The Fiat plant in Tafraoui (Algeria) has begun assembling CKD (Completely Knocked Down) cars
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The Fiat plant in Tafraoui (Algeria) has begun assembling CKD (Completely Knocked Down) cars
- The Fiat assembly plant in Tafraoui, Algeria (near Oran), was inaugurated in December 2023 and began assembling Fiat models from CKD (Completely Knocked Down) kits in January 2024. These CKD kits include the Fiat 500 Hybrid, Fiat Doblo, and Fiat Scudo, produced using parts sourced from Europe, and are intended solely for the Algerian market. Other models are planned, notably the Fiat Grande Panda (also from CKD kits). This plant reportedly produced 18,000 vehicles in 2024, while Stellantis aimed for 24,000 units. Stellantis then aimed for 60,000 in 2025 and 90,000 in 2026. However, according to our sources, Fiat only sold 20,000 cars in 2025. Therefore, it is not certain that the carmaker’s targets were met by 2025.
- It is worth recalling that the Algerian market has declined significantly since 2012. It represented 437,000 units in 2012 and 400,000 in 2013, mainly imported, before falling to 342,000 in 2014, 265,000 in 2015 and 97,000 in 2016. The suspension of new car imports into Algeria between 2017 and 2022 caused the market to plummet even further, but imports have modestly resumed since 2022. The Algerian government encourages local assembly of foreign models using CKD kits, but today most of the models sold in Algeria are imported.
- Renault attempted to establish a presence near Oran as early as 2014, with a production capacity of 75,000 units per year . However, with relations between Algeria and France weakening after 2017, the French carmaker's production in Algeria plummeted, falling from 70,597 in 2018 to 60,012 in 2019 and 754 in 2020. The Stellantis group, to which Fiat belongs, being less related to France, may have a better chance of sustaining its operations in Algeria. Opel (another Stellantis subsidiary), which holds the fifth position in the Algerian market, has announced its intention to assemble its Frontera from CKD kits in Algeria starting in 2026.
Inovev forecasts 50,000 units of the new Volvo EX60 by 2030
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Inovev forecasts 50,000 units of the new Volvo EX60 by 2030
- Swedish carmaker Volvo, under Chinese ownership (Geely) since 2010, unveiled its new battery electric EX60 SUV (D segment) shortly after announcing its 2025 results. The new EX60 completes the brand's lineup of battery electric SUVs, which currently includes the EX30 (B segment), EX40 (C segment), and EX90 (E segment). It will be produced at the Torslanda plant in Gothenburg, Sweden, alongside the gasoline and hybrid versions of the Volvo XC60, unlike the EX30 and EX40, which are produced in Belgium, and the EX90, which is produced in the United States.
- It's worth noting that the XC60, both gasoline and hybrid versions, will continue to be sold in its current form, much like the current XC90, which coexists with the more modernly designed EX90. Similarly, the EX60's design is more modern than the XC60's, and it's 10 cm longer (4.80 m) and 2 cm lower (1.63 m). This dual-model strategy is also employed by BMW (for the X3) and Mercedes (for the GLC). The BMW iX3 and Mercedes GLC EQ are, in fact, the Volvo EX60's direct competitors, along with the Audi Q6 e- tron (although Audi uses specific model numbers for its electric versions).
- The Volvo EX60 is based on the carmaker's new SPA3 platform, specifically designed for battery electric models. This platform uses "cell -to-body" design, which allows the batteries to be integrated directly into the vehicle's structure, resulting in weight and rigidity savings. The 374 hp electric motor is paired with an 80 kWh NMC battery (range: 620 km). A dual-motor version with all-wheel drive, delivering either 510 hp or 680 hp , is paired with a 91 kWh NMC battery (range: 810 km). Inovev forecasts a production volume of 30,000 units in Sweden in 2027, 35,000 in 2028, 40,000 in 2029, and 50,000 in 2030.
The US market for passenger cars and pickup trucks grew by 1.7% in 2025
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The US market for passenger cars and pickup trucks grew by 1.7% in 2025
- The US passenger car market (sedans, coupes, SUVs and minivans) including pickup trucks (which represent 20% of the total market) increased by 1.7% in 2025 compared to 2024, to 16,221,873 units compared to 15,954,040.
