Ford stops car production in Brazil
- Details
Ford stops car production in Brazil
- The US carmaker Ford has announced that it is shutting down car production in Brazil, a year after it pulled out of Russia. Fourth group in the country during a long period, but far behind FCA, VW and GM (which together represent 50% of production and sales in Brazil in 2020), Ford has started to see other groups selling more vehicles: Renault-Nissan from 2012, Hyundai-Kia from 2016 and Toyota since 2019, which is closely follow Ford.
- Brazil is today the fourth largest market of the Ford group, behind the NAFTA zone, Europe and China. However, Ford believes that the volumes sold in the country are not enough to maintain production there. This can be understood because only two small models are produced for the local market: the Ford Ka(A-segment) and EcoSport(B-segment). This decision finalise the decline of Brazil's position in Ford's overall production. In fact, in 2020, Brazil only represented 3.5% of Ford's global automobile production, compared to 8.5% in 2009.
- The American carmaker has announced that it wants to focus on the production of SUVs and pick-ups in the NAFTA zone for the North American market. In addition, and despite equivalent volumes in Brazil, production in China appears to be mandatory and therefore maintained. Europe (Ford's second production area in the world), could therefore supply the Brazilian market in the future with sedans and SUVs of small segments. Ford does have a production unit in Argentina (50,000 units in 2019) but mainly produces Ranger pick-ups there. It is not inconceivable that Argentinian production will also be stopped in favour of Thailand, a country which specializes in the production of pick-ups. For Brazil, this is the second defection of a carmaker after Mercedes.
Contact us: info@inovev.com
VW Group sales decline by 15.2% worldwide in 2020
- Details
VW Group sales decline by 15.2% worldwide in 2020
- The Volkswagen group (Volkswagen, Audi, Skoda, Seat, Porsche, Bentley, Lamborghini, Bugatti, MAN, Scania) recorded a drop in its global sales in 2020, like most carmakers, due to the coronavirus crisis. The German carmaker recorded a 15.2% drop in worldwide sales, to 9,305,400 vehicles (passenger cars + light, medium and heavy utility vehicles) against 10,975,300 units in 2019. Consequently, the Volkswagen group fell behind the Toyota group in 2020, as the Japanese carmaker has surpassed 9.5 million sales last year.
- The breakdown of Volkswagen group sales in 2020 are as follows: 5,328,000 Volkswagen (-15.1%), 1,692,800 Audi (-8.3%), 1,004,800 Skoda (-19.1%), 427 000 Seat (-25.6%), 272,200 Porsche (-3.1%), 371,700 Volkswagen Commercial Vehicles (-24.4%), 118,100 MAN (-17.3%), 72,100 Scania (- 27.5%) and 18,700 Bentley - Lamborghini - Bugatti (-3.0%).
- We observe that the Premium brands have suffered less from the crisis than the mainstream brands, even if they have recently benefited from new models which have enlarged their range, particularly in the SUV category.
- By region, the Chinese market (3,849,000 sales; -9.1%) has become again the VW group's leading market, ahead of Europe (3,616,900 sales; -20.5%), North America (785,800 sales; -17.4%) and South America (489,700 sales; -19.5%).
- Sales of the VW group's electrified vehicles reached 422,000 units in 2020, including 231,500 BEVs and 190,500 PHEVs, mostly to Western European market. The VW ID3 recorded 56,500 sales in 2020.
Contact us: info@inovev.com
Read more... VW Group sales decline by 15.2% worldwide in 2020
The Chinese market (PC + LUV) decrease by 1.8% in 2020
- Details
The Chinese market (PC + LUV) decrease by 1.8% in 2020
- The Chinese light vehicle market (passenger cars – PCs and light utility vehicles - LUVs) decrease by 1.8% in 2020, to 25,311,069 units, which is one of the best results recorded last year, while the market global automobile fell by nearly 14% according to Inovev. Only two relatively large auto markets outperformed China in 2020: South Korea and Turkey. These two countries have even seen their sales increase.
- Regarding China, it is interesting to observe that the passenger car market and the light utility vehicles did not develop in the same way in 2020. The passenger car market fell by 5.9% while the LUV market grew by 18.7%. The share of LUVs therefore increased to 20% of the market in 2020, against 17% in 2019. Overall, the Chinese automotive market consolidates its dominant position in 2020.
