Volvo unveiled the first models based on the platform CMA
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Volvo unveiled the first models based on the platform CMA
- While the first Volvo models with the platform SPA (Scalable Product Architecture) dedicated to the segment E models were launched in 2015 (XC90) and 2016 (S90 / V90), the first Volvo models with the new platform CMA (Compact Modular Architecture) dedicated to the C-segment models will be launched in 2017. Two concepts anticipating future V40 and XC40 C segment were unveiled this month.
- These two models will replace the current V40 sedan, launched in 2012. One will be a classic 5-door sedan (as the current V40), the other will be a brand new compact SUV with 5 doors and derived from the sedan.
- Volvo did not have until now a SUV from the C segment. Actually, the Swedish brand controlled by Geely had only two SUVs from the upper segments, the XC60 (D segment) and XC90 (E segment). But, SUVs from the C segment C represent today the largest share of sales of SUV in Europe, and this segment/body is growing strongly.
- Volvo will equip its two new models with a gasoline engine, a diesel engine, a plug-in hybrid and a BEV version. These models will also launch an all-new 3-cylinder petrol engine.
- Both models will be produced at the Belgian plant of Volvo (Gent) at a rate of 150 000 units/year (100 000 units for the sedan V40 and 50,000 for the SUV XC40).
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Peugeot unveiled the second generation of 3008
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Peugeot unveiled the second generation of 3008
- Peugeot unveiled the second generation of 3008, a compact SUV competing with the Renault Kadjar and Nissan Qashqai.
This new model, which is 445cm long , 191cm wide and 162cm high, will succeed from this fall to the current 3008.
This new model, which is 445cm long , 191cm wide and 162cm high, will succeed from this fall to the current 3008.
- The current 3008 has been produced since 2009 in Sochaux (France) (700 000 units from 2009 to now) and since the end of 2012 in Wuhan (China)(200,000 units since the launch). The new 3008 will also be produced in Sochaux and Wuhan plants at 200,000 units/year (100 000 units per plant).
At Sochaux, it will be produced alongside the sedan and station wagon versions of the Peugeot 308, and alongside the future SUV of Opel. All these vehicles share the same EMP2 platform. With a capacity of 400 000 units per year, the Sochaux plant can produce each year 250,000 units of the Peugeot 308, 100 000 of the Peugeot 3008 and 50 000 of the Opel SUV.
At Sochaux, it will be produced alongside the sedan and station wagon versions of the Peugeot 308, and alongside the future SUV of Opel. All these vehicles share the same EMP2 platform. With a capacity of 400 000 units per year, the Sochaux plant can produce each year 250,000 units of the Peugeot 308, 100 000 of the Peugeot 3008 and 50 000 of the Opel SUV.
- The current generation of 3008 has succeeded to reach in 2010 the 3rd rank on the European SUV C-segment market. But with a growing market and new competitors, this model quickly declined until falling down to 11th rank in 2015, just behind the Renault Kadjar launched this year. The new 3008 will attempt to regain an honourable market share with a volume of 100 000 units per year. It could succeed to reach the 6th or 7th rank in this market.
The SUV C-segment market accounts for 8% of the European car market.
The SUV C-segment market accounts for 8% of the European car market.
- Next year, the 3008 will be joined by a SUV from the D segment, a competitor of the new Renault Koleos.
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Chevrolet starts marketing the new Cruze
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Chevrolet starts marketing the new Cruze
- The second generation of the Chevrolet Cruze has arrived in North American in 2016, a year after being launched in China.
The Cruze is in the C segment that includes in US mainly Toyota Corolla, Honda Civic, Nissan Sentra, Hyundai Elantra and Ford Focus. This car segment (called “compact”) represents now 33% of the car market in the US, against 28% in 2010 and 22% in 2005. It is therefore a fast growing segment, where two-thirds of sales are controlled by Asian brands (Japanese and Korean).
The Cruze is in the C segment that includes in US mainly Toyota Corolla, Honda Civic, Nissan Sentra, Hyundai Elantra and Ford Focus. This car segment (called “compact”) represents now 33% of the car market in the US, against 28% in 2010 and 22% in 2005. It is therefore a fast growing segment, where two-thirds of sales are controlled by Asian brands (Japanese and Korean).
