说明

发表于 2020年8月13日

• Registrations

The global market (PC + LUV) fell by 26.2% in the first half of 2020

- The global automotive market (Passenger Cars + Light Utility Vehicles) fell by 26.2% in the first half of 2020, due to the coronavirus crisis. The monthly results were however very different depending on the various periods of lock down in China, Europe and the United States, the three major world markets.

- January 2020 recorded a 10.0% drop in sales compared to January 2019, when the Covid-19 crisis had not yet reached Europe or the United States. After several years of increase, the European market and the US market had already entered a new phase of decline, and the Covid-19 crisis had only amplify the trend.

- February 2020 (-21.8%) saw the collapse of the Chinese market due to the lock down, while Europe had just been affected by the health crisis before doing the same on March 15.

- March 2020 (-39.1%) saw the collapse of the European and US markets, due to the lock down in these regions. On the other hand, the Chinese market restarted its economic and social activities and saw a rapid recovery in V shape.

- April 2020 (-41.4%) saw the European and US markets fall to their lowest, while the Chinese market was already back to April 2019 level, before continuing to grow over the following two months.

- May 2020 (-29.4%) finally saw a rise in the European and US markets, while the month of June (-12.9%) draws a rise in V shape (temporary?) of the European market but not yet of the US market which seems to be slower.

    

 

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阅读全文... The global market (PC + LUV) fell by 26.2% in the first half of 2020

说明

发表于 2020年8月13日

• Registrations
• Volkswagen

The VW Golf does not outrageously dominates the European market in 2020

- The Volkswagen Golf has dominated the European market for many years, but since the launch of its SUV version called Tiguan, the Golf has seen its market share in Europe significantly decreased, especially since 2015, from 4.5% in 2014 to 2, 7% in 2019. At the same time, the Tiguan went from 1.2% of the European market to 1.7%. Together, the two models occupied 5.7% of the European market in 2014 and 4.4% in 2019. In this C segment, we should also take into account the Touran model, but this model, whose sales are in declining, is doomed to disappear, like this market segment in Europe.

- The arrival of the Tiguan is therefore not the only explanation for the decline of the Golf. It also faced competition from equivalent SUV models from other brands. The 2012-2020 long generation must also have amplified the phenomenon. The Golf is indeed renewed in 2020.

- The VW Golf market share in 2019 (2.7%) is the lowest recorded for more than twenty years. The gap with the Renault Clio (2nd Best selling car in Europe) is now very small, as it achieved a market share of 2.3% in Europe in 2019.

- Adding Captur and Clio together, the gap with the Golf + Tiguan is now very small, around 0.6% (3.8% versus 4.4%). And while the Clio + Capture has remained stable since 2015, the Golf + Tiguan has declined significantly. We can presume that the Volkswagen T-Roc took a bite out of sales of the Golf and Tiguan, as this model accounting for 1.3% of the European market in 2019.

- Volkswagen, by having diversified its range in the C-segment, reduced the importance of the Golf within the carmaker. In addition, the Golf will now have to face competition from the new BEV Volkswagen ID3. This probably explains why VW sees the ID3 as the brand’s new major product, as the Beetle and Golf were when they were released.

    

 

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阅读全文... The VW Golf does not outrageously dominates the European market in 2020

说明

发表于 2020年8月13日

• Production

Global production (PC + LCV) fell by 31.7% in the first half of 2020

- Global automobile production (Passenger Cars + Light Utility Vehicles) fell by 31.7% in the first half of 2020, due to the coronavirus crisis, a drop which is stronger than the drop of the global market, showing that a significant number of sales were made from stock.  The resulting destocking is estimated by Inovev at 5% of sales, ie 50% of stock at the start of the year. As a result, restocking is expected during the second half of the year, in order to recreate stocks at the start of the year, or 5% of sales. We estimate that for a year of sales, a continual safety stock of 10% is required, meaning the equivalent of about a month of sales.

- January 2020 recorded a 23.4% drop in production against a 10.0% drop in the world market.

- February 2020 recorded a 32.7% drop in production against a 21.8% drop in the world market.

- March 2020 saw a 41.5% drop in production against a 39.1% drop in the world market.

- April 2020 saw a 48.8% drop in production against a 41.4% drop in the world market.

- May 2020 recorded a 35.6% drop in production against a 29.4% drop in the world market.

- June 2020 recorded a 15.5% drop in production against a 12.9% drop in the world market.

- On the graph below, we can see that the production restart has taken place since May 2020 but that it will be necessary to wait until July to see a real recovery. The production loss from February to May will likely not be caught up.

    

 

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阅读全文... Global production (PC + LCV) fell by 31.7% in the first half of 2020

说明

发表于 2020年8月13日

• Production
• Americas
• USA
• Tesla

Tesla will build a second assembly plant in US

- Tesla, the world's leading producer of battery electric vehicles (367,820 sales in 2019), will build a second assembly plant in the United States, near Austin (Texas), the first being located since 2012 in California in Fremont. This brand new plant, which should start in production in 2022, will then be the fourth owned by the carmaker, as Tesla has a plant in Shanghai (China), since the start of 2020 and will have another plant in 2022, this time located in Germany, near Berlin.

- Each plant will eventually be set to produce for the local market. This is the reason why the Tesla plant in Texas will be dedicated to the production of the battery electric pickup named Cybertruck, because the pickup market is almost entirely North American.
This pick-up with a very particular design was unveiled in 2020, but is scheduled to be marketed in 2022.

- The plant will also produce the Semi, the first all-electric truck, scheduled for 2024. If demand was not sufficient for these two utility vehicles, the plant would produce Model 3 and Model Y, said Elon Musk, the CEO of Tesla.

- The capacities of the Texas plant, initially set at 150,000 vehicles per year, could therefore be increased to 300,000 units per year and then 450,000 units per year eventually depending on demand.

    

 

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阅读全文... Tesla will build a second assembly plant in US