Chinese market slows its growth in October

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Chinese market slows its growth in October
- The Chinese passenger car market stood at around 1.3 million units in October, up from 6% (compared to same month in 2011). Its growth  slows down  over months. Sedan sales represented 905,000 units (5%), while those relating to recreational vehicles represented 165,000 (+12%).

- The models best sold last month were the Volkswagen Lavida (30,600 units), Volkswagen Passat (27,400 units) and Buick Excelle (23,400 units).

  - The top-selling brands in the Chinese market in October are Volkswagen (182 400), Hyundai (63,900) and Chevrolet (58 900). The first Chinese brand, Chery, occupies the sixth position.
No Japanese brand  lies now any more within the top ten brands sold  in China, due to the diplomatic dispute between China and Japan.

 


46-2

Indian market: pursuing a Trend of + 3%

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Indian market: pursuing a Trend of + 3%
- Over the seven last months of the fiscal year closed at the end of October, passenger car sales rose by 3% and commercial vehicles
  jumped by 60% (compared to the same period of 2011).
- It is however to be noted that the passenger car sales in October 2012 (172 459 units) are much higher than those of October 2011
  (difference + 23%). Indeed, as shown in the graphs below, the month of October 2011 saw a sharp drop-off registrations because of the
  cessation of production at Maruti (due to strikes).
- Commercial vehicles rose 7.6% (October 2012 compared to October 2011), 66,722 units, says SIAM (manufacturers Association).
- The SIAM added that exports of vehicles over the seven last months of the fiscal year closed at the end of October fell by nearly 5%, due
   to the slowdown in some export markets including Europe.

 


46-3

GM is making a profit in North America but losses in Europe

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GM is making a profit in North America but losses in Europe
- General-Motors has achieved  a net profitof $ 1.5 billion in the third quarter of 2012 ,down 12% due to poor results in Europe. Its
  revenue rose by 2.4% to $ 37.6 billion.
- For the European branch Opel / Vauxhall, the Group plans a loss of 1.5 to 1.8 billion this year.
   This situation makes the position of this division more sensitive, and gives more depth to a project of alliance with PSA.
- General Motors said that a total of 2,300 jobs were lost in its European division since early 2012, mostly through retirements or
    transactions, and another 300 were expected to be lost  in addition by the end of year. 
    In 2013, further job cuts could occur depending on the market demand. General-Motors also said that it expects to face in Europe an a
    very difficult environment in the last quarter of the year.

 

45-11


Week 2012-44 Keynote article: Overcapacity in China

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Week 2012-44 Keynote article: Overcapacity in China

44-1- With a utilization rate of auto plants among the lowest in the world and an expected slowdown in the growth of the automotive market, China will also be affected by the problems of overcapacity in the coming years,.
-The 2008 crisis highlighted the problem of production overcapacity in North America and Europe. If it has been settled in the United States by large restructurings, it is in the heart of the problem of profitability of several European manufacturers.
- And the crisis of overcapacity is expected to reach China. With 19 million vehicles produced today, Chinese factories have overcapacity estimated at 6 million vehicles. Given the new plants locations in a market, whose growth is bound to slow, overcapacities could reach 9 million vehicles in 2016.

European market: still on a decreasing trend

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European market: still on a decreasing trend

-European market relating to 27 countries fell by 5.1% in October down to 994,582 units.

  Same market recorded a 7.1 % decrease over the last 10 months (cumulative data), down to 10 699 143 units.

-The western part (ex-Europe 17 countries) fell by 5.4% in October to 928,585 units, marking a lighter decrease than over the previous

  three months. Same market recorded a 7.4 % decrease for the last aggregated 10 months, down to 10,054,509 units.

  Regarding the eastern part (ex-Eastern Europe), one can observe that the market  remained quasi-stable in October (-0.1% compared to October 2011) to 65,997 units. Over the last ten months, the eastern part decreases only by 2.8% down to 644,634 units.

-Poor performances are to be noted for most carmakers over last 10 months (cumulative data):

  Toyota Group (-0.5%), Daimler (-1.9%), BMW Group (-2.0%), VW Group (-2.2%), Geely Group (-9.9%), Ford Group (-12.1%), PSA (-12.4%),

  GM Group(-12.8%), Renault-Nissan (-14.6%) and Fiat-Chrysler Group (-16.0%).

  Only two manufacturers manage a breakthrough: Hyundai-Kia Group (+12.9%) and Tata Group (+29.7%).

 


46-1

  1. Chrysler makes profits but Fiat losses
  2. Overview of the three manufacturers GM, Ford, Chrysler-Fiat
  3. Renault will produce all its utility vehicles in France from 2013
  4. Land Rover plans to produce 600,000 vehicles a year by 2020
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