The Stellantis group sold 6.4 million vehicles in 2023
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The Stellantis group sold 6.4 million vehicles in 2023
- The Stellantis group (Peugeot, Citroën, DS, Opel, Vauxhall, Fiat, Alfa-Romeo, Lancia, Abarth, Maserati, Chrysler, Dodge, Jeep, Ram) sold 6.4 million vehicles worldwide in 2023 compared to 6 million in 2022, which represents an increase of 6.7% and places the carmaker in fourth place in the world, behind the Toyota (1st), Volkswagen (2nd) and Hyundai-Kia (3rd) groups. Stellantis managed to increase its sales, but at a lower rate than the global market as a whole.
- The priority of the Stellantis group is to develop its 14 brands while avoiding any cannibalisation. The challenge is all the more difficult as brands like Lancia, Chrysler or Dodge have been left aside, which forces Stellantis management to start from scratch for the reconstruction of the ranges.
- Fortunately, PSA bases (platforms and engines) are used extensively for this purpose, notably for Opel, Vauxhall, Fiat, Alfa-Romeo and Lancia.
- Among the 14 brands offered by Stellantis in 2023, three have sold more than a million vehicles: Fiat, Peugeot and Jeep, Fiat being the leading brand of the group, with 1.3 million sales compared to 1.1 million for Peugeot and 1 million for Jeep. These three brands account for more than 50% of Stellantis' global sales. When it comes to battery electric and plug-in hybrid vehicles, Stellantis sold 275,000 BEVs and 265,000 PHEVs last year, with these models representing 8.5% of the group's total sales.
The Hyundai-Kia group sold 7.3 million vehicles in 2023
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The Hyundai-Kia group sold 7.3 million vehicles in 2023
- The Hyundai-Kia group (Hyundai, Kia, Genesis) sold 7.3 million vehicles worldwide in 2023 compared to 6.85 million in 2022, which represents an increase of 6.6% and places the Korean group as the third world carmaker, behind the Toyota (1st) and Volkswagen (2nd) groups. This volume is divided in 4,007,924 Hyundais, 3,085,771 Kias and 208,756 Genesis.
- The United States remains the Korean group's first market in 2023, with 1,652,821 PC+LUV sales, a market in which Hyundai-Kia held a 10.6% market share last year. South Korea remains its second market, with 1,327,903 sales and 77% market share. Europe (EU + UK + EFTA) is its third market, with 1,109,909 sales and 8.6% market share. India is its fourth market, with 857,109 sales and 16% market share. China is its fifth market, with 425,315 sales and only 1.6% market share, a market in which the Korean group tends to gradually disappear.
- In 2023, Hyundai-Kia sold 376,500 BEVs (up from 355,000 in 2022), 105,000 PHEVs (up from 120,000 in 2022) and 646,000 HEVs (up from 375,000 in 2022). These models represent 15% of the Korean carmaker's total sales.
- Despite the various battery electric vehicles offer, the Hyundai-Kia group is struggling to establish itself on the Chinese market (the most electrified market in the world) compared to its Chinese competitors (mainly BYD but not only) and the American Tesla.
- Without China, the Hyundai-Kia group will have to consolidate its positions in its four major markets, the United States, South Korea, Europe and India where competition is also fierce. This is why the carmaker plans a modest growth in 2024 compared to 2023, of around 2%.
Geneva Motor Show 2024: BYD
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Geneva Motor Show 2024: BYD
BYD, today the world number 2 producer of BEVs behind Tesla, is very present on the (formerly) big European car show. BYD is in Geneva will present the following models :
- Seal U: this model will be presented in its PHEV version, named DM-i. The 18,3 kWh battery of this 4,8 meter long SUV allows a pure electrical range of 100 km. Inovev estimates the European sales volume of the Seal U at around 20.000 units in 2030.
- Tang: this 4,87 meter long premium SUV will be presented in an advanced version with faster recharge and a range of around 530 km. Inovev estimates the European sales volume of the Tang at around 7.000 units in 2030.
- Yangwang U8: The premium brand of BYD will present its 5,32 meter long F-Segment SUV U8. This PHEV has four electric motors and a 49 kWh battery, which allows a 200 km range. This car seems more fitting for the American market than the European one. So far a date for the market start in Europe has not yet been announced. Inovev forecasts for the European market a volume of the U8 at around 1.000 in 2030.
