Dongfeng Motor sold 3.09 million of passenger cars and utility vehicles in 2012
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- Dongfeng Motor is a Chinese automotive group which owns its own brand (Dongfeng), but has also JV (Joint Venture) branches with Japanese carmakers (Nissan and Honda), French carmakers (Peugeot and Citroën) and Korean carmakers (Kia ). The vehicles produced by the JV may be counted by analysts as Dongfeng Motor vehicles or as Renault-Nissan, Honda, PSA and Hyundai-Kia vehicles. It is important to not count these vehicles twice.
- Dongfeng Motor sold 3.09 million of passenger cars and utility vehicles in 2012, missing its sales target set at 3.3 million of units.
- Exports of the group have also increased by 32.3% last year, to 85,000 units.
- In 2013, Dongfeng Motor has the objective to sell 3.32 million of passenger cars and utility vehicles (+ 8%). The group also set he objective to export 300,000 passenger cars and utility vehicles per year in 2016.
- The objective of PSA group (brands Peugeot and Citroen) is to sell 500,000 passenger cars and utility vehicles in 2013 and 750,000 from 2015 in China .
Read more... Dongfeng Motor sold 3.09 million of passenger cars and utility vehicles in 2012
Nissan is now a growth force within Renault-Nissan
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Read more... Nissan is now a growth force within Renault-Nissan
Worldwide production shifts on towards East
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European production decreased by 6.8% in 2012 compared to 2011
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- Production in Europe (27 countries Europe + Turkey) fell by 6.8% in 2012 compared to 2011 (-6.5% for Passenger Cars), after a 5.4% increase in 2011 (compared to 2010) and 12.2% increase in 2010 (compared to 2009).
- It is to be noted that good production levels were reached in 2010 and 2011 thanks to a compensation mechanism (set-up of bonus systems and increased exports which have offset the poor years 2008 and 2009 levels). Production in Europe dropped indeed by 22 8% for the cumul of the two years 2008 and 2009 (6% in 2008 and 17.8% in 2009).
- European production peaked in 2007 at more than 20 million vehicles.
- By country: Germany, favoured by a large domestic market (about 3 million Passenger Cars annually) and a large volume of exports (around 4 million annually Passenger cars), dominates the European production (with one third of European production). France arrives in second position. It overpassed again Spain in 2012. Great-Britain gradually catches up with European leader countries.
Read more... European production decreased by 6.8% in 2012 compared to 2011
Slower growth of Russian market in 2012
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- The Russian market grew by 10.6% in 2012 (compared to 2011), to 2,935,111 units (Passenger Cars + Light Utility Vehicles), which marks a sharp slowdown from the previous year (+38.9% in 2011 compared to 2010).
- The most worrying fact is that the increase in sales in November and December is almost zero, foreshadowing a possible trend reversal in 2013, although it is still quite unlikely. The most credible hypothesis is a quasi-stable Russian market in 2013.
The market does not seem to prompt a new wave of growth in the immediate future. The numerous carmakers’ investments (Volkswagen’s, Ford’s and Avtovaz’ in particular) in the country could even cause problems with overcapacity.
- Manufacturers have indeed invested heavily in recent years, installing new capacities in the country, attracted by this new Eldorado, which promised to surpass the German market in a few years.
- As for carmakers, the Russian market in 2012 was dominated by Lada (18.3%), followed by Chevrolet (7.0%), Renault (6.5%), Kia (6.4%), VW (6 2%), Hyundai (6.0%), Toyota (5.8%) and Nissan (5.6%). The Renault-Nissan group (including AutoVAZ) is by far the Russian market leader with a market share of 30.4% in 2012.
