The Russian market is down by only 2% in 2021 compared to 2019
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The Russian market is down by only 2% in 2021 compared to 2019
- The Russian auto market grew 9.3% year-to-date in the first 10 months of 2021, compared to the first 10 months of 2020, to 1,392,929 passenger cars and light utility vehicles, but was down 2.1% from in the first 10 months of 2019.
- The Lada brand remains the leader of the Russian market, with 294,422 sales (21% market share), ahead of Kia (175,756 sales) and Hyundai (148,153 sales). Renault is in fourth position (107,666 sales), largely with models inherited from the European Dacia range (Duster, Logan, Sandero). The French brand is ahead of Volkswagen (81,466 sales), Toyota (79,966 sales) and Skoda (78,237 sales). These seven brands represent 69% of the Russian market in the first 10 months of 2021.
- By groups, Renault-Nissan remains the leader of the Russian market with the Lada, Renault, Nissan and Mitsubishi brands, totalling 466,336 sales over 10 months 2021. It is well ahead of the Hyundai-Kia (323,909 units) and Volkswagen groups (179,666 units). These three carmakers alone achieve 70% of sales on the Russian market over 10 months 2021.
- The best-selling models in the first 9 months of 2021 are the Lada Granta (90,986 units) and Vesta (82,860 units), followed by the Kia Rio (63,220 units), Hyundai Creta (53,399 units), Hyundai Solaris ( 48,840 units), Volkswagen Polo (39,689 units) and Lada Niva (39,631 units). These seven models alone represent 30% of the Russian market in 2021.
- It is to be noted that exports are rising sharply (+39% compared to the first 8 months of 2020). The top exporting countries are Belarus (40% of exports) and Kazakhstan (35% of exports). Imports are also rising sharply (+79% compared to the first 8 months of 2020). The top importing countries are Japan (24% of imports), China (18%) and Germany (14%).
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Volvo wants to build a new plant in Europe
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Volvo wants to build a new plant in Europe
- In order to meet the objective of being a full electric car producer in 2030, Volvo has opted for the construction of a new assembly plant in Europe. The Swedish carmaker Volvo (a subsidiary of the Chinese group Geely) has decided to increase its production capacity to 1.2 million vehicles per year, against 900,000 units today.
- Certainly, Volvo's sales have never reached this figure of 900,000 units per year, as they did not exceed 662,000 units in 2020 against 705,000 in 2019 and 642,000 in 2018. In 2021, Volvo will produce 700,000 cars, returning to the level of 2019. But the Swedish carmaker believes that the expansion of its range will certainly increase its sales, reaching and even exceeding one million vehicles per year (Mercedes and BMW each producing between 2.2 million and 2.3 million vehicles per year).
- Volvo now has two plants in Europe, one located in Sweden (Gothenburg) and the other in Belgium (Ghent), with a total capacity of 550,000 vehicles per year (300,000 for Ghent and 250,000 for Gothenburg). Outside of Europe, Volvo has two plants in China (Daqing and Luqiao) which have not yet reached saturation (162,000 cars produced in 2021 out of 300,000 capacities) and a factory in the USA (Ridgeville) which is far from being saturated (26,000 cars produced in 2021 out of 50,000 capacities).
- Volvo's bet is therefore risky especially at a time when the demand for vehicles in Europe is likely not only to stabilize over the next few years, and even to contract due to the price to acquire a car, especially a battery electric vehicle, and more generally, due to the politic to restrain automobiles in big European cities.
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Inovev forecasts 40,000 units per year of the new Range Rover
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Inovev forecasts 40,000 units per year of the new Range Rover
- The British carmaker Land Rover, owned by the Indian group Tata Motors, has just unveiled the fifth generation of its flagship, the Range Rover, whose origins date back to 1970, when the brand was part of the British Leyland group. The Range Rover is still the top-of-the-range model of the brand, although it has split since 2005 with a Sport version (Range Sport) and a coupe version since 2017 (Range Velar).