- The Chevrolet Cruze, which replaced the Cobalt in 2010 is the best-selling non-Asian car in its class, ahead of the Ford Focus and VW Jetta.
- This second generation is based on the platform (Global Delta) already produced on the Opel Astra and Buick Verano.
It is produced in the US Lordstown plant, as for the previous generation, but also in the Mexican Ramos Arizpe where production has just started in April 2016. It is also produced in China in the Yantai plant (province of Shandong). This plant belongs to the Chinese group SAIC.
It is produced in the US Lordstown plant, as for the previous generation, but also in the Mexican Ramos Arizpe where production has just started in April 2016. It is also produced in China in the Yantai plant (province of Shandong). This plant belongs to the Chinese group SAIC.
- Inovevforecasts on a volume of 500 000 units/years:
250,000 Cruze units/year in the US from 2016, and 250,000 Cruze units/year in China.
250,000 Cruze units/year in the US from 2016, and 250,000 Cruze units/year in China.
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Algeria has set new rules for car imports
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Algeria has set new rules for car imports
- Algeria has set new rules for car imports.
These rules have a direct impact on the volume of the Algerian market and on the carmakers export to that country.
These rules have a direct impact on the volume of the Algerian market and on the carmakers export to that country.
- Indeed, we must remember that Algeria produces few cars and for less than two years only (Renault plant in Oran began operations in November 2014 and its volume will not exceed 40 000 units in 2016).
However, its auto market (composed only of imports until 2014) has reached up to 437,000 vehicles in 2012, then dropped to 400,000 in 2013 and 342,000 in 2014. In 2015, it came down to 265,000 units, including 20,000 Renault brand cars produced locally.
However, its auto market (composed only of imports until 2014) has reached up to 437,000 vehicles in 2012, then dropped to 400,000 in 2013 and 342,000 in 2014. In 2015, it came down to 265,000 units, including 20,000 Renault brand cars produced locally.
- In 2016, the Algerian authorities have fixed the import quota to 152 000 vehicles.
- With 40,000 Renault cars produced locally, the market should therefore reach around 192,000 units, a volume down by 28% compared to 2015, by 44% compared to 2014 and 52% compared to 2013.
- By these measures, the Algerian authorities want to attract carmakers to produce in Algeria. For now, only PSA group plans to build a new plant in the country.
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Complementarities between Nissan and Mitsubishi
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Complementarities between Nissan and Mitsubishi
- While Nissan is in the process of taking control of Mitsubishi Motors, it is interesting to analyse the complementarities between the two carmakers.
- Product range complementarity: Sedan/SUV breakdowns of Nissan and Mitsubishi vehicle sales are very similar at worldwide level: in both carmakers, sedans account for 40% of production in 2015, and SUVs for 36% during the same period. However, the MPVs share is higher at Nissan (9% vs 2% for Mitsubishi), while pick-ups share is more important at Mitsubishi (15% vs 7% for Nissan). It is to be noted that Mitsubishi sedans belong mostly to the A segment (K-cars).
There is therefore an obvious complementarity and potential synergies between the two carmakers.
There is therefore an obvious complementarity and potential synergies between the two carmakers.
- Geographical complementarity: Nissan is a global carmaker, while Mitsubishi sells mainly in Japan and in ASEAN, where Nissan is less present. During these last years, Mitsubishi closed its Australian plant (2008), its European plant (2012) and its American plant (2015). Meanwhile, Nissan has not closed any plants but conversely opened new ones.
- In terms of production volume, Nissan has produced 4,5 times more than Mitsubishi (2,5 times in 2005). Mitsubishi sales dropped significantly in 2015 (-13,5%) while Nissan sales increased strongly (+7,5%). Moreover, Nissan is composed of three brands, well positioned: Datsun for the entry range, Nissan for the middle range and Infiniti for the premium market, while Mitsubishi has only one brand. Finally, the case related to the consumption of its engines, having recently come out in Japan, will certainly weaken Mitsubishi in 2016.
- The Mitsubishi’s acquisition is therefore a good opportunity for Nissan, both from financial and product range points of view.
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