Comparison between global production and sales (2005-2017)
- 说明
Comparison between global production and sales (2005-2017)
- Inovev has compiled global automotive production figures, and compared them to global auto sales figures since 2005. Logically, the production curve follows that of sales, but we observe that each year a new stock inflates OEM production figures in order to be able to respond to demand.
- Thus, the difference between the world car production achieved between 2005 and 2017 (1,032 million vehicles) and worldwide sales over the same period (1,018 million vehicles) is about 14 million vehicles, or one million per year over a period of 13 years, which is relatively negligible given that this figure represents on average 1% of annual world production over this period, whereas car manufacturers must necessarily create a stock equal to or greater than 10% of their production in order to be able to constantly meet demand.
- Thus, the difference between the initial stock in 2005 and the final stock in 2017 is 14 million vehicles, but we observe that the stock has declined sharply on two occasions: one in 2009 (following the financial crisis of 2008 which caused a fall in sales) and the other in 2014 (following a general destocking operation that may be linked to the first measures against the diesel engine). Note that in 2017, just before the introduction of the new WLTP standards, the increase in global stock was limited to 500,000 vehicles, which is two times less than the 13-year average.
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Nissan plans a new generation of the Maxima in 2019
- 说明
Nissan plans a new generation of the Maxima in 2019
- The Maxima is at the top of the Nissan range in the United States (its main market). This E-segment sedan competes with Toyota Avalon, Chevrolet Impala, Ford Taurus, Cadillac CT6, Lincoln Continental and Genesis G80.
- This category of vehicles is declining sharply in the United States, as American customers prefer large SUVs of all brands or large premium sedans from Europe (Mercedes, BMW, Audi, Volvo, Jaguar).
- The production of the Nissan Maxima, which has fluctuated between 50,000 and 70,000 units per year in recent years, is likely to fall to 35,000 units in 2018, prompting the automaker to anticipate its replacement.
- Yet, the competitors of the Maxima are in the same situation, with the Toyota Avalon sales falling from 70,000 units in 2015 to 37,000 in 2018, the Chevrolet Impala falling from 150,000 to 50,000 over the same period, the Ford Taurus from 75,000 to 48,000, the Cadillac CT6 from 34,000 to 13,000,and the Lincoln Continental remaining stable at 19,000 units.
- Even the Genesis G80 saw its sales drop from 85,000 in 2015 to 45,000 units in 2018.
- The E segment sedan market is shrinking, especially in the United States, and it may no longer be judicious to launch new models in this category. Chevrolet and Ford have already announced that the Impala and Taurus would not be replaced. The replacement of the Nissan Maxima could be considered to be irrelevant.
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Honda and GAC to produce electric vehicles in China
- 说明
Honda and GAC to produce electric vehicles in China
- Honda and its Chinese partner GAC will build a plant for the production of electric cars (BEV) and rechargeable hybrids (PHEV) through a new joint venture (49% Honda and 51% GAC). The new plant will be able to produce up to 170,000 vehicles per year from 2020 onwards. Vehicles manufactured under this agreement are expected to be marketed under the Trumpchi brand, a brand that GAC has been using for its own models for several years.
- This agreement is in response to the quotas imposed by the Chinese government on manufacturers based in China who allocate a minimum of 10% of electric vehicles in 2019 to each local manufacturer.
- GAC is Honda's second largest partner in China, with 642,000 badged Honda models coming out of its plants in 2017 out of a total of 1,443,000 Honda models manufactured last year in China. In addition, GAC manufactured 512,000 Trumpchi models and 212,000 models of other brands last year.
- Theoretically, according to the quotas imposed by the Chinese government, GAC should therefore manufacture more than 150,000 electric vehicles in 2019, under several brands. GAC had already negotiated an agreement with Toyota in the first half of 2018 to manufacture low cost electric vehicles. Until then, GAC had never worked with Toyota.
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European market catch up only partial since 2008
- 说明
European market catch up only partial since 2008
- While the European passenger car market had reached record sales in 2007, with a volume of 16 million units, the 2008 financial crisis and the ensuing economic crisis plunged the market into recession until 2013.
- Since 2014, there has been a catch-up phenomenon, and the European market for passenger cars which had fallen to 12.3 million units has gradually recovered to reach 15.6 million units in 2017 and probably 15.9 million units in 2018 (based on figures reported for the first 10 months), close to the 2007 record.
- However, if one adds up the sales that would have been effective between 2008 and 2017, assuming a constant market around 16 million units per year, 20 million additional vehicles should have been registered, which demonstrates that the catch-up has only been partial. This shortfall shows that many potential customers have postponed, or even forgone their purchases.
- With regard to the European market for light commercial vehicles, it can be observed that the record sales reached in 2007 (2.3 million units) have not yet been reached in 2017 (2.06 million units), and that the shortfall between 2008 and 2017 is in the order of 6 million units that were not registered during this period (had the market remained constant at around 2.3 million units per year). Which means that in this category as well, the catch up has only been partial.
- In total, car manufacturers in Europe lost 26 million sales in Europe between 2008 and 2017.
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Inovev forecasts production of 75,000 VW T-Cross per year
- 说明
Inovev forecasts production of 75,000 VW T-Cross per year
- Volkswagen unveiled its new B-segment SUV, the T-Cross. This model is below the Volkswagen T-Roc and Audi Q2in the SUV range of the German group, and at the same level as the Seat Arona and the future B-segment Skoda.
- The T-Cross B-segment SUV rivals models such as the Renault Captur, Nissan Juke, Peugeot 2008, Citroen C3 Aircross, DS 3 Crossback, Opel Mokka, Opel Crossland, Ford Ecosport, Fiat 500X, Jeep Renegade, Hyundai Kona and Kia Stonic.
- The T-Cross is built on the MQB-A0 platform of the VW Polo and Seat Ibiza, and not the MQB-B platform of the VW Golf, VW T-Roc, VW Tiguan, Audi A3, Audi Q2, Audi Q3, Seat Leon, Seat Ateca, Tarraco Seat, Skoda Octavia, Skoda Superb, Skoda Karoq, and Skoda Kodiaq.
- The T-Cross will be manufactured on the same site as the Polo, namely the VW factory in Pamplona Spain. The new Volkswagen SUV is 4.10m long (5cm more than the Polo), 1.84m wide (9cm more than the Polo), 1.56m high (10cm more than the Polo). Curiously, it is a little wider and a little higher than the T-Roc.
- The T-Cross is equipped with a petrol engine (the 3-cylinder 1.0 95hp and 115hp mounted on the Polo) and a diesel engine (the 4-cylinder 1.6 95hp mounted on the Polo).
- Inovev expects production of 75,000 T Cross per year on the Pamplona site.
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