The American market (PC + LUV) fell by 14.7% in 2020
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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.
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The Chinese market (PC + LUV) decrease by 1.8% in 2020
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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.
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Germany: 2021 market and production forecasts
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Germany: 2021 market and production forecasts
- The German light vehicles market - Passenger Cars (PC) + Light Utility Vehicles (LUV) - reached 3,185,399 units in 2020, down 18.6% compared to 2019, which is a reasonable performance as most European countries recorded figures much lower, the European average being around 23.5%.
- For passenger cars (PCs), with 2,917,678 units sold, the German market returned in 2020 to the 2010 level, a year following the financial crisis of 2008-2009. At this time, the volume of registrations had not exceeded 2,916,000 units.
- Again in the passenger car market in 2020, the Volkswagen group remains largely the leader with 1,061,627 units (36.4% market share), far ahead of the Daimler (319,236 units; 10.9%) and BMW groups (285,120 units; 9.8%). Next are the Renault-Nissan groups (255,772 units; 8.8%) and PSA (253,343 units; 8.7%) almost tied.
- 2021 should be a year of transition in Europe, with a slow and gradual exit from the situation known in 2020. This will a priori induce a moderate recovery in sales. The German market for light vehicles could therefore represent 3,464,549 units, up 9% compared to 2020.
- For the production forecast in 2021, Germany would grow from 3.68 million light vehicles in 2020 to 4.38 million in 2021, which represents an increase of 19% in one year. This increase is mainly explained by the increase in Europe and global markets and therefore exports. The production lines located in Germany will also see the arrival of new models, such as the Opel Astra, the DS 4 or the Volkswagen ID5. However, the overall production volume will be far from reaching in 2021 the volume of 2019 and previous years.
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The Russian market (PC + LUV) fell by 9.2% in 2020
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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.
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France: 2021 market and production forecasts
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France: 2021 market and production forecasts
- The French light vehicles market - Passenger Cars (PC) + Light Utility Vehicles (LUV) - reached 2,052,501 units in 2020, down 23.8% compared to 2019, a performance in line with the European average, which is situated at around 23.5%.
- For passenger cars, with 1,650,000 units in 2020, the French market returns to the 1975 level, the year following the first oil shock. At this time, the volume of registrations had not exceeded 1,500,000 units.
- Again, in the passenger car market in 2020, the PSA group remains the leader with 530,634 units (32.2% market share) ahead of the Renault-Nissan group (450,534 units; 27.3%). Next are the Volkswagen groups (204,813 units; 12.4%), Toyota (95,640 units; 5.8%), Hyundai-Kia (73,640 units; 4.5%), BMW (67,399 units; 4.1 %), Ford (55,222 units; 3.4%), and Daimler (54,265 units; 3.3%).
- 2021 should be a year of transition in Europe, with a slow and gradual exit from the situation known in 2020. This will a priori induce a moderate recovery in sales. Thus the French market for light vehicles could represent 2,211,085 units, an increase of 8% compared to 2020.
- For production forecasts in 2021, France would increase from 1.32 million light vehicles in 2020 to 1.75 million in 2021, which represents an increase of 32.6% in one year but after a fall of more than 40 % in 2020, partly due to relocations (Peugeot 2008, Peugeot 208, Renault Clio, Opel Grandland). In 2021, new models will arrive on French production lines, such as the Opel Mokka or the new generations of the Peugeot 308, Renault Kangoo or Mercedes T Class (ex-Citan).
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