- Denza D9: The Joint Venture, created in 2010 by BYD and Mercedes, has already presented this PHEV-Minivan at the IAA in Munich 2023. It is 5,25 meter long and comes with a 40 kWh battery. Its European success is questionable as vans have less and less sales volume here. Inovev estimates the European sales volume of the D9 at around 1.500 in 2030.
- Denza N7: This premium SUV is 4,8 meter long and is only available as a BEV, with a 390 kW strong electric motor and a 82,5 kWh battery, which allows a range of 1 000 km. A PHEV version was announced for 2023 but has not been marketed yet. It may be presented in Geneva. Inovev estimates the European sales volume of the N7 at around 1.500 units in 2030.
Geneva Motor Show 2024: MG
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Geneva Motor Show 2024: MG
The former British brand MG is today owned by SAIC. With more than 230.000 sales in Europe in 2023, it is the most successful Chinese car brand on this market (providing that Volvo is still considered as a European carmaker).
- MG 3: This vehicle might be MG’s biggest revelation. This B-segment HEV sedan is tailored for the mass market, and could be marketed at around 18.000 €, a very competitive price in Europe. It is remarkable that MG announced this model as a full-hybrid, as such cars have a rather flat market share in Europe and their market is strongly dominated by Japanese carmakers. This car will be in competition with the Toyota Yaris, Dacia Sandero, Opel Corsa, Renault Clio, Peugeot 208 and the VW Polo. Inovev estimates the European sales volume of the MG 3 at around 70.000 in 2030.
- MG Cyberster: This BEV Roadster will be probably marketed in 2024 and was already displayed on other shows. At Geneva Motor Show, MG will revel more details. Inovev estimates the European sales volume of the MG 3 under 1.000 in 2030.
- IM L6: MG will introduce its new sub brand IM (Intelligent Mobility) which will completely focus on BEVs and advanced technologies. IM will also revel the first model of its brand, the L6. From the so far published images, we conclude it might be a D or E segment sedan. Interesting is that the battery may come in two different configurations. It shall be available with a lithium-ion battery, which should enable 600 km range, or with a solid-state battery (or maybe semi solid), which should enable 800 km range, based on WLTP standards. As by now, very little is known about this model. Therefore the estimation of Inovev for the European sales volume of this model ranges between 2.000 and 8.000 units per year for 2030.
Geneva Motor Show 2024: Renault Group
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Geneva Motor Show 2024: Renault Group
The Renault-group with its brands Renault, Alpine and Dacia, will be the only big European carmaker group present at the Geneva Motorshow. The Renault group brands will use the spotlight to present their novelties:
- Renault 5: This novelty will be presented in it final form. The concept car was already presented during the Paris Motor Show in 2022. The R5 will replace the Zoe and will be produced in Douai, France. The R5 measures 3.92 m in length, for 1.77 m in width and 1.50 m in height. It is based on the new AmpR Small platform (previously CMF-B EV). It will be mounted with an electric motor of 95, 120 or 150 hp and two options of batteries pack: 40 or 52kWh. Inovevforecasts a production of 100.000 vehicles per year.
- Megane E-Tech: This full-electric (BEV) sedan of the C-Segment is produced in Douai in France. It is 4.2 meter long, 1.9 meter wide and 1.5 meter high. Its battery has a range from 42 to 62kWh. Inovev registered around 41.856 vehicles sold in 2023.
- Scenic E-Tech: The BEV C-Segment SUV just started its career at the end of last year in France. Inovev forecasts a production of 60.000 units per year, produced at Douai (France) plant.
- Espace E-Tech: This full hybrid (F-HEV) D-Segment MPV started its careers in April 2023 and was not so successful outside France (Inovev registered only 6.833 sales in Europe in 2023).
- Rafale: This D-Segment HEV- SUV is produced in Palencia (Spain) since 2023. Inovev could only register sales so far in Spain. The cruising production Inovev forecast is 15.000 vehicles per year.
- Dacia Duster: The 3rd generation of this C-Segment SUV, which is based on the CMF-B platform, will be equipped with thermal, MHEV and HEV engines. Inovev forecasts around 240.000 units per year, which will be produced in Romania.
- Dacia Spring: A new design of this A-Segment BEV-SUV will be presented in Geneva. Inovev expects around 59.000 Springs per year, which will be still produced in Slovenia.
- Alpine A-290: The sports-brand of Renault may present the concept car A-290, a sports car derived from R5. It will therefore based on the same platform as R5 and we can expect the same dimensions. The biggest difference apart from design and additional equipment will certainly be the motor.
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