Volkswagen will market an ID7 in 2023
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Volkswagen will market an ID7 in 2023
- After the launch of the ID3 and ID4 battery electric cars and after the announcement of the future ID2, ID5 and ID6, the carmaker Volkswagen plans to launch an ID7 which will be positioned in the same segment as the Volkswagen Passat (D-segment sedan). This new model is scheduled to be marketed in the fall of 2023. As for the Renault Mégane e-Tech, the battery electric Volkswagen ID7 will coexist for a few years with the thermal engine Volkswagen Passat.
- Remember that the ID3 is a C-segment sedan (in parallel to the thermal range of Golfs), the ID4 a C-segment SUV (parallel to the thermal range of T-Roc and Tiguan), the future ID2 will be a B-segment sedan (parallel to the thermal range of Polo), the ID6 is a long wheel base version of the ID4 SUV marketed first in China (parallel to the thermal range of the Tiguan Allspace) and the ID5 will be a coupe SUV quite close to the ID4 which has just been presented and which will be scheduled for 2022.
- The Volkswagen ID7 will be based on the MEB platform shared by all of the brand's battery electric models, but unlike the ID3 and ID4 already in production, the electric motor is located at the front of the car and not at the rear. This will also be the case for the future Volkswagen ID2 which will have an electric motor at the front, unlike the Renault Twingo ZE and Smart EQ Forfour which have their motor at the rear.
- The Volkswagen ID7, which will not be a three volumes car, but a hatchback, will be a direct competitor of the Tesla Model 3. With a price of 50,000 euros, the ID7 will be positioned in terms of price above the ID3 (35,000 to 44,000 euros) and ID4 (41,000 to 53,000 euros). A Tesla Model 3 is marketed in a price range of 44,000 to 60,000 euros.
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China accounts for 31% of the global production in 2021
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China accounts for 31% of the global production in 2021
- The volume of global production of light vehicles (passenger cars - PCs and light utility vehicles - LUVs) increased by 16.8% in the first eight months of 2021, to 51 million vehicles, compared to 44 million in 2020, but down 7,2% in 2019 (to 55 million units).
- Europe produced 9.34 million light vehicles over this period, compared to 8.18 million in the corresponding period of 2020, which represents a 14.2% year-over-year increase. It should be noted that Eastern Europe (the latest entrants to the European Union) saw its production increase by 15.6% while Western Europe grew by only 13.8%.
- Both Americas (North and South) produced 10.69 million light vehicles over the same period, compared to 9.40 million in the corresponding period of 2020, representing a 13.7% year-over-year increase. It is to be noted that North America produced 9.08 million vehicles against 8.23 million (+10.3%) and South America 1.61 million against 1.19 million (+34.7%).
- Asia produced 30.08 million vehicles in the same period, compared to 25.49 million in the corresponding period of 2020, representing an 18% increase year-over-year.
- Overall, automobile production remains down compared to 2019, -23% for Europe, -21.3% for the two Americas and -5% for Asia. The smaller decline recorded by the Asian region increases the dominance of this continent in the global automobile production, as it represents 58% of the production over the first eight months of 2021 against 57% over the first eight months of 2020. China alone accounts for 31% of the global production.
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A Chinese newcomer to the European continent
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A Chinese newcomer to the European continent
- The Maxus brand was created in 2011 by the Chinese group SAIC (already owner of Roewe and MG brands) based on the former British brand LDV (Leyland DAF Vehicles) which was formerly integrated into the conglomerate British Leyland, in the same way as Rover or MG.
- Maxus was once - like the LDV brand - dedicated to light commercial vehicles, but for a few years now, this brand produces and sells MPVs, such as the G10 launched in 2014 or the G50 launched in 2019. After having entered the markets of countries close to China, like Malaysia, the Philippines, Thailand, Australia, and Singapore, then farther from China like Chile, Saudi Arabia, Iran, the United Arab Emirates, and Syria, the carmaker based in Shanghai is taking advantage of the development of electric vehicles in Europe to market, like other Chinese brands, a battery electric vehicle in this region. This is the Euniq 5, a model launched in 2019 in China, and an electric version of the G50.
