Overview of PC + UV Sales in 10 Asian countries

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Overview of PC + UV Sales in 10 Asian countries

- In the first quarter of 2014, sales of PC and UV 10 Asian countries (Thailand, Indonesia, Malaysia, Philippines, Singapore, Vietnam, Korea, Taiwan, India, Pakistan) declined by 8.7% compared to Q1 2013 reaching 2 156 000 units.

- If we breakdown these figures, the Thai market fell by 45.8% (224 000 units). Two factors explain this decline: the end of the premiums for the purchase of new vehicles (car schemes) and political instability.

- Indonesia has seen its sales increase to 328 000 units, a rise of 11% compared to last year. Honda took advantage of this market by increasing its sales by 34.8% (36 000 units), thanks to the Mobilio.

- In Malaysia and the Philippines, the strong economic growth in both countries boosted the market with increases of respectively +1.4% (159 000 units) and +22.9% (52 000 units).

- Sales in Korea increased by 6.6% compared to Q1 2013 (382 000 units), although supplies were reduced as a result of walkouts. The sales of locally produced vehicles increased by only 4.6% while sales of imported vehicles increased by 27.1%.

- Finally, India fell by 11.1% (to 838 000 units). Tata's sales decreased by 36.3% (to 118 000 units sold) and it seems that there is no improvement in sight.

 

14-20-8  


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In 2014 the Argentinian PC market is declining

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In 2014 the Argentinian PC market is declining

- Since 2003 Argentina has experienced an almost continuous rise in vehicle registrations (apart from the decline in 2009, which affected all markets). The passenger car market increased from 110 000 in 2003 to 730 000 PC in 2013.


- However, the characteristics of the market did not meet the expectations of the Argentine government. Indeed, in 2013, nearly 63% of registered vehicles were produced outside of Argentina. In the government’s point of view, local production failed to take advantage of the growing market.


- To promote local production, at the beginning of 2014, the government introduced  a new 30% tax on vehicles whose retail price was greater than 170 000 pesos (15 000 Euros) and a tax of 50% for those sold above 18 000 Euros.


- This new tax has had two effects:

1.An artificial market growth at the end of 2013. Buyers bought vehicles before the end of the year (well before their re-purchase date) and took advantage of the good exchange rate between the dollar and the peso. In fact at the introduction of this tax, the value of the purchased vehicle was calculated on the basis of 1 dollar for 6.20 pesos while on the black market 1 dollar was worth 10 pesos. For the Argentine buyer, buying an expensive vehicle while benefiting from the exchange rate was a good deal.

2.For the Argentine government this measure had a real boomerang effect, indeed we can observe a noticeable decrease in the market since early 2014 : -6% in February and -32% in March? -33% in April and -38% in May. Over five months, the decrease exceeded 12%.

 

14-20-9  


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The future Land Rover Discovery will be produced at Halewood

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The future Land Rover Discovery will be produced at Halewood

- The Jaguar Land Rover Group (subsidiary of Tata Motors) announced that it will produce the new Land Rover Discovery at its plant in Halewood sometime during the summer 2015. This plant currently manufactures the Land Rover Freelander and Evoque.


- The Halewood plant produced just over 180 000 vehicles in 2013, for an installed capacity of 200 000 units per year.


- In order to produce the future Discovery, the manufacturer is going to release extra capacity in Halewood by reducing the production of both the Freelander and the Evoque, which will be produced in China for the local market (in partnership with the Chinese manufacturer Chery). Therefore they will no longer be exported from Halewood to China as of late 2015 (30 000 units in 2013).


- The Halewood plant will have a capacity of 50 000 units per year in order to produce the future Discovery, before the model can be manufactured in China for the local market.


- The Discovery will be marketed during the course of 2015. It will be the first in a series of new various Discovery models inspired by the Discovery Vision Concept that was presented at this year's New York Motor Show.


- As for the Freelander (segment C SUV) which dates back to 2006, the manufacturer has not yet released its replacement date. 

 

14-20-5  


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Overview of PC + UV Production of 7 Asian countries

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Overview of PC + UV Production of 7 Asian countries

- In the first quarter of 2014, the production of PC+UV in 7 Asian countries (Thailand, Indonesia, Malaysia, India, Pakistan, Korea and Taiwan) decreased by 5.9% compared to the first quarter of 2013 reaching 3 274 000 units. The fall in Thailand and India was offset by sound production levels in Indonesia and Korea, which slowed the decline down to a minimum.


- If we breakdown the figures, the production of Thailand fell by 28.3% to 517 000 units. The production of passenger cars fell by 37% compared to the first quarter of 2013, year in which production volumes were artificially driven by orders for vehicles generated by the tax measures implemented by the state.


- Indonesia’s production volumes increased by 18.4% to 340 000 units. Sales were driven by the strong performance of Toyota, Suzuki and Honda. Malaysian production increased by 5% to 153 000 units, reflecting steady growth.


- Korean production increased by 3.7% to 1 155 000 units. For the month of March alone, Hyundai, with the launch of the new Sonata, increased by 24.2% its production level (compared to March 2013) to reach 178 000 units. India meanwhile decreased by 10% to 983 000 units. Toyota's production (in India) fell by 39% due to a strike. However, Nissan and Honda are growing thanks to the Go Datsun and Honda Amaze.

 

14-20-7  


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Daimler is going to increase its production capacity in the U.S.

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Daimler is going to increase its production capacity in the U.S.

- Daimler AG announced that it will significantly increase the capacity of its U.S. plant in Tuscaloosa (Alabama) as soon as mid 2014 or at the latest in the first half of 2015.The annual production capacity of Daimler’s sole plant in the US (excluding heavy duty vehicles) reaches 200 000 vehicles a year. Yet  in 2013, Daimler produced nearly 190 000 vehicles in its plant in Tuscaloosa, mainly recreational vehicles: such as the M-Class SUV (122 000 units) GL-Class (42 000 units) and the R-Class crossover (9 000 units). The manufacturer also produced 16 000 Sprinter LUV in this plant for the U.S. market.

- As of 2014, the C-Class sold in the U.S. will be produced in this plant, and will no longer be imported from Germany. Forecasts target 90 000 units per year, which corresponds to recent average sales of the C-Class in the U.S. The German carmaker has just begun production of the C-Class in the Tuscaloosa plant

- In addition to the new C-Class, as of 2015, Daimler will produce in this plant the coupe version of the M-Class a derivate from the Concept Coupe SUV, presented at this year's Beijing Auto Show, and which may be called MLC.

- With the arrival of two new models, the capacity of the Tuscaloosa plant should therefore go from 200 000 vehicles per year to 300 000 vehicles per year. As a result, the German Bremen plant which also produces the C-Class will loose the amount transferred to Tuscaloosa.

 

14-20-6  


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  1. China's production capacity has reached 37 million vehicles per year in 2014
  2. European LUV sales by country in 2013
  3. New model transfer project for PSA
  4. The Korean market is more and more open to imports
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