- The Range Rover had a good period between 2012 and 2015, going from 30,000 sales to 60,000 per year, before seeing its sales decline between 2015 and 2021, from 60,000 sales to 35,000 per year.
- The new model will try to reconnect with the boom years. Much of the inspiration for Range Rover is the sleek, clean design of the Range Velar. Its dimensions increase to 5.05 m (and even 5.25 m for the long version), which makes it a privileged competitor of the Mercedes GLE/GLS, BMW X5/X7, Audi Q7/Q8 and Volvo XC90.
- The selected engines are as follows: two 3.0-liter inline six-cylinder diesel, with a power of 250 and 350 horsepower, and a 4.4-liter petrol V8 of 530 horsepower from BMW. The Range Rover will subsequently be available in two plug-in hybrid versions, as well as a battery electric version in 2024.
- The new Range Rover will be produced at the historic Solihull site from early 2022. Inovev forecasts 40,000 units per year. The new Range Rover Sport is expected to be unveiled in summer 2022.
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Inovev forecasts 5,000 units per year of the new Mercedes SL roadster
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Inovev forecasts 5,000 units per year of the new Mercedes SL roadster
- Heritor to a long line of roadsters, the first of which dates back to 1955, the eighth generation Mercedes SL was unveiled by the German carmaker a few weeks ago. The legendary two-seater model returns to its fundamentals, abandoning the concept of a coupé-cabriolet with a hard roof-top to adopt the canvas top as before.
- The Mercedes SL roadster had declined a lot in recent years, due to the development of Mercedes supercars such as the SLR, SLS then AMG GT. Production of the SL roadster had gradually decreased from 14,000 sales in 2012 to 6,000 in 2016, then 3,000 in 2019 and 1,500 in 2021.
- Rather than permanently abolishing this prestigious line, as Mercedes did for the S-Class coupés and convertibles, the Stuttgart brand preferred to launch what will be the last model of this family in this configuration, since in 2035 the European Commission wants to stop the sale of thermal engine models and the new SL is only available in thermal version.
- The new Mercedes SL is 4.71 m long, 8 cm longer than the old one, weighs almost 2 tonnes (1,970 kg) with the 4.0 V8 engine developing 585 hp, an engine from the AMG GT R. The SL roadster replaces not only the old SL but also the AMG GT roadster, a new coupe version of which will be launched in 2023.
- The new Mercedes SL will be produced in Sindelfingen alongside the E-Class E, EQE, S-Class S and EQS, at the rate of 5,000 units per year according to Inovev.
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Inovev forecasts 50,000 units per year of the new Toyota BZ4X
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Inovev forecasts 50,000 units per year of the new Toyota BZ4X
- Toyota confirms the launch of its first mass-produced battery electric vehicle, the BZ4X, which is in a way a redesigned RAV4 with electric drive. This model will be marketed from December 2021.
- The Japanese carmaker, pioneer in the hybrid technology (gasoline + electric motorisations), has being late to enter the battery electric vehicle (BEVs) market, by today its BZ (for “Beyond Zero” product line, dedicated to BEVs models, is expected to strongly develop in the next four years.
- Toyota has in fact planned to launch 7 battery electric models by 2025, for which the commercial names have already been communicated: BZ1, BZ2, BZ3, BZ4, BZ5 as well as BZ2X and BZ4X which may be equipped with all-wheel drive (developed with Subaru).
- All these models will be based on the battery electric e-TNGA platform. They will be produced in both China and Japan from where they will be exported to Europe and the United States in particular.
- The front-wheel drive Toyota BZ4X has a 204 hp electric motor, while the four-wheel drive version has a 217 hp electric motor. The battery offers a capacity of 71.5 kWh allowing a range of between 460 km (four-wheel drive version) and 500 km (traction version).
- Sales targets are unknown, but Inovev forecasts 25,000 sales per year at the start of their career and then 50,000 sales per year in the middle of their career.
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