詳細

上で公開 2019年10月03日

• Production
• Italy

Italian passenger car production fell by 17.4% in the first half of 2019

- Italian passenger car production fell by 17.4% in the first half of 2019, after having already fallen by 4.1% over the whole of 2018. These unfavorable  performances are obviously linked to the decline in world markets, but they have been amplified by the very structure of the Italian automotive industry, which owes its survival solely to the strategy of the Fiat-Chrysler group, which accounts for almost all of that country’s car production.

- Accordingly, when FCA strategy does not produce significant market results, Italy loses ground. Thus, the non-replacement of the Fiat Punto, the Alfa-Roméo Mito and the Lancia Ypsilon created a void in the manufacturer's range, which resulted in a loss of market share on the Italian market, its main market, but also on foreign markets.

- The ageing of the Fiat Panda and Fiat 500 has also amplified this phenomenon. Finally, the abandonment of various projects for the Alfa-Romeo brand and the failure of recent models such as the Giulia have also had negative consequences.

- In the first six months of 2019, Italy produced 320,000 passenger cars compared to 390,000 units in the same period of the previous year. The future does not seem likely to bring significant improvements, due to the expected further decline in global markets and an FCA Group strategy that tends to focus on North American markets. The only good news is the announced transfer of part of the Jeep Compass from Mexico to the Italian Melfi plant. These Italian-made Jeep Compasses will all be destined for the European market (75,000 sales were recorded in 2018).

    

 

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続きを読む... Italian passenger car production fell by 17.4% in the first half of 2019

詳細

上で公開 2019年10月03日

• Production
• Japan

Japanese passenger car production increased by 2.2% in the first half of 2019

- Japanese passenger car production increased by 2.2% in the first half of 2019, while it had fallen by 0.2% over the full year 2018. The volume of automotive production in Japan has stagnated since 2013, at a level close to 8 million units. This situation is the result of the sluggishness of the Japanese market for many years and the continuous development of transplants on foreign soil.

- Over the first six months of 2019, production volume reached 4.27 million passenger cars, compared with 4.18 million units in the first six months of 2018, but it is not clear that the gap will remain positive at the end of the year, given the expected further decline in world markets.

- In addition, the current difficulties of the Nissan group, which is  experiencing a worldwide sales decline, will have an impact on the volume of its production in Japan.

- The American government's desire to encourage Japanese manufacturers to produce more Japanese cars on American soil, in order to reduce the number of imports that it considers too high, has had little impact on Japanese manufacturers’ behavior so far.

- The rare "relocations" to Japan also have little impact on overall Japanese production. An example is the Suzuki Swift, which was previously manufactured in Hungary. The Honda Civic manufactured today in England and Turkey will also return to Japan in 2021 (about 150,000 units per year).

    

 

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続きを読む... Japanese passenger car production increased by 2.2% in the first half of 2019

詳細

上で公開 2019年10月03日

• Production
• South Korea

Korean passenger car production increased by 1.3% in the first half of 2019

- Korean passenger car production increased by 1.3% in the first half of 2019, while it had fallen by 2.0% over the full year 2018. This slight trend reversal is mainly due to the success of new models that have broadened the range of Korean manufacturers, such as the Hyundai Kona and Kia Stonic.

- In the first six months of 2019, South Korea produced 1.85 million passenger cars, compared to 1.82 million units in the same period of the previous year.

- This slight rebound in Korean production follows three years of decline, which was due both to a decline in production volume for the Hyundai-Kia group, which suffered from increased international competition, and to a decline in production volume for GM Korea (formerly Daewoo), which suffered from the halt in sales of the Chevrolet brand on the European continent. The situation is going to get worse for the GM group's subsidiary because production of the Opel Karl and Mokka models is scheduled to stop in the coming months.

- Since 2015, Korean production has fallen below 4 million units per year (3.65 million in 2018) and with the decline in world markets, the development of Hyundai-Kia group transplants outside Korea and the continued decline of GM Korea, it is likely that this volume will never be reached again, especially since the Renault-Samsung brand is also facing major difficulties, which we have mentioned in previous analyses.

    

 

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続きを読む... Korean passenger car production increased by 1.3% in the first half of 2019

詳細

上で公開 2019年10月03日

• China
• Production

Chinese passenger car production fell by 15.8% in the first half of 2019

- Chinese passenger car production fell by 15.8% in the first half of 2019, after having already fallen by 5.1% over the whole of 2018. This decline was the first in about 20 years, and it is therefore likely to be repeated in 2019, according to figures recorded in the first half of the year. This decrease in production observed this year is the direct consequence of the decline in the Chinese market, of the same order of magnitude. China imports few cars and also exports very few cars. In the first half of 2019, China accounted for 26% of global PC production.

- We can see on the graph that the decline in the Chinese market really began in June 2018 and has not stopped since. This decline has even tended to increase since the autumn of 2018. It is not easy to know whether the Chinese government has allowed this market decline to occur and whether it will be able to decide when the market will recover, in short, whether the market is under control or not. However, it seems likely that the Chinese market will no longer experience double-digit growth over the next decade.

- Over the first six months of 2019, it can be seen that 100% Chinese manufacturers are more affected by the drop in production (-21.4%) than foreign manufacturers (-11.7%). They now account for only 39.5% of production compared to 42.5% a year earlier.

- The largest increases were recorded by the Premium  Borgward (+94%), Volvo (+27%), BMW (+15%) and Mercedes (+13%) brands. The largest decreases were recorded by the DS (-97%), Lifan (-91%), Renault (-76%), Soueast (-74%), Jiangling (-71%), Ford (-65%), Peugeot (-62%), Suzuki (-56%) and Citroën (-55%) brands.

    

 

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続きを読む... Chinese passenger car production fell by 15.8% in the first half of 2019