Jaguar unveils the new sedan XE (segment D)

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Jaguar unveils the new sedan XE (segment D)

- Jaguar the British manufacturer (owned by Tata Motors) unveiled its new sedan from segment D, the XE. The vehicle in the carmaker’s range is in the segment below that of the XF and will compete with Premium sedans firmly established on the world market, such as the BMW 3 Series, Audi A4, Mercedes C-Class and incidentally the Volvo S60 and Lexus IS.


- The new XE model replaces the old Jaguar X Type range launched in 2001 in a sedan body and in an estate version in 2004 (the first Jaguar estate in history)  its total production reached 369 000 units, up until 2009, the date of its removal from the market (i.e. an average 45 000 units per year).


- While the old X Type was manufactured in Halewood on the platform of the Ford Mondeo, the new XE will be built in Solihull (this will be the first Jaguar to be produced on the historic site of Land Rover) on a new aluminium platform that will used on other models produced on this site, including the future Jaguar and Land Rover SUV.


- The XE will be equipped with 4-cylinder fuel and diesel engines (Ingenium type) and the V6 taken from the XF. It measures 4,67m long (against 4,96m for the XF), 1.85m wide and 1.41m high.


- Inovev expects a production of 50 000 vehicles in Europe. In comparison, the BMW 3 Series is produced at almost 400 000 units and Mercedes C-Class and the Audi A4 between 250 000 and 300 000 units. Jaguar XE could also be produced in China in the new Jaguar Land Rover plant in Changzhou (a plant with a capacity 80 000 Land Rover and 30 000 Jaguar).


14-27-5  


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Ford to build two new plants in China

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Ford to build two new plants in China

- Ford the American carmaker currently has two plants in China (manufacturing  passenger cars) located in Chongqing. In these two plants, Ford manufactures models sold in China, such as the Fiesta (48 608 units in 2013), Focus (402 476 units), Ecosport (60 405 units), Mondeo (70 583 units), Kuga (97 404 units), S Max (1220 units) for a total of 680 696 units in two saturated plants (with a capacity of 300 000 units per plant). In partnership with the Chinese carmaker Changan, the first plant started manufacturing in 2002 and the second plant started in 2009.

- Ford also has another plant in China (for light commercial vehicles), located in Nanchang, which started its production in 2002 and manufactures the Transit. This plant is the result of a partnership with the Chinese carmaker Jiangling (JMC).

- In 2014, Ford will sell 800 000 PC in China and given the strong sales of Ford in the PC market, the manufacturer is going to double its local production capacity from 600 000 at 1 200 000 PC per year.

- The first new Ford plant will be opening in the fourth quarter of 2014, also in Chongqing and still with Changan and the second will open in 2015 in Hangzhou (also with Changan). These plants will produce, the following passenger cars: the Ford Focus sedan (past and present), the future Escort (segment C), the Fiesta, the Mondeo, the S-Max MPV and Ecosport SUV, the Kuga and the Future Edge.

14-27-6  


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Spanish market forecast for 2015 (PC + LUV)

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Spanish market forecast for 2015 (PC + LUV)

- The Spanish car market experienced a drop of more than 50% of its sales volume between 2007 and 2013 going from 1.8 million units to 0.8 million. The end of the scrapping schemes that lasted for ten years and that helped develop the Spanish market to a level never reached in the past, have also increased its fall.

- The new Pive plan (established since 2012) has accelerated the growth of a market that began a reboot in 2013 and continues to grow in 2014 (+20% in 2014 compared to 2013).

- In 2015, growth is expected to be lower (depending on the duration of the Pive plan), and stand around 4% to reach a market of just over one million units. Even if consumer and business confidence has increased (the country is emerging from a recession), economic growth in 2015 will remain under 1% according to various economic institutes.

- The Spanish market will remain highly dependent on the Pive plan as long as the country's economic growth isn't stable and long lasting.

- In 2014, 77% of vehicles sold in Spain are imported from abroad.

14-27-2  


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Turkish market Forecast for 2015 (PC + LUV)

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Turkish market Forecast for 2015 (PC + LUV)

- The Turkish market (PC + LUV) traditionally progresses in fits and starts. The market collapse of 2001-2002 was followed by a restart period in 2003-2004 that lead to another period of decline in 2005-2008. Finally a new period of prosperity took over between 2009 and 2013.

- In 2014, the market is expected to lose nearly 28% of its volume and to return to levels reached in 2006, this market decline is explained by various factors, including rising interest rates and restrictions on bank loans, that thus weigh on consumers. Furthermore the weakness of the Turkish lira has resulted in increased prices of imported vehicles (in 2014, 70% of vehicles sold were imported).

- For 2015, the growth of the Turkish economy is expected to reach 4% (according to the OECD), and will especially benefit from the slow European recovery. The prospects for car sales still remain dependent on borrowing costs and the access to these loans.

- However, the Turkish market has shown in the past that it had the ability to bounce back from periods of heavy decline. The medium-term outlook remains positive and Inovev anticipates a slight market recovery of around 9% in 2015 to reach 700 000 units.

14-27-4  


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Russian market forecast for 2015 (PC + LUV)

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Russian market forecast for 2015 (PC + LUV)

- The Russian automotive market (PC + LUV) has dropped significantly since the beginning of the year and should end the year at -13.5%. The situation that wasn't exactly prone to growth since 2013 (-5.4% over 12 months) has significantly deteriorated.


- Despite a fairly robust consumption (thanks to rising incomes), the Russian economy is still quite fragile, and among other things a lack of investor confidence is also to blame. The development of geopolitical tensions over Ukraine, has accentuated the slowdown in the Russian economy.


- Until the situation stabilises, it is very difficult to predict the market evolution in 2015.


- However, the introduction on the 1st  September 2014 of  a new scrapping scheme may compensate over the four next months part of the decline in the Russian market, since these incentives will end on the 31 December 2014.


- The Russian market could well end the year 2014 with a volume of 2.4 million new vehicles sold (-13.5%), while another scenario of -20% was feasible prior to the announcement of these new scrappage schemes.


- The Russian market could decline again in 2015 (2.35 million vehicles) if the scrappage scheme are not maintained beyond 2014, especially if the economic and political situation does not settle by then. The reboot of the Russian market could ultimately take place in 2016.


14-27-3  


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  1. French market Forecast for 2015 (PC+LUV)
  2. Italian market forecast for 2015 (PC + LCV)
  3. German market Forecast for 2015 (PC + LUV)
  4. UK market Forecast for 2015 (PC + LUV)
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