Production achievements (PC+UV): Italy 10 months 2016 and forecast 2017
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Production achievements (PC+UV): Italy 10 months 2016 and forecast 2017
- One third of car production in Italy is sold in Italy each year. The level of the Italian market therefore has a certain, but however not significant, impact on the volume of local production. The Italian market grew strongly both in 2015 (+ 16%) and in 2016 (+ 15%), boosting car production in Italy.
For 2017, Inovev expects a lower growth (+ 7.5%) in the Italian market.
For 2017, Inovev expects a lower growth (+ 7.5%) in the Italian market.
- Italian production (mainly the Fiat-Chrysler Group) also benefited from the Jeep Renegade's location on the Melfi production site. This model, which is equipped with a Fiat platform (the Fiat 500X) is exported in large quantities to North America. It was produced at 120 000 units in 2015 and more than 160 000 units in 2016. It was therefore one of the elements that favoured the revival of Italian production, which had collapsed by 50% between 2007 and 2014, from 1.2 million downto 0.6 million. The Fiat 500X also contributed to the revival of production. The Melfi site produced 80,000 units in 2015 and more than 100,000 in 2016.
- In 2015, Italian car production increased by 34% (+220,000 units including 200,000 Renegade and 500X).
In the first 10 months of 2016, Italian car production increased by 12% (+85,000 units including 75,000 Renegade and 500X).
In the first 10 months of 2016, Italian car production increased by 12% (+85,000 units including 75,000 Renegade and 500X).
- Inovev expects a lower growth in 2017, around 2%.
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Production achievements (PC+UV): India 10 months 2016 and forecast 2017
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Production achievements (PC+UV): India 10 months 2016 and forecast 2017
- Nearly 80% of car production in India is sold in India each year. The level of the Indian market has therefore a very great impact on the volume of local production.
The Indian market grew significantly in 2015 (+ 7.8%) and in 2016 (+ 7.9%).
For 2017, Inovev expects a 7.5% growth of the Indian market.
The Indian market grew significantly in 2015 (+ 7.8%) and in 2016 (+ 7.9%).
For 2017, Inovev expects a 7.5% growth of the Indian market.
- Taking into account this parameter and exports, which account for 20% of local production, Inovev expects Indian production to grow in 2017 close to that of 2016. It will reach and then exceed for the first time the 4.5 million Units, making India the fifth largest producer in the world, behind China, European Union, the United States, Japan, and ahead of South Korea and Mexico.
- In the first 10 months of 2016, Indian car production increased by 9%. It marks a progress over 2015, since it had increased by 6% last year. For 2017, Inovev forecasts a nearly 9% increase in Indian production, thanks to the good performance of the Indian market and that of exports (notably Suzuki Celerio, Baleno, Ignis).
- As for carmakers, automobile production is and will remain dominated by Suzuki (Maruti), which accounts for one third of local production. The Hyundai-Kia, Tata and Mahindra groups will maintain their share, but Renault-Nissan could finally reach the 10% of Indian production, according to its objectives, thanks to the confirmed success of the Renault Kwid and Datsun Go.
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Production achievements (PC+UV): Spain 10 months 2016 and forecast 2017
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Production achievements (PC+UV): Spain 10 months 2016 and forecast 2017
- A fifth of car production in Spain is sold in Spain each year. The level of the Spanish market therefore has a certain, but however not significant, impact on the volume of local production.
The Spanish market grew strongly in 2015 (+ 21%) and in 2016 (+ 11%) thanks to the PIVE plan.
For2017, Inovev expects still a growth but a smaller one (+ 6%).
The Spanish market grew strongly in 2015 (+ 21%) and in 2016 (+ 11%) thanks to the PIVE plan.
For2017, Inovev expects still a growth but a smaller one (+ 6%).
