The Korean automotive market by segments and by body types
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The Korean automotive market by segments and by body types
- The Korean passenger car market fell by 9.3% in 2021 compared to 2020. The year 2022 will not bring any improvement as in the first five months, the volume of the passenger car (PC) market is in decline of 11.7% compared to the first five months of 2021.
- By segment, the D-segment remains the main segment of the Korean market, with 46% of registrations in the country, driven by the success of the Hyundai Sonata and its derivatives (including SUVs), as well as its successors. Nearly one in two cars sold in Korea is therefore D-segment.
- The C-segment represents 28% of the Korean market, at a stable level for ten years.
- The E-segment continues to progress and today reaches 17% of sales, showing a certain gentrification of the clientele, in particular those attracted by imported German cars.
- The A-segment is in parallel in free fall, at 7% of the market, its sales having been divided by two years ten years.
- Finally, the B and F segments only 1% each, which demonstrates that B-segment B practically does not exist in Korea.
- By body, SUVs have made a spectacular breakthrough over the past ten years, rising from 20% of the Korean market in 2012 to 47% in 2021, thus supplanting sedans (46%) for the first time. MPVs represent 7% of the market in 2021.
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続きを読む... The Korean automotive market by segments and by body types
The top 25 best-selling models in China in the first five months of 2022
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The top 25 best-selling models in China in the first five months of 2022
- The Chinese passenger car market is down 3.5% in the first five months of 2022, compared to the same period of the previous year with a volume of 8,126,145 units against 8,425,044 units. This drop is due to a catastrophic month of April (-43%) due to the consequences of yet another wave of Covid-19 which forced carmakers to close a large part of the country's automobile assembly plants. But market growth was observed as early as May.
- In this context, the ranking of the top 25 sales has changed significantly compared to last year. The GM-Wuling Mini EV takes the lead in the top 25 for the first five months of 2022, with 168,000 sales, which augurs for a volume of 400,000 units for the full year. The Volkswagen Lavida drops compared to last year, with 130,000 sales, followed by the Tesla Model Y (126,000 sales) which appears for the first time in the ranking. The Great Wall H6 SUV is fourth, with 113,000 sales, down sharply from 2021.
- Two medium sedans follow, the Nissan Bluebird Sylphy (109,000 sales) and the Toyota Camry (108,000 sales) which are ahead of the BYD Song PHEV SUV (104,000 sales) which appears for the first time in the ranking, competing the SUV Changan CS75 (96,000 sales) and Honda CRV (93,000 sales). The Tesla Model 3 is in tenth place, with 90,000 sales. It is not really competed by the Model Y as the Model 3 loses only 5,000 sales compared to last year.
- We also note the sharp drop of the Volkswagen Sagitar, Volkswagen Bora and Toyota Corolla.
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続きを読む... The top 25 best-selling models in China in the first five months of 2022
The production of vehicles in Mexico could reach 3.5 million units in 2022
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The production of vehicles in Mexico could reach 3.5 million units in 2022
- Mexican vehicles production (Passenger Cars +Utility Vehicles), after continuous growth between 2010 and 2017, gradually rising from 2 million vehicles to 4 million, experienced a decline from 2018 which intensified in 2020 in due to the Covid crisis, thus falling to 3 million units. The year 2021 did not allow a relaunch of the production volume.
- The first five months of 2022 (1,45 million units/+7%) indicate that we could reach the 3.5 million units this year, thus posting a good performance which contrasts with the results expected in the United States and Canada, which should experience a sluggish situation in terms of their production volume.
- Mexican production is mainly destined to export, which represents nearly 90% of local production and whose three main destinations are the United States (75% of the total), Canada (7% of the total) and Germany (5% of the total). However, it is not exports that have driven production over these first five months as they are stable compared to the first five months of 2021. It is above all production for the local market which has increased (+31.4%).
- Among the carmakers present in Mexico, which ones are progressing the most in 2022? The brands that are growing the most are Ford (+50%), Mazda (+33%), Audi (+32%), Toyota (+21%), GMC (+12%) and Kia (+10%). The Chevrolet, Ram (ex-Dodge) and Honda brands are stable. Finally, the brands that are declining are the following: Mercedes (-1%) and above all Volkswagen (-19%), BMW (-24%) and Nissan (-27%). The latter was for many years the largest car producer in Mexico, after the prosperous period of Volkswagen, this is no longer the case in 2022.
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続きを読む... The production of vehicles in Mexico could reach 3.5 million units in 2022
Volvo will build an assembly plant in Slovakia
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Volvo will build an assembly plant in Slovakia
- The Swedish carmaker Volvo Cars (belonging to the Chinese group Geely) has announced that it will build a battery electric car assembly plant in Slovakia from 2023, on the Kosice site, in the east of the country. The plant is expected to start operating in 2026.
- This will be the carmaker third European plant, which already has a plant in Sweden (Gothenburg) and another plant in Belgium (Ghent) opened in the 1960s.
- The Kosice plant will be the third assembly plant opened in Europe between 2022 and 2026 by a car manufacturer, after Tesla in Berlin (Germany) and BMW in Debrecen (Hungary). The Tesla factory in Berlin started up a few weeks ago, while the BMW factory in Debrecen will open in 2025. It is not surprising that these three assembly plants are dedicated to battery electric vehicles, given the probable end of sales of combustion engine cars in 2035.
- Volvo plans a capacity of 250,000 electric vehicles per year at its future plant in Kosice. The carmaker did not specify what the impact would be on the production of its two other European factories, which are also being transformed to produce only electric vehicles from 2030. These two factories have a production capacity of 550,000 vehicles per year (300,000 in Ghent and 250,000 in Gothenburg) to which will be added 250,000 vehicles per year in Kosice.
- Volvo sold 700,000 vehicles worldwide in 2021, including 300,000 in Europe, 175,000 in China and 125,000 in the USA, with the carmaker having assembly plants in China and the United States. Volvo's goal is to sell 1,200,000 vehicles per year from 2025.
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What evolution for the Russian automotive market and production?
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What evolution for the Russian automotive market and production?
- According to the Russian organizations themselves, the car market and production are expected to fall by more than 50% over the whole of 2022, due to the war in Ukraine which has caused both a drop in customers demand, but also and above all because of the cessation of production at certain locally established factories (such as Renault, BMW, Mercedes or Volkswagen) and the cessation of most imports (from Europe). Over the first five months of 2022, the market fell by 52% and production by 56%.
- What can happen when the war will be over? Will economic sanctions continue to be applied? Will carmakers who quit Russia in the first half of 2022 return? And in this case, will the Russian government agree to see them resume their activity in Russia? It is difficult to answer these questions. The scenario favoring a return to the pre-war situation in Ukraine seems unlikely. The war in Ukraine will inevitably leave its mark.
- The most likely scenarios favor the Russians taking over the factories left vacant and/or the Russians encouraging the massive arrival of Chinese carmakers in the factories left vacant. This scenario seems plausible as the Chinese carmakers who represented 5% of the Russian market in 2021 represent nearly 10% over the first five months of 2022. This share seems logically set to increase in the coming months, due to the disappearance of European carmakers from the Russian market over the period. However, this would be a strong dependence on China for Russia, a dependence that the Russian government is not sure to accept.
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続きを読む... What evolution for the Russian automotive market and production?