Russian production fell by 14% in 2014

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Russian production fell by 14% in 2014
 
- Russian car production in 2014 suffered from the decline of the Russian market of which it is still very reliant. It decreased by 14% compared to 2013 (1.88 million units), while the market fell by 10.3%. The fall in production in 2015 will be even bigger since the market is expected to decline by about 25% (according to the latest forecasts by Inovev), even with the help of a new  scrappage scheme. This would place the Russian car production at about 1.4 million units, the level reached in 2005.

- According to Inovev’s calculations, Russian exports reached approximately 300 000 units in 2014, mainly to the former Soviet Union and Ukraine. This is one of the lowest export rates among producing countries in the world: less than 16%. As for the US, vehicles manufactured in Russia are mainly designed for the local market.

- Manufacturers operating in Russia are more or less affected by the fall of the Russian market. In 2014, the highest production decrease rates were observed among Cadillac (-64%), Geely (-54%), Peugeot (-53%), Lifan (-50%), Ford (-45%) Chevrolet (-36%), Citroën (-31%), Opel (-25%), Lada (-24%) and BMW (-18%). On the other hand, other brands have continued to increase production in 2014: Mazda (+ 86%), Mitsubishi (+ 41%), Nissan (+ 38%), Renault (+ 7%) and Toyota (+ 4%). Lada still represents almost a quarter of the Russian car production of PC + LUV in 2014.

15-09-6  

 

Contact us: info@inovev.com 

Belgian production has lost 50% of its volume since 2005

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Belgian production has lost 50% of its volume since 2005
 
- Belgian car production has gradually lost 50% of its volume since 2005. This poor performance is mainly due to the continued fall of the European market between 2006 and 2013 (-22% in seven years) and also due to the closure of two of the main plants across the country, the Antwerp one in 2010 (GM ownership) and the Genk one in 2014 (owned by Ford) that were able to produce up to 700 000 vehicles in 2006 (sum of both plants).

- The two American manufacturers left Belgium and transferred their production to other European plants that were underutilized, today only two manufacturers remain in Belgium: Volvo (owned by Geely) and Audi (owned by Volkswagen).

- If the last two carmakers decide to stay in Belgium, the Belgian car production is expected to stabilize at current levels, and even re-increase due to a European market that is expected to grow over the next few years and a new model should be added to the Forest plant (Audi Q1).

- With France, Sweden and Italy, Belgium is one of the countries that suffered the most in terms of car transfers since 2005. If Belgium lost 50% of its production volume between 2005 and 2014, France has lost 47% of its volume during the same period, Sweden 44% and Italy 35%.

15-09-4  

 

Contact us: info@inovev.com 

Argentine production fell by 21.7% in 2014

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Argentine production fell by 21.7% in 2014
 
- Car production (PC + LUV) in Argentina has experienced a major setback in 2014, since it dropped by 21.7% last year, from 785 000 units to 614 000 units. Of the total manufactured vehicles, a little more than 350 000 vehicles were destined for export (mainly to Brazil), a decrease of 17% compared to 2013.

- Argentine production has suffered from the decline in exports but also from the decline in the local market (-28.6% compared to 2013).

- Consequently Argentina's production volume returns to its levels of 2009-2010. It must be noted that more than half of the vehicles sold in the country are imported, mostly from its neighbouring country, Brazil. This is also one of the reasons why the Renault-Nissan group recently decided to transfer to its Argentine plant in Cordoba the Renault Logan and Sandero sold in Argentina and that were manufactured in Brazil until today. Almost 40 000 units are to be produced in Argentina instead of Brazil.

- In 2014, Ford became the first producer in Argentina (103 000 units), followed by Toyota (96 000), FCA (95 000), GM (87 000), Renault-Nissan (81 000), VW (72 000) PSA (56 000). Argentina produced 204 000 pickups in 2014, against 215 000 in 2013. These pickups are sold locally and exported to other countries in South America. 

15-09-2  

 

Contact us: info@inovev.com 

Turkish production rose  by 23% in 2014

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Turkish production rose  by 23% in 2014
 

- Turkish car production regained in 2014 record high levels of 2010 and 2011. With a volume of 1.134 million vehicles produced last year, the Turkish production increased by 23% compared to 2013 and 46% compared to 2005 .


- These good results are to be credited to a European market that was up in 2014 and thus experienced a sharp rise in exports. These results are all the more astonishing that the Turkish domestic market suffered in 2014 a decrease of 14%, a loss of 125 000 vehicles in a market of almost 775 000 units.


- The Ford Transit has seen its production increase by 33% in one year, especially with the introduction of two different generations (Transit and Transit Custom) to which was added the compact Transit Courier (Ford Fiesta base).


- Hyundai production was doubled, thanks to the arrival of the little i10 which was added to the i20 on the assembly lines of the plant in Izmit, and is marketed in Europe.


- Toyota production was multiplied by two and a half, thanks to the arrival of the Corolla sedan that was added to the Verso compact MPV (both using the Auris platform) and is marketed throughout Europe, including Russia.


- Other manufacturers (Renault, Fiat, Honda) had smaller changes in 2014. Let us recall that the Fiat plant not only produces Fiat vehicles, but also Citroën (Nemo), Peugeot (Bipper) and Opel (Combo) cars.


15-09-5  

 

Contact us: info@inovev.com 

Thai production fell by 23.7% in 2014

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Thai production fell by 23.7% in 2014
 

- Thai car production in 2014 suffered from the fall of the local market which alongside the country's political situation, became very unstable and the stopping of the government's program of incentives for the purchase of cars for "first time buyer. "


- In 2014, production fell by 23.7% while the local market dropped to 33.3%. This gap between production and sales highlights the fact that exports (mainly pickups, since Thailand is a centre of production of mid-range pick-up van  for the whole world) maintained a high level last year (more than one million vehicles exported in the world).


- The year 2014 ended with the Thai market closing at 900 000 registered vehicles, since it has reached the 845 000 unit threshold (against 1 264 000 units in 2013 and 1 415 000 in 2012). This brings us back to the levels of 2011.


- All carmakers were affected in 2014. Toyota remains the biggest producer of the country (730 000 units) but decreased by 11.5%. Other manufacturers Mitsubishi (323 000, -5%), Isuzu (235 000, -8%), Ford (145 000, -3.2%), Honda (144 000, -47.4%), Nissan (127 000, -47.1%), Mazda (69 000, -25.3%), GM (55 000, -29, 3%) and Suzuki (23 000, -56.4%) also experienced setbacks last year.


15-09-3  

 

Contact us: info@inovev.com 

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