Inovev expects production of 50,000 units per year from the new Volvo S60
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Inovev expects production of 50,000 units per year from the new Volvo S60
- Volvo (a subsidiary of the Geely Group) unveiled the new generation of the S60 sedan (D-segment), just months after unveiling the new V60 station wagon. Unlike the V60 wagon, which is manufactured at the Ghent site in Belgium, alongside the V40 and XC40, the S60 sedan, much less popular on the European market than the V60 wagon, will be manufactured at the new Volvo site in Charleston, in the USA ,which will be its first market.
- The Swedish manufacturer takes advantage of the fact that the Europeans prefer to buy the Volvo estate and that the Americans prefer to buy the Volvo sedans to distribute the S60 and V60 production according to the tastes of the customers. Note that for Volvo E segment, production is also separated between sedans and station wagons, since the S90 sedan is produced in China and the V90 in Sweden.
- The engines of the S60 are: no diesel but petrol engines, such as the T5 (250hp) and T6 (310hp), as well as rechargeable hybrids T6 Twin Engine (340hp) and T8 Twin Engine (390hp) all derived 2.0 petrol.
- The competitors of the Volvo S60 are mainly Mercedes C-Class, BMW 3 Series, Audi A4, Jaguar XE, Lexus IS and Alfa Giulia. Inovev expects a production of 50,000 units per year on the Charleston site, including 35,000 for North America and 15,000 for Europe. The S60 will be produced in China for local demand.
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Opel produces less than Porsche in Germany in 2018
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Opel produces less than Porsche in Germany in 2018
- For the first time in its history, Opel produced less than Porsche on German territory in 2018. According to the figures calculated by Inovev for the first five months of the year, Opel produced 106,000 cars during this period while Porsche has produced 111 000. Over the year, Opel will produce 250 000 cars while Porsche will produce more than 260 000 cars.
- In the year 2000, Opel was a big producer in Germany, since the brand that was still GM's subsidiary at that time was producing 650,000 cars while Porsche made only 32,000 cars.
- The decline in Opel's production in Germany reflects the brand's loss of influence on the European continent (its market share fell from 10.5% in 2000 to 5.7% in 2018) and also the result of its successive relocations (to Spain and Poland in particular) which ultimately led to the closure of the German Bochum plant in 2014.
- For its part, Porsche, acquired by the Volkswagen Group, continued to expand its range, resulting in the launch of two SUVs (Cayenne and Macan) and a sedan (Panamera), while avoiding relocation to low labor cost countries. The manufacture of the Boxster and Cayman was even relocated in Germany in 2011 (from the Valmet plant in Finland). The transfer of Opel Grandland from Sochaux to Eisenach in 2019 could, however, help the Opel brand to produce a little more than Porsche next year.
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The 2017 European market by segment and body type (2)
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The 2017 European market by segment and body type (2)
• A Segment represents 8% of the European passenger car market, compared to 11% in 2010 and even 12.5% in 2009, which were years of government scrapping premiums that benefited mainly small cars. But in 2005, it was at 6.5%. The breakdown by body in this segment shows that sedans represent almost all sales of A segment, since SUV and MPV (minivans) are practically non-existent. The A segment sedans therefore experienced a peak in 2009 which quickly fell back. Their sales went from 1.75 million in 2009 to 1.2 million in 2011 and 2017.
• Segment B currently accounts for 32% of the European passenger car market, up from 28% in 2005. This segment has been growing steadily for the past fifteen years. The breakdown by body in this segment shows that this increase is due to growth in SUV sales, which more than offset the decline in sales of sedans. Sales of B-segment sedans fell from 3.5 million units in 2000 to 3.2 million units in 2017 (-0.3 million), while sales of segment B SUVs rose from 0 to 1.3 million units in 2017 (+1.3 million). The segment B minivans‘ influence declined between 2005 and 2017, their sales decreasing from 0.5 million units in 2005 to 0.25 million units in 2017.
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Inovev expects 30,000 units per year for the BMW 8 Series
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Inovev expects 30,000 units per year for the BMW 8 Series
- BMW unveiled the new 8 Series coupe that replaces the Series 6 coupe, this 6 Series is now dedicated to the 5-door GT version of the Series 5. An 8 Series convertible should be unveiled in the coming months to replace the current 6 Series convertible, and it is likely that a Gran Coupé (4-door sedan) version will complete the 8 Series lineup next year.
- This large two-door coupé (4.84 m long, 1.90 m wide, 1.34 m high) takes the name of the first 8 Series which was produced from 1989 to 1999 for 33 000 units in total (3 000 per year on average).
- The choice of engines is the 840d (gasoline engine six cylinders 3.0 320h) or the M850i (new V8 4.4 biturbo 530hp), with an automatic Steptronic eight-speed gearbox and an xDrive all-wheel drive. The new BMW 8 Series will be marketed in Europe starting November 2018.
- This new model, as well as its future convertible and Gran Coupé versions, will be manufactured at the German Dingolfing site, dedicated to BMW's premium models (5, Series 6 Series, 7 Series, 8 Series).
- Inovev expects production of 30,000 units per year (including future cabriolet and Gran Coupé versions), while the 6 Series has never exceeded 26,000 units. The main competitor of the BMW 8 Series coupe is the Mercedes S-Class coupe.
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The 2017 European market by segment and body type(3)
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The 2017 European market by segment and body type(3)
- C Segment currently accounts for 38.5% of the European passenger car market, relative to 38.5% in 2005. This segment is stable. The breakdown by body in this segment shows that the sedans are losing influence, since their sales volume decreased from 3.6 million units in 2000 to 2.6 million units in 2017 (-1 million). SUVs in this segment grew strongly, from 0.1 million units in 2000 to 2.1 million units in 2017 (+2 million). C-segment minivans have lost much of their influence over the last decade, from 1.5 million units in 2007 to 0.75 million in 2017, a 50% drop.
- D segment currently accounts for 14% of the European passenger car market, down from 17.5% in 2005. This segment has been steadily declining over the past fifteen years. The breakdown by body work in this segment shows that this drop is due to the fall in sales of sedans (mainly generalists). Their sales decreased from 2.5 million units in 2000 to 1.25 million units in 2017, a 50% drop. The SUVs in this segment are growing and reached 0.75 million sales in 2017 against 0 in 2000. The segment D minivans have completely disappeared.
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