The US will tax imports of foreign cars
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The US will tax imports of foreign cars
- As announced during his presidential campaign, President Donald Trump will tax 15% to 25% of vehicle imports in the US, targeting mainly German cars.
- In 2017, the US imported 8.3 million vehicles (while they exported 2,3 million): 2.4 million came from Mexico, 1.8 million from Canada, 1.7 million from Japan 0.9 million from South Korea and 0.6 million from Germany.
- In terms of evolution, it is clearly Mexico and Korea which, since 2010, have seen their exports to the USA progress the most (+ 100% for Mexico and + 85% for Korea). German and Japanese manufacturers, on the other hand, experienced much weaker import growth, due to the increase in their production on US soil. Volkswagen, Mercedes and BMW manufactured 857,000 vehicles in the US in 2017, compared with 282,000 in 2010.
- The largest US export markets for 2017 are Canada (912,000 vehicles), China (267,000 vehicles), Mexico (160,000 vehicles) and Japan (100,000 vehicles).
- The bilateral deficit is therefore mainly caused by Mexico (2.24 million vehicles), Japan (1.6 million), Canada (0.9 million) and Korea (0.8 million), much more than Germany (0.54 million). The objective is therefore to achieve media rather than economic impact, even if the sales prices of the imported German vehicles are higher than those from other countries.
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Land Rover transfers Discovery production to Slovakia
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Land Rover transfers Discovery production to Slovakia
- Jaguar Land Rover will transfer all of Discovery's production to Slovakia, when Slovakia's Nitra plant can start manufacturing vehicles. Today, the Discovery is manufactured on the British site of Solihull (48,000 units in 2017). According to Inovev, its annual production in 2018 will be around 50,000 units per year.
- The manufacturer has indicated that the capacities that will be available as a result of this transfer will allow the manufacture of a new range of electrified vehicles (HEV, PHEV, BEV).
- The Slovak plant, which will start operating in early 2019, will be able to manufacture up to 300,000 vehicles a year. We know that the future Land Rover Defender (competitor Jeep Renegade) will also be assembled on this site.
- Jaguar Land Rover produced 584,000 vehicles in Britain in 2017, while its capacity was set at 580,000 units per year.
- In addition to Great Britain, Jaguar Land Rover manufactures vehicles in China (83,500 units in 2017), Brazil (3,000 units), India (2,000 units) and Austria, where production of Jaguar E-Pace and I -Pace has just started in early 2018. The group has manufactured 672,500 vehicles worldwide in 2017. Its capacity will increase from 700,000 to 1,000,000 units per year from the start of operation. Slovak factory of Nitra.
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続きを読む... Land Rover transfers Discovery production to Slovakia
Japan's car production stagnates since 2012
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Japan's car production stagnates since 2012
- The volume of car production in Japan (PC+LCV) has stagnated for several decades, but it has reached a new milestone by constantly remaining below 10 million vehicles since 2012 (against 11.5 million in 2008 and 13, 5 million in 1990). The main explanation for this decline in production in Japan is that Japanese manufacturers have plants around the world, including in North America, Europe and Southeast Asia. And over the decades, they have steadily increased production in these factories, gradually transferring much of the volumes previously produced in Japan. And this movement will not stop any time soon, given that US President Donald Trump encourages Japanese manufacturers to produce even more on American soil ...
- The volume of production in Japan could thus fall to around 8 million units a year, over the next few years, especially since we cannot count on a rise in the Japanese car market, which has been stagnating for some 20 years, at around 5 million units a year.
- The Toyota Group (Toyota, Daihatsu, Lexus, Hino) remains largely leader of the Japanese market (54% of registrations) and in terms of production (44% of Japanese production). Renault-Nissan retains its second place (12% of registrations but 17% of Japanese production), ahead of Mazda, Suzuki, Honda, Subaru and Isuzu.
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Auto production in Russia increasing since 2017
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Auto production in Russia increasing since 2017
- The volume of Russian automotive production (VP + VU) has been on a roller coaster since 2005. From 1.35 million units in 2005, Russian production dropped to 780,000 in 2009, due to the fall of the market Russian automobile that year (Russian production is highly dependent on the domestic market, exports being extremely low since the fall of the USSR in the early 1990s).
- The restart of the Russian market was effective in 2010 and Russian production reached 2.3 million units in 2012. But the economic sanctions against Russia (consequence of the war in Ukraine and annexation of the Crimea) have again plunged the Russian market and Russian production into disarray from 2013 to 2016. The volume of Russian production has fallen to 1.3 million units in 2016. The reduction of sanctions since last year created the resurgence of the Russian market in 2017, and the year 2018 confirms this trend, since 2 million units will probably be reached again at year’s end.
- By manufacturer, we see that the Renault-Nissan group (mainly Lada) accounts for only 39% of Russian production in 2017, compared to 45% in 2010 and 62% in 2005. This leading group in Russia must now deal with groups Hyundai-Kia and Volkswagen, while the GM and Ford groups have almost completely disappeared, probably a consequence of the harshness of US sanctions against Russia.
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China's car production is gradually approaching 30 million units
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China's car production is gradually approaching 30 million units
- The volume of car production in China (PC+LCV) has been growing steadily since 2005, rising from 5 million units in that year to 29 million in 2017 (including 25 million passenger cars and 4 million commercial vehicles), an increase of 500% in twelve years.
- It should be noted that this growth in Chinese automobile production (which is progressing in upward steps ) depends mainly on the growth of the Chinese car market. In fact, imports and exports remain very low, given the volume of the market: they are at about one-thirtieth of the market and one-thirtieth of production, which is excessively low.
- We also note that the growth of Chinese car production has slowed in recent years, which could augur a few years of near-stagnation, around 35 million units, one-third of global production.
- By manufacturer, we can see that two groups (Volkswagen and GM) progressively outdistanced all the others and alone represent 27.5% of Chinese car production in 2017. Far behind, the Renault-Nissan, Honda and Geely groups have benefited of the fall in sales of Hyundai-Kia en 2017. Geely could become the third-largest car producer in China this year, behind Volkswagen and GM.
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続きを読む... China's car production is gradually approaching 30 million units