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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Sales of passenger cars in Europe by body type and segment
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Sales of passenger cars in Europe by body type and segment
- Regarding sales of passenger cars in Europe by body type, we see that the supremacy of sedans remains (58% of sales in 2017) but that they lose three points compared to 2016. In terms of volume, sedan sales went from 6.6 million units in the first nine months of 2016 to 6.5 million in the first nine months of 2017.
- SUVs continue to grow, with market share increasing from 26% in 2016 to 30% in 2017, gaining four points of market share in a year, which is significant, with three points being taken from sedans and one from minivans that continue to decline (from 8% of market share to 7% in one year). In terms of volume, SUV sales increased from 2.8 million units in the first nine months of 2016 to 3.3 million in the first nine months of 2017.
- By segment, C segment remains first (39% in 2016 and 40% in 2017), ahead of B segment (33% in 2016 and 32% in 2017), D segment (15% in 2016 and in 2017), A segment (8% in 2016 and in 2017) and E segment (5% in 2016 and in 2017). The F segment remains at less than 1% of the European market.
- In terms of volume, C-segment vehicles rose from 4.2 million units in the first nine months of 2016 to 4.4 million in the first nine months of 2017. B-segment vehicles were at 3.5 million units in both years , D segment vehicles rose from 1.65 million to 1.7 million, and A segment vehicles from 0.9 million to 0.93 million.
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Top passenger car sales in Europe over the first 9 months of 2017
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Top passenger car sales in Europe over the first 9 months of 2017
- The European market grew by 3.6% over the first 9 months of 2017 compared to the first 9 months of 2016. The manufacturers that have progressed the most during this period are Suzuki (+ 22%, thanks to Ignis) and Toyota (+ 13.5%, thanks to the CHR), Fiat-Chrysler (+ 8%, thanks to Alfa Giulia and Stelvio), Geely-Volvo (+ 7%, thanks to XC60), Daimler (+ 6.6%) , Renault-Nissan (+ 6%) and Hyundai-Kia (+ 5.4%). Other manufacturers have experienced very little progress or even stagnation.
- Looking at the top 20 models, we see that those which have progressed the most are the very recent Citroen C3 and Volkswagen Tiguan. We must also note the very good performance of the Peugeot 3008 and Fiat Tipo whose sales have multiplied by 2.5, bringing them very close to the top 20.
- The models whose sales fell the most are the Ford Fiesta and Opel Corsa. The Ford Fiesta has been renewed in 2017.
- Among the top 20 (the 20 best-selling models) which make up 30% of the European market, VW Golf remains the market leader (395,000 sales), while losing 34,000 sales compared to last year. It is ahead of the Renault Clio (232,000 sales) gaining 15,000 sales, the VW Polo (221,000 sales) losing 9,000 sales, the Ford Fiesta (188,000 sales) losing 34,000 sales, the Nissan Qashqai (183,000 sales) gaining 15,000 sales, the Opel Corsa (181,000 sales) losing 20,000 sales and the Peugeot 208 (178,000 sales) losing 10,000 sales.
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Top passenger car sales in Russia over the first 9 months 2017
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Top passenger car sales in Russia over the first 9 months 2017
- The Russian market grew 10.6% over the first 9 months of 2017 compared to the first 9 months of 2016, with a volume of 1.13 million units. This volume ranks it fifth in Europe, behind Germany (2.61 million), England (2.07 million), France (1.56 million) and Italy (1.53 million).
- The 20 best-selling models in Russia for these 9 months in 2017 account for 55% of the registrations. They are all produced in Russia, imports representing only 16% of the market over this period. With the announcement of the construction of factories by Mercedes and BMW, it is likely that this share will further reduce in the coming years.
- Lada, leader of the Russian market (20% of market share), has five models in the top 20, Granta and Vesta gradually replacing the Kalina and Priora. The best-selling model remains the Kia Rio (74,000 sales), ahead of LadaGranta (68,000), LadaVesta (55,000), Hyundai Solaris (53,000) and Hyundai Creta (37,000). Hyundai / Kia group remains the second most widespread manufacturer in Russia, behind Lada but ahead of Renault, Nissan, and Toyota.
- The fastest-growing models relative to 2016 are the Hyundai Creta (+ 336%), Renault Kaptur (+ 305%), Volkswagen Tiguan (+ 196%), Lada X-Ray (+ 81%) and LadaVesta (+ 46%). The models that fell the most compared to 2016 are the Hyundai Solaris (-20%) and Renault Duster (-7%).
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Renault Sets Up Operations in Pakistan
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Renault Sets Up Operations in Pakistan
- The Pakistani market is experiencing the evolution of emerging markets in general, that is to say, in zigzags (a succession of positive and negative years). However, if one observes its evolution over a decade, we can see that the Pakistani market has gone from a level of about 150,000 units to a level around 200,000 units. Thus, in 2016, this market recorded 211,000 sales (vs. 229,000 in 2015).
- The Pakistani market is supplied almost exclusively by local production (215,000 units in 2016, compared to 230,000 in 2015). Three Japanese manufacturers account for 98% of production and sales: Suzuki, Toyota and Honda. The models produced are mainly segment A and B, as in India.
- Renault announced this month that it was going to set up operations in Pakistan, judging that this country, with its large population (200 million inhabitants) and a very low car ownership rate (around 16 units per 1,000 inhabitants) has very strong potential (Renault expects 10% per year market growth ).
- The vehicle assembly will take place in a brand new factory located in Karachi, through an association with Dubai-based Al-Futtaim. Sales of cars under the Renault brand will begin in 2019. Given Pakistan’s current market, the models produced could well be the (A segment) Kwid which is successful in India.
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