- The GM group remains the leader in the US market, with a market share of 18% in 2025, up one point compared to 2024. The Toyota group remains second, with a market share of 16%, up one point compared to 2024. The Japanese carmaker, the world's leading carmaker, is ahead of Ford (13%) and Hyundai-Kia (11%), whose market share gained half a point. The market share of the other carmakers in the Top 10 all declined.
- This is particularly true for Stellantis, which has fallen from 9% to 8% of the US market due to a drop in sales last year, a decline that has been consistent since 2018—well before Stellantis was created in 2021, formalizing the merger of FCA and PSA. All the group's brands (Chrysler, Dodge , Ram, Jeep) are declining, but Dodge has fallen the most (-28%) with the premature discontinuation of the Charger sedan and Challenger coupe, replaced by an battery electric Charger that failed to gain traction. Once the third-largest carmaker in the United States, the former Chrysler group has gradually fallen to sixth place, overtaken first by Toyota, then by Hyundai-Kia, and finally by Honda.
- Honda, Nissan, Subaru, Volkswagen, and Tesla each lose half a percentage point of market share in 2025 compared to 2024. Honda has a 9% market share, Nissan 6%, Subaru 4%, Volkswagen 4%, and Tesla 3%. BMW and Mercedes follow.
Tesla's global sales declined by 8.6% by 2025
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Tesla's global sales declined by 8.6% by 2025
- The American electric car carmaker Tesla had a very poor year in 2025, with global sales falling by 8.6% compared to 2024, marking the company's second consecutive year of declining sales. According to Inovev's calculations, Tesla sold 1.636 million electric cars in 2025, compared to 1.79 million in 2024 and 1.81 million in 2023. The figures are even more catastrophic for the Cybertruck pickup truck, which the carmaker projected would sell 250,000 units per year, but only reached 18,000 sales last year, compared to 32,000 in 2024. This represents a drop of nearly 44%, and significantly less than 10% of the initial sales forecast.
- Due to the postponement of the C-segment SUV launch to 2030 and the discontinuation of the Model S and X in 2026, Tesla sales are expected to continue declining until then, perhaps reaching 1.4 million units in 2029. In the meantime, Tesla will have to try to attract customers with its already aging Model 3 and Model Y. This appears to be a delicate operation, especially given the aggressive tactics of Chinese carmakers.
- Looking ahead to 2025, Tesla sales in Europe dropped by around 28%. Facing the rise of Chinese electric vehicle carmakers, Tesla has little chance of recovering in Europe (235,000 sales in 2025 compared to 325,000 in 2024). China (-7% to 735,000 units) and the USA (-5% to 573,000 units) are also experiencing declines, and only emerging markets like South Korea and Turkey are keeping the carmaker afloat. But even there, competition is emerging, and the situation could reverse in the medium term.
The Russian passenger car market has declined by 15.7% by 2025
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The Russian passenger car market has declined by 15.7% by 2025
- The Russian passenger car (PC) market contracted by 15.7% in 2025, to 1,306,299 units compared to 1,550,249 in 2024. This decline is likely a consequence of the ongoing war between Russia and Ukraine, which is prompting Russia (even though it is not yet operating under a full-blown war economy) to prioritize military needs over civilian requirements. The Russian light utility vehicle (LUV) market also contracted, declining by 23.8%, to 104,980 units compared to 137,734 in 2024, for the same reasons as the passenger car market.
- The best-selling passenger car brand in Russia in 2025 was Lada, part of the AvtoVAZ group (330,357 units; -24.8%), although its sales declined more sharply than the overall market, indicating that some of its customers switched to Chinese brands. Its market share fell from 28% in 2024 to 25% in 2025.
- The remaining 75% is largely monopolized by Chinese brands, which hold 60% of the Russian market in 2025 (786,737 units). European, Japanese, American, and Korean brands account for 15% of sales, but it is likely that a significant portion of these sales also originate from China, as these brands officially refused to sell their cars in Russia after the outbreak of the war between Russia and Ukraine in 2022. The hypothesis that many European, Japanese, American, and Korean models are imported through Chinese dealerships therefore remains highly probable (evidence of this is that Volkswagen Group's Jetta models are sold in Russia, even though this brand only produces its models in China).