Many markets have declined in the first quarter of 2014
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Read more... Many markets have declined in the first quarter of 2014
Pakistan production and market analysis
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- Pakistan is a country that assembles passenger cars (CKD) but does not produce them. In 2013, the country assembled 121 000 vehicles after a peak in 2007 (176 000 units). This decline in production is mainly due to the recession that hit the country after 2007 and the severe floodings of 2010. Pakistani auto plants are underutilized because the country's plants have a capacity of approximately 270 000 units (i.e. only 45% usage rate).
- In a country where the motorization rate is low (8 vehicles/1000 inhabitants in 2007), production is intended only for the local market. Importing very few vehicles (mostly sedans from segments D and E for businesses and administrations), we can hence consider that the annual market is equivalent to the annual production. Which ranks Pakistan in the 45th place world wide in terms of PC registrations. (behind Kuwait and before Morocco ) and 33th largest global producer ahead of Portugal and behind Uzbekistan.
- In 2013, the production of Pakistani PC was composed of 100% Japanese vehicles: Suzuki (55% of annual production), Toyota (in JV with Indus - 25%) and Honda (20%). Since the beginning of 2014, Hyundai has entered the market.
- In the first quarter of 2014, 8 models were produced:
- 4 Suzuki: The Mehran (former Alto - segment A), Cultus (former Swift - segment B), the Bolan (Minivan) and the current Swift .
- 2 Honda: The City (segment B) and Civic (segment C)
- 1 Toyota: the Corolla (segment C) is the most produced and sold model in the country.
Ford launches its 4th LCV model : the Transit Courier
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Read more... Ford launches its 4th LCV model : the Transit Courier
Changan is the Chinese manufacturer that has the highest growth in Q1 2014
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Read more... Changan is the Chinese manufacturer that has the highest growth in Q1 2014
The European plant utilisation rate by country (2005-2014)
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- The average rate of utilisation of plants in Europe (Europe at large: Europe 28 + Russia + Ukraine + Turkey) will likely reach 69% in 2014.
This estimate takes into account the results of the first three months of 2014 and does not take into consideration Bochum (Opel) and Genk (Ford) plants closure, which will take effect only in the fourth quarter of the year.
- Countries that have a utilisationrate higher than the overall average are Germany (93%), which continues to benefit from robust exports, Romania (86%) enjoying the success of the Dacia in Europe even if part of the production is progressively transferred to Morocco, Slovakia, which takes advantage of the ongoing transfer of the Peugeot 208 from France, Turkey (70%) due to the gradual arrival of the Renault Clio from France, and finally Great Britain (94%) which now has a rate close to Germany’s one (with production of vehicles which are exported worldwide: Nissan Qashqai, Nissan Juke, Nissan Note, Mini, Toyota Auris, Honda CRV, Jaguar and Land Rover).
- All other countries have an utilisation rate lower than the overall average of 69%, except France which maintains its rate to the European average, mainly due to the arrival in 2014 of the Renault Trafic and Nissan NV300 produced previously in Spain and Britain.
Read more... The European plant utilisation rate by country (2005-2014)