German passenger car production fell by 7.3% in the first half of 2019
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German passenger car production fell by 7.3% in the first half of 2019
- German passenger car production fell by 7.3% in the first half of 2019, after having already fallen by 10.9% over the whole of 2018. These sub-standard performances are mainly related to the decline in exports of cars manufactured in Germany, due to the decline in world markets in 2018, which worsened in 2019.
- Germany is the country most affected by the decline in registrations in China, the United States and England, as it exports a lot to these three markets. The decline in exports to Russia (which is more and more focused on local production) has also had a negative impact on the volume of German automotive production.
- In the first half of 2019, this production volume was 2.57 million units compared to 2.77 million in the first half of 2018. At this rate, the production volume for the whole of 2019 could be well below 5 million units (compared to 5.03 million in 2018 and 5.65 million in 2017).
- Over the next two to three years, the global markets to which Germany exports are expected to continue to decline, notably the European countries (including Britain affected by Brexit), the United States (which is entering a downward cycle) and China (which is expected to increasingly replace imports of vehicles from higher segments with local production).
- The announced relocation of some Opel models (Astra, Grandland) is good news for Germany, although Opel removed the Adam, Corsa and Zafira from the German production program in 2019.
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Spanish passenger car production was stable in the first half of 2019
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Spanish passenger car production was stable in the first half of 2019
- Spanish passenger car production was stable in the first half of 2019, at 1.3 million units, compared with an increase of 1.2% for the full year 2018.
- Since 2015, Spanish production has stagnated at a volume of nearly 2.3 million units, which is still a peak since production began in the country in the 1950s.
- Spain is benefiting from the relocations of French (Renault, PSA) and German (Volkswagen, Ford Europe) automakers.
- Thus, the manufacture of the Renault Mégane, Captur and Kadjar, the Opel Corsa, Combo and Crossland, the Citroën C3 Aircross,
- C4 Cactus and Berlingo, the Peugeot Partner, the Volkswagen Polo and T-Cross, Audi A1, Seat Arona, Ibiza and Leon, and the Ford Kuga, Mondeo, Galaxy and S-Max, is all concentrated in Spain.
- The future seems more contrasted, because despite the upcoming arrival of the 2008 Peugeot (from Mulhouse in France) and the transfer of some of the Opel Corsa (from Eisenach in Germany), it will be necessary to take into account the transfer of the Opel Mokka from Spain to France (Poissy) and especially the announced stop of the Ford Mondeo, Galaxy and S-Max, as well as the transfer of the Ford Transit Connect from Spain to Mexico.
- But the most difficult thing will probably be to face the decline in global markets that is expected to continue over the next two or three years,
according to the scenario forecasted in various Inovev studies.
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Read more... Spanish passenger car production was stable in the first half of 2019
Italian passenger car production fell by 17.4% in the first half of 2019
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Italian passenger car production fell by 17.4% in the first half of 2019
- Italian passenger car production fell by 17.4% in the first half of 2019, after having already fallen by 4.1% over the whole of 2018. These unfavorable performances are obviously linked to the decline in world markets, but they have been amplified by the very structure of the Italian automotive industry, which owes its survival solely to the strategy of the Fiat-Chrysler group, which accounts for almost all of that country’s car production.
- Accordingly, when FCA strategy does not produce significant market results, Italy loses ground. Thus, the non-replacement of the Fiat Punto, the Alfa-Roméo Mito and the Lancia Ypsilon created a void in the manufacturer's range, which resulted in a loss of market share on the Italian market, its main market, but also on foreign markets.
- The ageing of the Fiat Panda and Fiat 500 has also amplified this phenomenon. Finally, the abandonment of various projects for the Alfa-Romeo brand and the failure of recent models such as the Giulia have also had negative consequences.
- In the first six months of 2019, Italy produced 320,000 passenger cars compared to 390,000 units in the same period of the previous year. The future does not seem likely to bring significant improvements, due to the expected further decline in global markets and an FCA Group strategy that tends to focus on North American markets. The only good news is the announced transfer of part of the Jeep Compass from Mexico to the Italian Melfi plant. These Italian-made Jeep Compasses will all be destined for the European market (75,000 sales were recorded in 2018).
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Read more... Italian passenger car production fell by 17.4% in the first half of 2019
French passenger car production increased by 0.6% in the first half of 2019
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French passenger car production increased by 0.6% in the first half of 2019
- French passenger car production increased by 0.6% in the first half of 2019 compared to the first half of 2018, whereas it had fallen by 2.9% over the whole of 2018 (compared to 2017). This latter performance is mainly due to the decline in world markets, as France exports a large part of its production abroad (nearly 70% of its production).
- In the first six months of 2019, France produced 904,000 passenger cars, compared with 899,000 units in the first six months of 2018. At this rate, France could produce 1.65 million passenger cars over the whole of 2019 (slightly higher than in 2018), and 2.2 million vehicles of all types (passenger cars + LCVs). It should be noted that France is the largest European producer of commercial vehicles, ahead of Spain, Germany and even Turkey.
- The future seems more difficult, as French automakers have decided to continue to transfer their models in the East of Europe and in the North Africa. Thus, the Opel Grandland has just been transferred from France to Germany, the Peugeot 2008 will be transferred from France to Spain, the small part of the Renault Clio that was still produced in France will be relocated to Slovenia, the small part of the Peugeot 208 that was still produced in France will be relocated to Morocco, and the Smart For two will be transferred from France to China. To partially compensate for these departures, France is scheduled to welcome the production of the future Opel Mokka, Nissan NV250, Mercedes EQA, an SUV version of the Yaris, and several new DS variants.
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Read more... French passenger car production increased by 0.6% in the first half of 2019
Korean passenger car production increased by 1.3% in the first half of 2019
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Korean passenger car production increased by 1.3% in the first half of 2019
- Korean passenger car production increased by 1.3% in the first half of 2019, while it had fallen by 2.0% over the full year 2018. This slight trend reversal is mainly due to the success of new models that have broadened the range of Korean manufacturers, such as the Hyundai Kona and Kia Stonic.
- In the first six months of 2019, South Korea produced 1.85 million passenger cars, compared to 1.82 million units in the same period of the previous year.
- This slight rebound in Korean production follows three years of decline, which was due both to a decline in production volume for the Hyundai-Kia group, which suffered from increased international competition, and to a decline in production volume for GM Korea (formerly Daewoo), which suffered from the halt in sales of the Chevrolet brand on the European continent. The situation is going to get worse for the GM group's subsidiary because production of the Opel Karl and Mokka models is scheduled to stop in the coming months.
- Since 2015, Korean production has fallen below 4 million units per year (3.65 million in 2018) and with the decline in world markets, the development of Hyundai-Kia group transplants outside Korea and the continued decline of GM Korea, it is likely that this volume will never be reached again, especially since the Renault-Samsung brand is also facing major difficulties, which we have mentioned in previous analyses.
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Read more... Korean passenger car production increased by 1.3% in the first half of 2019
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