GM Europe and Ford Europe : same 20 years‘ decline
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GM Europe and Ford Europe : same 20 years‘ decline
- For the past twenty years, Ford Europe has experienced the same decline on the European continent as GM Europe which has just been bought by PSA in 2017. Its market share has progressively decreased from almost 12% in 1995 to less than 7 % in 2017. At the same time, GM Europe's market share decreased from 12% to 6%.
- The two American manufacturers’ subsidiaries have therefore followed a parallel path since 1995. This means that Ford Europe's position is as unenviable today as that of GM Europe just before its acquisition by PSA. Will the parent company in Dearborn let its European subsidiary keep losing market share and influence on the European continent? This question remains unanswered. But Inovev believes that the issue of the sustainability of Ford Europe must arise at some point in Dearborn, especially after the possible consequences of Brexit (Ford's position in the European market will be weakened), because below 5% market share in Europe, this subsidiary could no longer be viable.
- Already, in the first 10 months of 2017, Ford Europe is behind Fiat-Chrysler, and for the first time behind the BMW group, in terms of sales in Western Europe, and almost at the level of the Daimler group, with a 2% drop in sales while Daimler’s share increased by 6%, which means that they could overtake Ford Europe by the end of the year. Ford Europe would become, in this case, the smallest European manufacturer!
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Global automotive production rose 2.7% in the first 10 months of 2017
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Global automotive production rose 2.7% in the first 10 months of 2017
- Global automotive production (PC + LCV) increased by 2.7% over the first 10 months of 2017, to more than 76 million units, a figure that follows the growth in global automotive sales (+ 2.8% on the same period). From these figures, it can be deduced that in general, vehicle stocks are tending to decrease. At the current pace, global production (PC + LCV) could reach 92 million units over the whole of 2017.
- It is surprising to note that the top five producing countries are also, and in the same order, the top five countries consuming vehicles: China, USA, Japan, Germany, and India. China accounts for 31% of world production and 29% of registrations, the USA 13% of world production and 19% of registrations, Japan 11% of world production and 6% of registrations, Germany 7% of global production and 4% of registrations and India 5% of world production and 4% of registrations.
- After these first five countries, the ranking differs between producing countries and countries of registration, because some countries export more than they import (like Korea, Spain or Mexico) while others import more than they export (like England, Italy or Russia). In an up-coming analysis, Inovev will review those countries where the production is greater than the number of registrations and those where the production is lower than the number of registrations.
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続きを読む... Global automotive production rose 2.7% in the first 10 months of 2017
GM now produces twice as many LCV as PC in NAFTA
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GM now produces twice as many LCV as PC in NAFTA
- The demand from American, Canadian and Mexican customers is increasingly focused on light trucks (SUVs, pickups and minivans). In the United States, in the first half of 2017, sales of light trucks were 63% of total sales, in Canada 67%, and in Mexico 65% .
- It is the American manufacturers that sell the most light trucks: GM makes 74% of its sales with this type of vehicle, Ford achieves 76% and Chrysler 86%. These figures mean - compared to the 63% of light truck sales in the United States for all brands - that foreign manufacturers (Japanese, Korean, European) sell far fewer light trucks than their US counterparts and more passenger cars (mostly sedans).
- If we study the production of the GM group between 1950 and 2017, we observe that the production of PCs was in majority until the end of the 90s, but after a continuous decline since that time, only accounts for 34% of GM Group production in 2016 in the NAFTA zone (USA, Canada, Mexico), while LCVs account for 66%. This means that GM now produces twice as much LCV as PC in NAFTA.
- At Ford and Chrysler, the proportion of PC produced in the NAFTA zone reached respectively 25% and 15% in 2016. The production of passenger cars has therefore become a clear minority in the NAFTA zone.
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Dodge definitively stops production of the Caravan minivan
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Dodge definitively stops production of the Caravan minivan
- Dodge, a subsidiary of the Fiat-Chrysler Group, ceased production of its Caravan and Grand Caravan MPVs in September 2017. The origins of this model date back to 2008, but the first MPV Dodge Caravan was launched in 1983, at the same time as the now non existent Plymouth Voyager and Chrysler Town & Country. These three models were the first true minivans in modern history and were very successful, with high volumes , before, in the 2000s, succumbing to the inexorable competition of Japanese minivans (Toyota Sienna, Honda Odyssey, Nissan Quest) followed by that of SUVs and other crossovers of all nationalities.
- The production of Dodge / Plymouth / Chrysler minivans decreased from 700,000 units in 1999 (a record number for all three models) to 370,000 in 2007 and 120,000 in 2017. And according to the FCA Product Plan published by Inovev on October 16, 2017, no new minivan is expected at Dodge before 2022, which means that the brand has definitively abandoned this type of product.
- This is a radical change in the positioning of the Dodge brand, since the Caravan minivan was until recent years one of its best-selling models. The future of the brand will rest mainly on its sedans (Charger), its coupes (Challenger) and SUVs (Journey, Durango).
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続きを読む... Dodge definitively stops production of the Caravan minivan
The global automotive market grew 2.8% in the first 10 months of 2017
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The global automotive market grew 2.8% in the first 10 months of 2017
- The global automotive market (PC + LCV sales ) increased by 2.8% over the first 10 months of 2017, to 76.43 million units, a figure which confirms a slowdown in the growth of the automotive market, since in 2016 it had increased by 4.6%. Growth has thus shrunk by almost half from one year to the next.
- The main cause of this decline in growth is the slowdown in the Chinese markets (+ 3.0% over 10 months 2017) and US (-1.7% over 10 months 2017) which are the top two worldwide markets ( together constituting 47% of the world market).
- Added to this is the decline in the UK market (-4.4%), which is the eighth largest market in the world, the decline in the Saudi market (-25.6%), the result of an unfavorable economic climate (following lower oil prices), the decline of the Algerian market (-20.9%), the decline of the Egyptian market (-44.4%) as well as that of the whole of the United Arab Emirates: Dubai (-17.7% ), Abu Dhabi (-17.8%), Oman (-21.3%), Qatar (-22.8%), Bahrain (-29.7%) following the trend of the Saudi market.
- At the current pace, the global market (PC + LCV) could reach 92 million units over the whole of 2017, against 89.5 million over the whole of 2016.
- Including trucks and coaches (4 million units sales per year), the global automotive market could reach 96 million units in 2017, against 93.5 million in 2016.
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続きを読む... The global automotive market grew 2.8% in the first 10 months of 2017