Chinese brands which, victims of the overall decline in the Chinese market, are being out-distanced by the Indian group Tata Motors (+15.7%). It should be noted that BAIC (+10.0%) and SAIC (+20.0%) outperformed Chery and BYD (stable).
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Geely Group 2018 World Market Review
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Geely Group 2018 World Market Review
- The Geely group (Geely, Volvo, Lotus, Lynk & Co, Polestar) has published its sales figures for 2018. Its worldwide sales amount to 2.14 million vehicles, an increase of 17.5% compared to 2017.
- The group, which remains China's leading manufacturer, maintains its thirteenth place in the world, behind BMW and Daimler, but is gradually moving closer to these two manufacturers. The Geely group's worldwide sales in 2018 can be broken down as follows:
1. China is its largest market, with 1.7 million vehicles (including 170,000 Volvo vehicles), or 79% of its global sales.
2. Europe is its second largest market, with 320,000 vehicles (only Volvo vehicles), or 15% of its worldwide sales.
3. The USA is its third largest market, with 100,000 vehicles (only Volvo vehicles), or 5% of its worldwide sales.
- These three markets account for 99% of the Geely Group's global sales in 2018, which include 1.38 million Geely vehicles, 642,000 Volvo vehicles, 120,000 Lynk & Co vehicles and 1,000 Lotus vehicles.
- The group's best-selling models in 2018 are the Geely Bo Yue (280,000 units), Geely Emgrand (247,000 units), Volvo XC60 (226,000 units), Geely Emgrand GS (158,000 units) and Geely Emgrand GL (149,000 units).
- The Lynk&Co brand, which was created in 2016 but started selling in 2017, is expected to be imported into Europe and the United States from 2020. The British brand Lotus was acquired from the Proton group in 2017.
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Peugeot and Renault 2018 in Iran Review
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Peugeot and Renault 2018 in Iran Review
- The Iranian automobile market declined by 32.9% in 2018 (960,000 units compared to 1.43 million in 2017) following the economic sanctions imposed by the US administration in 2018. As a result, the objectives of the two French brands present in Iran, Peugeot and Renault, were frustrated in 2018 by these sanctions, which took effect in the second half of 2018.
- As a result, Peugeot did not reach the 500,000 sales expected and Renault did not reach the 200,000 sales expected. Instead, Peugeot sales decreased from 443,000 units in 2017 to 353,000 in 2018, and Renault sales decreased from 162,000 units in 2017 to 102,000 in 2018. This means that 150,000 sales were lost by these French brands in 2018 compared to 2017, and even 250,000 compared to their targets. The year 2019 is likely to be even worse, as economic sanctions will be taken into account throughout the year and not just for a half-year, as in 2018.
- The only brands that managed to increase their sales were Chinese brands such as JAC, Dongfeng, FAW, Changan, MG and Great Wall (which did not sell vehicles in 2017), thanks to very low prices. Hyundai and Mazda also improved for the same reasons. The economic sanctions introduced in the country have understandably encouraged Iranian customers to switch to low-cost models. In addition, Chinese manufacturers are not affected by economic sanctions against Iran, since the Chinese government does not follow US sanctions policy.
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BMW Group 2018 World Market Review
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BMW Group 2018 World Market Review
- The BMW Group (BMW, Mini, Rolls-Royce) has published its sales figures for 2018. Its worldwide sales amount to 2.49 million vehicles, an increase of 1.1% compared to 2017. BMW remains the world's eleventh largest light vehicle manufacturer (PC+LCV), behind PSA and Suzuki, but ahead of Daimler and Geely.
- The BMW Group's worldwide sales in 2018 can be broken down as follows:
1. Europe is its largest market, with 1.098 million vehicles, or 44% of its worldwide sales.
2. China is its second largest market, with 640,000 vehicles, 26% of its worldwide sales.
3. The United States is its third largest market, with 355,000 vehicles, 14% of its worldwide sales.
- These three markets make up 84% of the BMW Group's global sales in 2018, which are divided into 2.125 million BMW vehicles, 362,000 Mini vehicles and 4,000 Rolls-Royce vehicles.
- The BMW Group's best-selling models in 2018 are the 5 Series (335,000 units), 3 Series (320,000 units), Mini (290,000 units) and BMW X1 (258,000 units).
- By group, BMW remains the world's leading manufacturer in the Premium category in 2018, but by brand, it is Mercedes, with 2.31 million light vehicles. Audi is third with 1.81 million units.
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The global automotive market by country in 2018
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The global automotive market by country in 2018
- The global automotive market (PC + LCV) recorded a slight decline in 2018 (-0.3%), mainly due to the downturn in several markets, including China. China nevertheless represents 30% of world sales in 2018 (with volumes at -2.8% compared to 2017), and thus remains the world's leading automotive market ahead of Europe (19% of the world market, with volumes at +0.4%) and the United States (19% of the world market, with volumes at +0.5%). Behind these three major markets are Japan (6% of the world market, with volumes at +0.7%), India (5% of the world market, with volumes at +9.5%), Brazil (3% of the world market, with volumes at +14.6%), Canada (2% of the world market, with a market at -2.6%), South Korea (2% of the world market, with a market at +1.1%) and Russia (2% of the world market, with volumes at +12.8%). These nine countries account for 88% of the world market, the 190 other countries together make up only 12%.
- Looking at the evolution of the top four world markets since 1970, Japan, Europe and the United States have remained stable since the early 2000s, with the last two decades characterized by a complete lack of growth. Only the Chinese market has enabled global growth. This market has successively overtaken Japan, the United States and then Europe, but the coming years seem less favourable.
- Inovev expects stability in these four major markets over the next few years, due to the slowdown in global economic growth.
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