- The Volkswagen group remains the leader of the Chinese market, with a 14.2% market share, ahead of GM (12.1%), Honda (6.5%), Toyota (6.1%) and Geely (6%), which remains the leading Chinese local carmaker. Next come Renault-Nissan (5.2%), Changan (5%) which made a strong comeback in 2020, Great Wall (4.4%), Dongfeng (3.9%) and SAIC MG-Roewe (3,7%).
- Chinese carmakers occupied 39% of the Chinese market in 2020, a stable share compared to 2019, the remaining 61% being occupied by foreign carmakers mostly producing in Joint Ventures with Chinese assemblers (SAIC, FAW, BAIC, DFM, GAC).
- SUV sales continued to grow in the Chinese market in 2020, with 46.5% of registrations, surpassing sedan sales for the first time, with 44.5% of registrations. MPVs have fallen to 5% of the market.
Contact us: info@inovev.com
Read more... The Chinese market (PC + LUV) decrease by 1.8% in 2020
The American market (PC + LUV) fell by 14.7% in 2020
- Details
The American market (PC + LUV) fell by 14.7% in 2020
- The US market for light vehicles (passenger cars – PCs and light utility vehicles - LUVs) fell by 14.7% in 2020, to 14,537,086 units, due to the coronavirus crisis, which is an average result regarding the global market, with China doing much better and Europe much worse.
- All carmakers saw their sales decline, except Tesla whose registrations rise from 179,000 units in 2019 to 205,600 in 2020, which represents an increase of almost 15% year-on-year. Its market share increased from 1.0% in 2019 to 1.5% in 2020, but the Californian carmaker is still very far from the leaders.
- The leading carmaker in the United States remains the GM group (17.4% of the market), ahead of Toyota (14.5%) which is ahead for the first time the Ford group (14.0%), result of a sudden delete of its sedans range (Fiesta, Focus, Fusion, Taurus) last year. The FCA group remains at the fourth place (12.5%), ahead of Honda (9.2%), Hyundai-Kia (8.4%) and Renault-Nissan (6.8%) which experienced the largest fall on the US market in 2020 (-32.7%). German carmakers are behind, with Volkswagen (3.9%), Daimler (2.2%) and BMW (2.1%).
- Light trucks (SUVs + pick-ups + MPVS and vans) continued to dominate the market in 2020, now accounting for 75% of the US sales, compared to just 25% for sedans, coupes and convertibles. SUVs alone represent 51% of the US market in 2020, the remaining 24% being divided into pick-ups (20% of the market), MPVs (2%) and vans (2%). The best-selling vehicle in the United States in 2020 remains the Ford F-Series pick-up (as it has been for about 40 years) with 787,000 units registered.
Contact us: info@inovev.com
Read more... The American market (PC + LUV) fell by 14.7% in 2020
The Russian market (PC + LUV) fell by 9.2% in 2020
- Details
The Russian market (PC + LUV) fell by 9.2% in 2020
- The Russian market for light vehicles (passenger cars - PCs and light utility vehicles - LUVs) fell 9.2% in 2020, to 1,598,825 units, due to the coronavirus crisis, which is an honourable result as the world market fell by almost 14%.
- The revamp of the Russian automobile market was therefore very short, since it started to increase in 2017 but was interrupted in 2019. The Covid-19 crisis, however, had less impact than in most other countries in 2020.
- The final result for 2020 comes closer to the forecast of the Russian Dealers Association (RAD), which expected a drop of 8%. As a result, the Russian automotive market is the fourth largest on the European continent by volume, behind Germany, France and Great Britain, but ahead of Italy.
- The Renault-Nissan group remains largely the leader of the Russian market in 2020 (35.8% of market share), mainly thanks to the Lada brand (21.5% of market share) which remains the leading brand in this market. Next come the Hyundai-Kia (22.9%), Volkswagen (13.8%), Toyota (7%), BMW (2.8%) and Daimler (2.5%) groups. The other carmakers have very modest market shares. Chinese carmakers represent 3.5% of the Russian market and didn’t succeed yeet to grow in this market, contrary to their objectives. The departure of the American groups GM and Ford will end with the Chevrolet Niva, which will be stopped. For 2021, the Russian Dealers Association (RAD) forecasts a modest recovery of the Russian market, of around 2.1%, which would a volume of 1.632 million units.
Contact us: info@inovev.com
Read more... The Russian market (PC + LUV) fell by 9.2% in 2020
Inovev platforms >