- The Maxus Euniq 5 (not to be confused with the Hyundai Ioniq 5) is a MPV of 4.83 m long by 1.83 m wide and 1.78 m high, i.e. dimensions close to a Volkswagen Sharan, a Seat Alhambra or a Ford Galaxy. It is surprising that Maxus is entering the MPV market when all European carmakers left. Maxus sales in Europe reached 2,502 units over the first eight months of 2021, including 535 Euniq 5 minivans sold mainly in Scandinavian countries and 1,967 light utility vehicles sold mainly in Great Britain.
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Toyota is the biggest carmaker in the world in the first 8 months of 2021
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Toyota is the biggest carmaker in the world in the first 8 months of 2021
- The global production of light vehicles (Passenger cars – PCs & light utility vehicles - LUVs) increased by 16.8% in the first eight months of 2021, to 51 million vehicles, compared to 44 million in 2020.
- By carmaker, the Toyota group (+28.3% compared to 8 months 2020) keeps its first place over the period, a place it had taken over Volkswagen last year, the Japanese having suffered less from the coronavirus crisis than its German competitor in 2020. The Toyota group has a total of 6.85 million light vehicles produced (PCs & LUVs) over the first 8 months of 2021, according to our estimates.The Volkswagen group (+7.8%) remains in second position, as in 2020, with a volume of 5.54 million vehicles produced over the period (including 200,000 battery electric vehicles - BEVs).
- The Renault-Nissan group (+16.3%) remains in third position, with a volume of 4.79 million vehicles produced over the period (including 120,000 BEVs). The Stellantis group (+16.8%) is in fourth position, with a volume of 4.46 million vehicles produced over the period (including 100,000 BEVs).
- The Hyundai-Kia group (+17.7%) remains in fifth position, with a volume of 4.32 million vehicles produced over the period (including 120,000 BEVs). Next are the groups GM (3.42 million units; -0.2%), Honda (2.67 million; +3.7%) and Ford (2.40 million; +2.6%) which produced for their part very few electric cars over the period, like Toyota. Behind, Suzuki (1.91 million; +35%) overpassed BMW (1.65 million; +20%) and Mercedes (1.59 million; +6.7%).
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Global sales of light vehicles fall 7.4% in 2021 compared to 2019
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Global sales of light vehicles fall 7.4% in 2021 compared to 2019
- Global registrations of light vehicles (passenger cars – PCs and light utility vehicles - LUVs) over the first eight months of 2021 show an increase of 16.8% compared to the first eight months of 2020 (year affected by the coronavirus crisis) but a decrease of 7,4% compared to the first eight months of 2019. The volume reached 50 million vehicles, against 43 million in 2020 and 54 million in 2019.
- The gap between 2021 and 2019 has therefore not yet been closed and it is unlikely that it will be the case before the end of the year. It is to remind that the 2019 year had already been itself down compared to 2018, and the year 2018 had also been down compared to 2017.
- Regarding passenger cars sales, they increased by 16.4% over the first eight months of 2021 compared to the first eight months of 2020, and decreased by 9.8% compared to the first eight months of 2019.
- Regarding LUVs sales, they increased by 18.5% over the first eight months of 2021 compared to the first eight months of 2020, and increased by 2.6% compared to the first eight months of 2019.
- What is quite striking when we look at the monthly sales curve for 2021 is a drop in sales from May compared to monthly sales for 2019, which is amplified until the month of August. It is seems that the chips shortage is partly responsible for this dropout but it is also perhaps a decrease in demand in developed markets which would be linked both to the uncertain economic environment but also to the policy of reducing car emissions, which would push potential customers to postpone the purchase of new vehicles and to keep their current vehicles longer.
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Read more... Global sales of light vehicles fall 7.4% in 2021 compared to 2019
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