The Renault group sold 2.24 million vehicles in 2023
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The Renault group sold 2.24 million vehicles in 2023
- The Renault group sold 2,235,345 vehicles worldwide in 2023 (+9% compared to 2022), after four consecutive years of decline. This sales volume is broken down into 1,548,748 Renault brand vehicles (+9.4% compared to 2022) and 658,321 Dacia brand vehicles (+14.7% compared to 2022). The carmaker adds to these volumes 21,980 Renault Korea (-57%), 4,328 Alpine (+22%) and 1,968 Eveasy (-72%) which is a JV with the Chinese Jiangyin (JV Jinbei-Huasong) which is highly threatened.
- Since 2022, the Lada brand is no longer owned by Renault and production in Iran has been stopped. As a result, the Renault group has (re)become a medium-sized carmaker, more modest than the BYD, Suzuki, Mercedes or BMW groups. After four consecutive years of decline (from 2019 to 2022), the Renault group's global sales return to growth in 2023, but compared to the 3,884,295 vehicles sold in 2018, the drop in volumes still reaches 42.4% compared to this year.
- Of the 1,548,748 vehicles sold by the Renault brand in 2023, 75% were passenger cars (1,156,895 units) up 6.3% compared to 2022 and 25% were light utility vehicles (391,853 units) up 19.9% compared to 2022.
- Sales of battery electric vehicles (BEV) reached 146,500 units (6.5% of the total) including 84,700 Renaults and 61,800 Dacias.
- Europe (EU + UK + EFTA) represents 69% of the Renault group's sales in 2023 (sales up 19.3%), with France as the leading country (25% of global sales) followed by Italy, Turkey, Germany and Spain. In order to progress globally, Renault plans to launch eight new models in 2024 and 2025, including the 100% electric R4 and R5 which should succeed the Renault Zoé. For its part, Dacia will launch next year the Duster III and Bigster, both with thermal and hybrid engines, and the 100% electric Spring II which will be relocated to Europe and no longer manufactured in China.
The Volkswagen group sold 9.24 million vehicles in 2023
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The Volkswagen group sold 9.24 million vehicles in 2023
- The Volkswagen group (Volkswagen, Audi, Skoda, Seat, Cupra, Porsche, Bentley, Lamborghini) sold 9.24 million vehicles worldwide in 2023, representing an increase of 11.3% compared to 2022. The share of battery electric vehicles (BEV) in its deliveries did not exceed 8.3% (771,000 units), which says a lot about the road ahead if the carmaker wants to become 100% electric in 2030 or even 2035. Compared to 2022, however, BEV sales increased by 34.7%.
- It is above all the rebound in the European market (3,775,000 sales, +19.7%) and the US market (993,000 sales, +17.9%) which has enabled the Volkswagen group to have a good momentum, while in China, its sales remained stable (3,236,000 sales, +1.6%) in a market at +10.6%. South America, for its part, represented 518,000 sales (+9.4%).
- The Volkswagen group sold 472,000 BEVs in Europe last year, but only 192,000 in China, the most electrified market in the world. In this market, the German carmaker is well behind BYD and Tesla.
- By brand, Volkswagen sold 4.87 million vehicles worldwide in 2023 (+6.7%) including 394,000 BEVs, Audi sold 1.9 million (+17.4%) including 178,000 BEVs. Skoda sold 867,000 vehicles (+18.5%) including 82,000 BEVs and Seat-Cupra 519,000 (+34.6%) including 45,000 BEVs, a strong increase thanks to the new Cupra brand. Porsche, for its part, delivered 320,000 vehicles (+3.3%), which constitutes a new record for the brand, while the luxury brands Bentley and Lamborghini did not exceed 23,700 sales, down 3%. Globally, the Volkswagen group remains in second place behind the Toyota group and ahead of Hyundai-Kia.
Japanese market grows by 15.8% in 2023 compared to 2022
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Japanese market grows by 15.8% in 2023 compared to 2022
- The Japanese passenger cars market experienced a recovery in 2023, of around 15.8% compared to 2022, with a volume of 3,992,728 units compared to 3,448,298 in 2022, 3,675,698 in 2021 and 3,809,981 in 2020. In Japan too, the recovery of missed sales from the 2020-2022 period was only partial, as nearly 2 million units lost were only compensated by a growth of 500,000 units, in 2023, meaning a quarter of what would have been needed.
