India's PC + LUV market grew by 9.6% in 2017
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India's PC + LUV market grew by 9.6% in 2017
- The Indian car market (PC +LUV) increased by 9.6% in 2017, with a volume of 4,018,872 units (compared to 3,666,387 in 2016) reflecting an acceleration of growth as the increase in 2016 was no more than 7%. The Indian market is therefore growing much faster than the global market, and higher than the Chinese market, although the Chinese market remains seven times larger. Inovev believes that the Indian market will increase further in 2018, as there are no warning signs of a downturn.
- The manufacturers that made the most progress in the Indian market in 2017 were Tata Motors (+ 16.8%), Suzuki-Maruti (+ 14.9%) and Honda (+ 14.5%) groups. Note that the Renault-Nissan group is the only major manufacturer to decline in this market in 2017 (-10.8%). If this group had continued to progress as in 2015 and 2016, it could perhaps have become the first global manufacturer, in front of the Volkswagen Group.
- The leader of the Indian market remains the Suzuki-Maruti group which occupies 43.3% of the Indian market in 2017, a few tenths of points more than the previous year. Other manufacturers are far behind: Hyundai-Kia occupies 14.3% of the market, ahead of Mahindra (11.8%), Tata (10.2%), Honda (4.8%) and Renault-Nissan (4.5%).
- Imports account for 4.3% of the Indian market in 2017, the same as in 2016.
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Japan’s PC + LUV market increased by 5.3% in 2017
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Japan’s PC + LUV market increased by 5.3% in 2017
- The Japanese automobile market (PC +LUV) increased by 5.3% in 2017, with a volume of 5,234,166 units (compared to 4,970,260 in 2016), reflecting a return to growth, since this market posted negative results since 2015. However, there is a sharp downturn since the fall of 2017 and at this rate, the Japanese market could become negative in 2018. Inovev thinks that this market could fall to 5 million units in 2018, down 4.5% from 2017.
- The manufacturers that made the most progress in 2017 in the Japanese market are Subaru (+ 13.5%) and Renault-Nissan (+ 10.6%).
- The Japanese market leader remains the Toyota group (Toyota, Lexus, Daihatsu) which occupies 44.5% of the market share in 2017, which is the same as the previous year since Toyota has increased its sales as much as the market as a whole ( + 4.5%).
- The Toyota group largely dominates its competitors since the second manufacturer, Honda does not exceed 13.8% of market share. Next are Suzuki (12.7% market share) and Renault-Nissan (11.3% market share). The other manufacturers are far behind: Mazda (4.0% market share), Subaru (3.4% market share) and Mitsubishi (1.8% market share) that we are counting separately here in order to better compare to other manufacturers.
- Imports made up 6% of the Japanese market in 2017, the same as in 2016.
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2017 European market breakdown by segment and body type
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2017 European market breakdown by segment and body type
The European car market increased by 3.3% for the PCs + LCVs overall but also 3.3% for the PCs only. Inovev has studied the evolution since 2000 of the European automotive market for PCs by segment and by body type.
1. By segment: C segment remains the leader of the European market with 37% of market share in 2017, an increase since 2015, but still down compared to 2012-2013-2014 where it reached or exceeded 38%. B Segment has moved closer to C segment since the beginning of the 2010s. It ends 2017 with a market share of 32% down slightly compared to 2015 and 2016 (B segment then reached 33% of the market ). D segment does not exceed 15% of the European market (stable since 2015). A Segment is below 10% share of the market, which it had exceeded in 2009 when scrappage bonuses were introduced which favorited the purchase of small cars. E segment is stable at 6% market share. F segment is stable at 1% market share.
2. By body type : the sedan category has gradually fallen to 60% of the European market in 2017, compared to 90% in 1999, 80% in 2009 and 70% in 2014. This category is competing with SUVs which make up 30% of the European market in 2017, compared to 20% in 2014 and 10% in 2010. Minivans fell to less than 10% of the European market in 2017, compared to 15% in 2005. These trends are expected to continue in 2018.
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続きを読む... 2017 European market breakdown by segment and body type
Geely acquires 8.2% of Volvo Trucks
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Geely acquires 8.2% of Volvo Trucks
- Volvo Trucks is one of the world's largest manufacturers of trucks, just behind the Daimler Group. Volvo Trucks currently comprises Volvo Trucks, Renault Trucks, Mack Trucks, UD Trucks (formerly Nissan Diesel) and Eicher Motors.
- Volvo Trucks was separated from Volvo Cars in 1999, when the Ford Group bought Volvo Cars, which it sold to Geely in 2010. Today, Geely has become the world's thirteenth-largest manufacturer (thanks in part to Volvo Cars) and the first independent Chinese automaker ahead of Changan (if Volvo production is integrated). In 2017, Geely sold 1.82 million vehicles worldwide, including 1.25 million under its own brand (mainly distributed in China) and 0.57 million under the Volvo brand (distributed worldwide).
- In line with their goal to become one of the world's top 10 automakers, Geely bought London taxi manufacturer LTC in 2012, and then took a 49% stake in Malaysian Proton and 51% in Britain's Lotus, then announced the acquisition of Polestar which will become in 2019 a full-fledged brand of the group. Finally, Geely just took 8.2% of Volvo Trucks' capital. This is a first step that could eventually lead to a future return of the Volvo group to the structure that existed before 1999, but this time under the direct control of the first independent Chinese automotive manufacturer.
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Inovev forecasts 20,000 sales/year for the new Mercedes G-Class
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Inovev forecasts 20,000 sales/year for the new Mercedes G-Class
- Mercedes unveiled the new generation of the G-Class SUV at the 2018 Detroit Auto Show. The previous generation, which dated back to 1979, was one of the oldest models still in production, along with its main competitor, the Jeep Wrangler which has been restyled several times in recent decades.
- The new generation of the G-Class keeps the previous generation’s silhouette, probably to avoid confusing the clientele of this mythical model that has sold nearly 300,000 units in 38 years. The new model is 5cm longer, at 4.71m and 10cm wider, at 1.86m.
- The new generation is announced lighter (gain of 170 kilos compared to the previous version), more rigid, more comfortable, more spacious, while maintaining its excellent off road capabilities.
- The engines of the new model will be 4-liter V8 gasoline engine developing 422 hp and a 245 hp V6 diesel engine that will be available from 2019. A more powerful AMG engine could follow.
- The launch of the new G-Class is scheduled for spring 2018. It will still be produced at the Magna-Steyr plant in Graz, Austria. Inovev expects an annual volume of 20,000 units produced, the previous peak having been reached in 2017, with 9,000 units produced, which - for a model aged 38 - was a real performance.
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続きを読む... Inovev forecasts 20,000 sales/year for the new Mercedes G-Class





