The European Union remains the world's largest exporter of vehicles
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The European Union remains the world's largest exporter of vehicles
- According to ACEA, the European Union exported 5.5 million cars in 2022. Despite strong growth in exports from China (see below), the European Union remains significantly, the world's largest exporter of motor vehicles. However, it is possible to wonder if this is not an optical illusion due to a Brexit effect (as now vehicles sent to UK are considered as exports). In fact it is nothing. Indeed, of the 5.5 million exported by the European Union, just over 1 million are destined to the United Kingdom, which is no longer part of the European Union. If we subtract them, exports from the European Union remains, at around 4 million units, far ahead of China and Japan. Another analysis consists in considering Europe in the broader sense, taking into account the former perimeter of the European Union (current EU + United Kingdom). In this case, the entity also remains the world's largest exporter, with 4.65 million cars exported in 2022 (= UE exports + UK exports outside EU).
- China's car exports, which were stable between 2010 and 2020, jumped from 2021, partly due to the desire of several Chinese carmakers to attack the European market (200 000 sales in Europe in 2022 against 85,000 in 2021 and 36,000 in 2020), on the other hand the decision to manufacture in China European or American models exported all over the world, and finally the consequences of the departure of European carmakers and from Russia, which has opened up a boulevard to Chinese carmakers (125,000 sales in Russia in 2022 compared to 115,000 in 2021 and 57,000 in 2020). The volume of China's automobile exports has thus increased from 450,000 units in 2015 to 760,000 in 2020, 1,614,000 in 2021 and 2,529,000 in 2022. According to figures for the first quarter of 2023 (1,142,000 units), nearly 3.5 million automobiles are expected to be exported from China this year as a whole.
- Compared to Japan, one of the world's leading automobile exporters, China remained behind until 2022. In the first quarter of 2023, China is hot on the heels of Japan (1,167,000 units).
The Tesla Model Y becomes the best-selling model in the world in the first quarter of 2023
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The Tesla Model Y becomes the best-selling model in the world in the first quarter of 2023
- In addition to being the best-selling car in Europe in the first quarter of 2023 and then in the first four months of 2023, the Tesla Model Y has become during this same period the best-selling car in the world. This is the first time that a battery electric model has reached this rank of world leader, which tells a lot about the global demand for electric motorization and Tesla's ability to meet this demand, both in the United States, Europe and China. Tesla has updated the concept of a global model that target customers around the world.
- The Tesla Model Y recorded 428,000 sales in the first four months of 2023, well ahead of the former world market leaders, namely the Ford F-Series pickup (276,000 sales) and the Toyota Corolla sedan (230,000 sales). At this rate, the Tesla Model Y could reach a record volume of 1.2 to 1.3 million sales for the whole year, which no model has managed to reach so far.
- The Toyota RAV4 (229,000 sales) and the Tesla Model 3 (220,000 sales) are in fourth and fifth position behind the three models mentioned above. Tesla and Toyota therefore each place two of their models in the world Top 5.
- Ford F-Series pickup competitors are well placed, with the Chevrolet Silverado being 6th and the Ram pickup 9th. The Honda CRV, direct competitor of the Toyota RAV4 is in 7th position. Toyota still places three other models in the world's Top 25: the Toyota Camry is 8th, the Toyota Corolla Cross is 11th and the Toyota Hilux pickup is 16th. Honda places two other models in the world Top 25: the Honda Accord is 18th and the Honda Civic is 19th.
Germany remains Europe's leading producer of BEVs in 2023
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Germany remains Europe's leading producer of BEVs in 2023
- The production volume in Europe (29 countries) of battery electric cars (BEV) in the 1st quarter of 2023 reached 282,198 units compared to 196,118 units in the 1st quarter of 2022, which represents an increase of 44% over one year.
- It is above all Germany that stands out as the leader in the production of this type of car, as this country produced 141,998 units on its soil in the 1st quarter of 2023, up 113% compared to the same period. of the previous year. This country now represents half of the battery electric cars produced in Europe.