- The evolution of production in Spain will indeed be impacted by the exports (and therefore the European market) and the arrival of new models on the Spanish sites. Over the last two years, the Spanish sites have welcomed the Opel Mokka, Renault Kadjar, Nissan Pulsar, Ford Mondeo, Ford Galaxy, Ford S-Max, Citroën C4 Cactus and the new generations of Renault Mégane and Opel Corsa. These models boosted the Spanish production in 2015 (+ 19%).
In the first 10 months of the year 2016, production kept on increasing, but only by 9%, a growth twice lower.
This results from:
In the first 10 months of the year 2016, production kept on increasing, but only by 9%, a growth twice lower.
This results from:
-1. A Spanish market growth twice lower in 2016 compared to 2015
-2 . A slower growth in the European market
-3. No new products on Spanish sites in 2016.
By 2017, Inovev expects a growth of the Spanish car production of nearly 9% (i.e; similar to 2016), notably thanks to the arrival of the new Seat Ibiza, VW Polo, Opel Meriva, Citroen C3 Aircross. Spanish production is expected to surpass for the first time the 3 million units.
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Production achievements (PC+UV): UK 10 months 2016 and forecast 2017
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Production achievements (PC+UV): UK 10 months 2016 and forecast 2017
- A quarter of car production in UK is sold in Great Britain each year. The level of the UK market therefore has a certain, but however not significant, impact on the volume of local production.
- The British market grew in 2015 (+ 6.3%) and in 2016 (+ 2.5%). But Inovev expects a 5% decline in the UK market in 2017, following the uncertainties surrounding the Brexit vote, even if it has not yet materialized, and the rise in the price of imported cars (which account for about 85% of the market), a consequence of the fall of the sterling pound (following the vote).
Taking these elements into account, the UK market is expected to decline not only in 2017, but also in the next two years.
Taking these elements into account, the UK market is expected to decline not only in 2017, but also in the next two years.
- However, British car production is unlikely to be affected by this decline, as it is mainly the imports which will be impacted. Moreover, the fall of the sterling pound will favours exports, and therefore local production. After rising 9% in the first 10 months of 2016, British car production will continue to grow in 2017, but Inovev expects however a growth which should not exceed 3%. Such an increase in production is drawn by the rise of Jaguar XE, XF and F-Pace from Tata group (Jaguar and Land Rover) the arrival of the Mini Coutryman in Cowley. These vehicles will offset the lose of production of the Nissan Note in Sunderland.
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Production achievements: Germany 10 months 2016 and forecast 2017
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Production achievements: Germany 10 months 2016 and forecast 2017
- A quarter of German car production is sold in Germany each year.
The level of the German market therefore has a certain importance on the volume of local production.
The level of the German market therefore has a certain importance on the volume of local production.
- The German market grew in 2015 (+ 5.6%) and in 2016 (+ 4.6%).
For 2017, Inovev expects a quasi-stagnation (+ 1.5%) of the German market.
For 2017, Inovev expects a quasi-stagnation (+ 1.5%) of the German market.
- Taking into account this parameter and, in addition, the volume of exports expected in 2017, in a world market whose growth will decrease (Chinese market growth lower due to the end of part of reductions tax reductions on small cars, the US market at the end of a cycle, a slowdown in the European market after three consecutive years of growth), we can expect a German car production stagnating in 2017, the production remaining however at a very high level (6 million units, close to that of the years 2014, 2015 and 2016).
- Germany will thus remain by far the leading European car producer country, far ahead of Spain, France and Great Britain.
As Inovev had foreseen in the analysis of 3 May 2016, German car production is likely to grow by close to 0% for the whole of 2016, with growth of only 0.8 % over the first 10 months of the year (and it is known that the last two months of the year will not be excellent in terms of market).
As Inovev had foreseen in the analysis of 3 May 2016, German car production is likely to grow by close to 0% for the whole of 2016, with growth of only 0.8 % over the first 10 months of the year (and it is known that the last two months of the year will not be excellent in terms of market).
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