Argentina's production has quadrupled since 2002

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Argentina's production has quadrupled since 2002
 

- The automobile industry is a key sector of the Argentine economy since it represents 36.5% of manufactured exports and 7.5% of employment (more than 140,000 jobs throughout the value chain sector).


- In addition, automobile production is one of the 11 priority sectors that are part of the "2020 Argentine Industrial Strategic Plan”. Its aim is to strengthen the domestic industry , to achieve a production of 1.9 million units in 2020 and locally produce 60% of the components of vehicles made in Argentina.


- Argentina's production (PC + LCV) has more than quadrupled since 2002, the same date we saw a peak in the recession of this country recorded from 160 000 units in 2005 to 760,000 in 2012.


- From 2003 until 2008, car production has benefited from the economic growth of the country but also from the growth of its neighboring countries (mainly Brazil) since exports have been growing about 22% each year during this period.


- From 2010, the Argentine production started up again: 720 000 units in 2010 and 820,000 in 2011. In 2012, however, production fell to 760,000 units, while registrations continued to grow. This means that the country is importing more vehicles from abroad (mainly Brazil).


- With a of volume of more than 700,000 units per year, Argentina is still above its 1998 peak record (460,000 units).


- Per carmaker, the PSA group is the leader in terms of production, with a share of 18% in 2012, ahead of GM (17%) Renault-Nissan (14%), VW (14%), Ford (12%) and Toyota (12%).

13-19-9

 

Mercedes unveils the new S-Class

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Mercedes unveils the new S-Class
 

- Mercedes has unveiled the new S-Class, the "flagship" of the Stuttgart brand.  This model takes over the generation launched in 2005, which itself replaced the generation launched in 1998.


- The first S-Class was launched in 1965. Since then, the Mercedes high-range S-class has managed to supplant its two main competitors, the BMW 7 Series (the first model dates from 1968) and Audi A8 (the first model in 1988).  It is however to note that the difference in sales between the three luxury cars has greatly reduced over the past three years (with a S-class arriving at the end of a cycle).


- The image of the three Premium carmakers - Mercedes, BMW and Audi - lies greatly on these three models, symbolizing the upscale European level. The new Mercedes S-Class positions itself now as the highest range model of Daimler, since the Maybachwas stopped earlier this year.  The carmaker expects sales of 100,000 vehicles per year, a figure already achieved in the past (between 1982 and 1986, between 2000 and 2003 and between 2006 and 2008).


- Other carmakers have tried with little success to make a foray into this luxury sedan segment , in particular Lexus (with the LS), Jaguar (with the XJ) and Maserati (with the Quattroporte), but also Cadillac or Lincoln who lost his footing on the market. Above this range, however, remain Rolls-Royce and Bentley, but with very modest sales volumes (less than 10,000 vehicles per year).

13-19-7

 

Taiwanese market does not succeed in getting back to its pre-crisis (2008) level

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Taiwanese market does not succeed in getting back to its pre-crisis (2008) level
 
- Taiwan benefits from a dynamic market economy, with a high GDP per capita (15 000 Euros in 2012 according to the UN, which positions the country at the 20th position – 20 000 Euros in 2012 according to IMF, which positions the country at the 30th position).

- Structurally linked to the development of the global economy (exports accounting for two-thirds of GDP), the island has suffered from the economic slowdown of its trading partner countries, including the Euro area. Taiwanese companies are  mainly small-and medium-sized (conversely to Japanese and South-Korean companies).

- Taiwanese economy had quickly started to recover from the global 2008-2009 financial crisis, benefiting in particular from the rise of China, its first partner. But purchasing power of households declined in 2012/2013, prompting the automotive market to decrease again. 

- Automotive market has fallen between 2005 and 2008, from 450,000 vehicles per year to 180,000, then increased between 2009 and 2011 to reach 290,000 vehicles per year, and again displayed a decline in 2012 and 2013, down to 250 000 vehicles per year.

- Considering carmakers, Toyota dominates the Taiwanese market (45% share), far ahead of Nissan, Mitsubishi and Honda. This is often the case in Southeast Asia countries.


13-19-6

 

The Argentine market has grown more than twice its size since 2005

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The Argentine market has grown more than twice its size since 2005
 
- Twenty-second largest economy and third in Latin America, Argentina has seen its car market (PC + LCV) size at least doubled since 2005, from 380,000 units in 2005 to 830,000 in 2012.

- After the severe crisis of 2001, the Argentine car market has returned to a stable and strong growth, boosted by a steady improvement in the economy (more than 8% growth on average between 2003 and 2011), a strong reduction of unemployment and a GDP per capita (17 400 USD) in "purchasing power parity" which ranked it at the top of Latin American countries.

- Affected by the global financial crisis in 2009, the Argentine economy experienced a rapid and strong recovery in 2010, as the rest of the South American continent did. The car market and evolved from 630,000 units in 2010 to 815,000 in 2011 and 830,000 in 2012. Note that Argentina imports nearly half of its new vehicles from abroad, mainly from Brazil.

- With a of volume of more than 800,000 units per year, these Argentine levels are similar to those of the 90s.

- Per carmaker, the VW group is the leader of the Argentine market, with a share of 22.7% in 2012, ahead of GM (18.9%), Renault-Nissan (15.2%), PSA (14 , 7%), Ford (12.4%) and Fiat-Chrysler (10.0%).

 

13-19-8

 

The 20 most produced cars in Asia in the 1st quarter of 2013

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The 20 most produced cars in Asia in the 1st quarter of 2013
 

- Among the 20 most produced cars of the 1st quarter of 2013 in Asia (excluding the Indian subcontinent), there are 14 cars produced in China.


- However, the most produced car is manufactured in Japan. This is the Toyota Prius, with 220,000 units during this period in its different versions (Prius, Prius +, Prius Plug-in), the most produced hybrid car and the best-selling one worldwide. At this rate, the Prius could exceed 800,000 units produced in 2013.


- Models made in China are well positioned, as shown in the top 20 the VW Lavida (4th), Ford Focus (7th), Great Wall Hover (9th), Hyundai Avante (10th), but also the Chevrolet Cruze, the Chevrolet Sail, the Buick Excelle, the VW Jetta, the VW Sagitarand the VW Passat.


- Small Chinese minibus' from the Wuling brand are placed in 2nd, 3rd and 5th position.


- It should be noted that out of the 20 cars the most produced in Asia during the first quarter of 2013, there were 4 Volkswagens, 4 Toyotas, 3 Wulings, 2 Chevrolets, 2 Hyundais , 1 Ford, 1 Buick, 1 Kia , 1 Great Wall, 1 Mazda.


- In other words international manufacturers crush 100% Chinese carmakers of which only one (Great Wall) manages to rank a model among the top ten. Wuling is gradually becaming a subsidiary of the GM group.


- It will take many years before 100% Chinese brands (which represent 30% of the Chinese market) progress to such point that they will be able to place several models in the top 20.


13-19-5

 

  1. The 20 most produced cars in the NAFTA region in the 1st quarter of 2013
  2. No comeback for pick-ups in the U.S.
  3. The 20 most produced cars in Europe in the 1st quarter of 2013
  4. Vietnamese market declined by 30% between 2009 and 2012
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