The Argentinian market (PC+LCV) fell by 10.5% in 2018
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The Argentinian market (PC+LCV) fell by 10.5% in 2018
- The Argentinian automobile market (PC+LCV) fell by 10.5% in 2018, to 772,000 units, compared with 863,000 units in 2017. This market is very cyclical in the sense that it progresses for a few years before declining in the following years, under the impact of economic crises. Peak sales were reached in 2013 with a record 944,000 units, which have never been exceeded since then. One must remember that in 2005, the Argentine market had fallen to only 400,000 units. The figure recorded in 2018 (nearly 800,000 units) therefore remains one of the five best figures of the decade.
- However, for several months now, the recessionary economic situation in Argentina has been deteriorating sharply: monetary depreciation and price inflation, and adoption of an IMF economic program, thus raising the specter of the dramatic Argentine crisis of 2001. Domestic consumption is therefore in crisis and the unemployment rate is soaring. This difficult economic situation should continue in 2019.
- Most automakers ‘ sales declined in 2018, except for the Renault-Nissan group, which grew 4.9%. GM ”s sales fell the most (-13.7%). Despite Renault-Nissan's growth, the Volkswagen group remains the Argentinian market leader, with a market share of 18.9%, ahead of the Renault-Nissan groups (17.8%), GM (13.7%), Ford (12.8%), FCA (13.2%), PSA (12.2%) and Toyota (12.4%). The other manufacturers are far behind.
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阅读全文... The Argentinian market (PC+LCV) fell by 10.5% in 2018
The Turkish market (PC+LCV) declined by 35% in 2018
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The Turkish market (PC+LCV) declined by 35% in 2018
- The Turkish automotive market (PC+LCV) declined by 35% in 2018 to 621,000 units, compared to 956,000 units in 2017. This sharp decline is the result of a serious local economic crisis, partly due to a high level of debt that caused the Turkish lira to fall, (loss of a third of its value in one year) and galloping inflation.
- The Turkish automotive market fell to its lowest level since 2009.
- In 2019, the sharp decline in domestic demand, observed from the second half of 2018, should only be partially offset by an increase in exports.
- Inovev expects a small recovery in the Turkish market in the second half of 2019, with a volume of 700,000 units expected for the year as a whole. The recovery is expected to continue in 2020, with a volume of around 750,000 units.
- In 2018, all automakers ‘ sales declined on the Turkish market, except for the PSA group, which benefited from the takeover of Opel, which enabled it to offset the decline in sales of the Peugeot and Citroën brands.
- The Renault-Nissan group remains the leader on the Turkish market, with a market share of 22.9%, ahead of Volkswagen (18.1%), Fiat-Chrysler (11.7%), Ford (10.5%), PSA (10.2%), Hyundai-Kia (7.0%), Toyota (5.5%) and Honda (4.6%).
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Tesla produced more than 250,000 electric cars in 2018
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Tesla produced more than 250,000 electric cars in 2018
- California electric car manufacturer Tesla produced 254,530 vehicles in 2018 (including 152,977 Model 3, 65,627 Model S, 35,926 Model X), making it the world's leading electric vehicle manufacturer.
- The American manufacturer now expects to reach 350,000 sales in 2019 and exceed 500,000 sales in 2020.
- Inovev considers these objectives realistic, especially since two new models should be launched soon, including a roadster and a 100% electric truck. But Tesla is counting above all on the launch of a D-segment SUV, the Y model, and on the growth of the 100% electric vehicle market in China, which is the leading market for this type of engine and which is investing heavily in the development of this market for the coming years.
- Tesla has confirmed that its Chinese plant in Shanghai will be able to produce up to 200,000 vehicles per year, starting in 2020. The models concerned will be the Model 3 and the future Model Y, which will be an SUV variant of the Model 3. The Model S and Model X models that will continue to be sold in China will be imported from the United States as they are today. However, the latter two models will be handicapped by the taxes on vehicles imported from America that the Chinese government introduced last year in response to US taxes on vehicles imported from China. With two plants located in the two largest markets in the world, Tesla will likely reach 500,000 units produced in 2020.
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阅读全文... Tesla produced more than 250,000 electric cars in 2018
The Indian market (PC+LCV) grew by 9.5% in 2018
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The Indian market (PC+LCV) grew by 9.5% in 2018
- The Indian automotive market (PC+LCV) continued to grow in 2018, to 4.4 million units, an increase of 9.5% compared to 2017, while it had already increased by 9.6% in 2017. The Indian market has been growing steadily since 2014. Its growth in 2018 was one of the highest in the world, behind Brazil (+14.6%) and Russia (+12.8%). It has thus gradually become the fifth largest market in the world, behind China, the United States, Europe and Japan. Inovev believes that the Indian market will surpass the Japanese market by 2020 and thus become the fourth largest in the world.
- Potentially, the Indian market could even become the second largest in the world, after China, because its population is almost as large as China, but its motorization rate is currently much lower as is its economic dynamism. The Indian middle class is also less numerous and less affluent than the Chinese middle class.
- By manufacturer, the Suzuki-Maruti group remains by far the leader in the Indian market, with 39.8% of registrations in 2018, ahead of the Tata (15.6%), Hyundai-Kia (12.5%) and Mahindra (11.3%) groups. The other automakers are far behind, even Renault-Nissan, which did not exceed 3% of the market, whereas its objectives were set at 5%.
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Canadian market (PC + LCV) fell 2.6% in 2018
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Canadian market (PC + LCV) fell 2.6% in 2018
- The Canadian automobile market (PC + LCV) fell by 2.6% in 2018 to 1.98 million units against 2.04 million in 2017.
- This market had reached a peak in 2017, following the rebound in the market recorded in 2010 after the fall in sales in 2009 (as in most countries) caused by the 2008 financial crisis, seems to have reached a plateau in 2017 which corresponds to a volume of 2 million units per year.
- It's hard to say if this market will go up or down in the next two years. However, Inovev expects the Canadian market to stagnate at about 2 million units in 2019 and 2020.
- Most manufacturers‘ sales declined in the Canadian market in 2018. The Ford group narrowly maintained its leading position in this market, with a market share of 14.7%, ahead of GM groups (14.3% ), Toyota (11.4%), Fiat-Chrysler (11.1%), Hyundai-Kia (9.9%), Honda (9.6%), Renault-Nissan (7.3%), and Volkswagen (5.8%).
- SUVs accounted for 48% of the Canadian market in 2018 (compared to 44% in 2017) and sedans only 28% (compared to 30% in 2017). Pickups make up 20% of the Canadian market (as in 2017), while minivans are only at 4% of this market (compared to 6% in 2017). Fiat-Chrysler MPVs are gradually disappearing from the Canadian market as from other markets in North America.
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