- However, the Japanese automobile market came very close to the 4 million unit mark last year, while remaining below the volumes reached between 2012 and 2019, which were between 4.2 million and 4.7 million units. The year 2022 seems to have reach the bottom with a volume of nearly 3.5 million units equivalent to the 2011 year, when Japan was hit by a tsunami causing major damage. The year 2024 should show a small increase in sales compared to 2023.
- By carmaker, the Toyota group (Toyota, Lexus, Daihatsu) still represents almost half of new cars sold in Japan (48% in 2023), far ahead of Honda (14%), Suzuki (13%), Nissan (10%) and Mazda (4%). If Suzuki is well ahead of Nissan (former number 2 in the last quarter of the 20th century), it is due to its small cars which represent half of the Kei Cars sold in Japan. And today, this market segment represents a third of the Japanese market, explaining the position of Suzuki (and its competitor Daihatsu, owned by Toyota) in this market. Imports have represented 6% of the Japanese market for around twenty years, and we will still be in this share in 2023.
Global market grew by 12.9% in 2023 compared to 2022
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Global market grew by 12.9% in 2023 compared to 2022
- According to Inovev, the global automobile market increased by 12.9% in 2023 compared to 2022. This revival of the global market last year is, however, a modest catch-up from the period 2020-2022 which had seen sales of new vehicles collapse, for several successive and additional reasons, such as the COVID crisis (2020), the semiconductor crisis (2021 and 2022) and the supply chain crisis (2022). These three years resulted in the loss of between 30 million and 40 million vehicles in total, but the catch-up in 2023 only offset a small part of this volume, i.e. 10 million vehicles, returning to a level reached in 2019 but which was already lower than those of the years 2016-2017-2018. The volume of new vehicle registrations barely exceeds 82 million units in 2023, compared to 84 million in 2016, 86 million in 2017 and 86 million in 2018.
- The most dynamic countries in 2023 were Turkey (+56.0% due to anticipations of purchases before an increase in tariffs and taxes in 2024), Russia (+36.3% after a collapse of 58 .8% in 2022) and Mexico (+25.4%) but their relatively low overall volume has not really influenced global growth.
- It is mainly China (+12%), the United States (+12.1%) and Europe 29 countries (+13.7%) which – due to their large volume – have influenced the global growth, with these three regions representing 70% of global passenger cars and light commercial vehicles sales.
- According to Inovev, the recovery of the global automobile market is expected to continue in 2024, with a volume of approximately 84 million units.
Russian market grows by 36.3% in 2023 compared to 2022
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Russian market grows by 36.3% in 2023 compared to 2022
- The Russian passenger cars market experienced a small recovery in 2023, after the collapse observed in 2022 mainly due to Russia's involvement in the war in Ukraine and Western countries economic sanctions which resulted in the shutdown production, sales and imports of European, Japanese and Korean cars.
- From 687,370 new passenger cars registered in 2022, the market recorded 937,081 sales in 2023, representing an increase of 36.3%. However, the war in Ukraine is not over and economic sanctions against Russia continue. We are still very far from the figures recorded in previous years, such as 1,666,780 units in 2021 or 1,759,532 in 2019. And even further from the 2012 record with almost 3 million units.
- With the departure of European, Japanese and Korean brands, the Russian market is completely changing its physiognomy. Indeed, if Avtovaz (Lada), which becomes independent again in 2022, returns to its traditional level (with nearly 40% market share), Chinese automobile brands have gradually taken the place of European, Japanese and Korean brands. In 2023, they represented 49% of the Russian market, compared to 18% in 2022 and 7% in 2021. Nearly 460,000 Chinese cars were registered in Russia in 2023. This massive arrival of Chinese cars in Russia made it possible to restock and to restart the market, and to partially “catch up” the missed sales in 2022. It is mainly the Chery brands (45% of Chinese car sales), Great Wall (30%) and Geely (20%) which currently represent almost all sales of Chinese cars in Russia.
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