- Spain – which, according to Inovev forecasts, should become the first European producer of electric cars in 2030 – is for the moment only the fourth producer of this type of car in Europe (behind Germany, the France and Belgium), but the Martorell plant has not yet started producing the future VW ID1/ID2 and Skoda, Cupra, Audi rebranded versions, scheduled to be mass-marketed. In addition, the production of the Peugeot 208 BEV has not yet started on the Zaragoza site, nor that of the future Ford BEVs in Valencia.
- France is currently second behind Germany, but far behind, with a production five times lower. In the 1st quarter of 2023, 28,931 BEVs were produced, up 25% year-on-year. It should be noted, however, that the Douai and Maubeuge factories have not yet reached their full production capacity. We are expecting the future R4, R5, Scénic, Micra and Alpine scheduled for 2024/2025, which should boost the plants’ production.
- It is to remind that European countries (29 countries) produced 841,211 BEVs in 2021 and 1,125,182 BEVs in 2022. Inovev forecasts 1.3 to 1.4 million units in 2023. Imports represented 30% of the European market BEV in 2022 and 35% in the 1st quarter of 2023.
Hino Motors and Mitsubishi Fuso to merge
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Hino Motors and Mitsubishi Fuso to merge
- Hino Motors is a subsidiary of the Toyota group specializing in trucks (medium and heavy utility vehicles) and buses. Mitsubishi Fuso is a subsidiary of Daimler Trucks also specializing in trucks (medium and heavy utility vehicles) and buses. This is the former truck branch of Mitsubishi Motors acquired by Daimler Trucks in 2005.
- The two producers, Hino Motors and Mitsubishi Fuso, are therefore competitors, but their production volume is still too low to compete with the major truck makers worldwide. Thus, in 2022, Hino produced 175,096 vehicles, including 127,842 in Japan and 47,254 outside Japan. Mitsubishi Fuso represents 15% of Daimler Trucks' production, i.e. approximately 80,000 vehicles in 2022.
- Within the Daimler Trucks group, Mitsubishi Fuso therefore represents a small part and a slightly offbeat range when it is compared to the much higher sold models from Mercedes or Freightliner brands.
- The German producer has therefore decided to conclude an agreement with the Toyota group to merge Mitsubishi Fuso with Hino Motors, which will create a Japanese leader in heavy utility vehicles capable of being competitive at a global scale. This group will surely be under Toyota control, even if today nothing has been formalized either by Toyota or by Daimler Trucks.
- Toyota and Daimler are aiming for a production of 300,000 units per year for the new company which will achieve significant economies of scale thanks to synergies in the technological, industrial and commercial field. The name of the new company will be chosen in 2024, when the definitive agreement will be signed between the two trucks makers.
Germany remains Europe's leading producer of PHEV in 2023
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Germany remains Europe's leading producer of PHEV in 2023
- The production volume in Europe (29 countries) of plug-in hybrid cars (PHEV) in the 1st quarter of 2023 reached 165,849 units compared to 183,689 units in the 1st quarter of 2022, which represents a decrease of 10% year-on-year.
- It is above all Germany that stands out as the leader in the production of this type of car, as this country produced 54,659 units in the 1st quarter of 2023, down 18% compared to the same period of last year. Germany now accounts for a third of plug-in hybrid cars produced in Europe.
- Spain is in second place, with 19,274 units produced in the 1st quarter of 2023 (down 15%). France is third behind Germany and Spain, with 17,280 PHEVs produced in the 1st quarter of 2023, down 8% year on year, but much is expected of the new Peugeot 308 PHEV and Peugeot 408 PHEV, as well as future Peugeot 3008 PHEV scheduled for late 2023 or early 2024. Next come Sweden (15,238 units), Slovakia (13,359 units) and Great Britain (11,780 units).
- However, there is an overall decline in sales and production of plug-in hybrid cars in 2023, with demand preferring to shift to battery electric cars.
- It is to remind that European countries (29 countries) produced 804,407 PHEV in 2021 and 740,646 PHEV in 2022. Inovev forecasts 600 000 to 700 000 units in 2023. Imports represented 27% of the European market for PHEV in 2022 and 27% in the 1st quarter of 2023.
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