Inovev forecasts 100,000 units per year of the new Fiat 600
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Inovev forecasts 100,000 units per year of the new Fiat 600
- The Fiat 500 is a small 3-door sedan available in a thermal version (500) and in a battery electric version (500 e). Until recently it was supplemented by two 5-door versions: the Fiat 500 L (estate) and the Fiat 500 X (SUV). After a few years, these two 5-door versions gradually saw their sales plummet. Fiat's response to this situation is the launch of two new 5-door versions, the 600 (with internal combustion engine) and the 600 e (with a 100% electric motor) launched at the end of 2023.
- The Fiat 600 and '600 e' may target not only former 500 L and 500 X customers but also some Fiat 500 customers, especially those who have had children: the Fiat 600 is more spacious as it is 4.17 m long, while the Fiat 500 does not exceed 3.57 m. Like the Fiat 500, the Fiat 600 takes the name of a mythical model of the brand, produced in Italy at nearly 2,7 million units between 1955 and 1969. Fiat intends to capitalize on this name as it has already done with the 500.
- The new model generally takes the line of the 500 X but it is however very different because it adopts the e-CMP platform of the Peugeot 2008, Opel Mokka, DS 3 and Jeep Avenger, and no longer a Fiat platform. The engines also come from these models, meaning a petrol engine and a 100% electric engine (BEV). Its electric motor (600 e) delivers 156 hp (115 kW) and its battery offers a capacity of 54 kWh which allows a range of 400 km according to the WLTP cycle. For the thermal version (600), it is a mild-hybrid (MHEV) as on the Fiat 500 and Fiat Panda, based this time on the 1.2-litre three-cylinder petrol engine with 130 hp already known from Stellantis.
- The Fiat 600 will compete with B-segment SUVs such as the Renault Captur, Peugeot 2008, Citroën C3 Aircross, Jeep Avenger, Opel Mokka, Ford Puma, VW Taigo, etc. It will be produed in Tichy (Poland) alongside the Jeep Avenger and Fiat 500. Inovev forecasts 100,000 sales per year of the new Fiat 600 (in its two engines, thermal and battery electric). As we can see on the graph, the launch of this model will not be enough for Fiat to regain the volumes reached in 2016 of the whole 500 family models.
Inovev forecasts 25,000 units per year of the new Mitsubishi Colt in Europe
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Inovev forecasts 25,000 units per year of the new Mitsubishi Colt in Europe
- The renewal of the European models range of the Japanese carmaker Mitsubishi continues. After the presentation and then the launch of the new B-segment SUV named ASX, rebranded version of the Renault Captur (made in Spain), Mitsubishi is presenting and preparing to market the new B-segment sedan, rebranded version of the Renault Clio (made in Turkey and Slovenia). This new model is called Colt, thus taking the name of an old Mitsubishi model which has not been marketed in Europe since 1999. The new Mitsubishi Colt differs from the Renault Clio simply by the logo and some finishing details.
- The engines are also the same as the Renault Clio’s ones, namely the 3-cylinder petrol 1.0 MPI with turbo (90 hp) or without turbo (65 hp) and the 4-cylinder 1.6 petrol full hybrid of 140 hp. The 1.3 petrol and 1.5 diesel are not available.
- Mitsubishi, which almost disappeared from the European market, is counting on its new ASX and Colt models derived from Renault models to recover and revive its sales in this market, which fell to 57,000 units in 2022 (compared to 100,000 in 2009 and 200,000 in 1999). But nothing is less certain, because customers will always prefer the original to the copy and Mitsubishi's customer base in Europe has become extremely tenuous with a very sparse sales network.
- In addition, the new Mitsubishi Colt should replace the Mitsubishi Space Star whose origins date back to 2013, which represents a very long life cycle, and of which less than 27,000 copies were sold on the European market in 2022 against 34,000 in 2021. Inovev forecasts 25,000 units per year in Europe of the new Mitsubishi Colt produced in Spain.
Opel will be the only European carmaker to offer a BEV equivalent to each of its models in 2024
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Opel will be the only European carmaker to offer a BEV equivalent to each of its models in 2024
- Opel (a subsidiary of the Stellantis group) will become the only European carmaker to offer a battery electric vehicle (BEV) equivalent to each of its models in 2024.
- Indeed, the entire range of the carmaker will soon be available in a pure battery electric version.
1. The Corsa (B-segment sedan), the Mokka (B-segment SUV), the Astra (C-segment sedan) as well as the Combo (N1-1), Vivaro(N1-2) and Movano(N1-3) light utility vehicles are already available in a battery electric version.
2. Will be available in a BEV version in 2024: the Crossland (B-segment SUV) and Grandland (C-segment SUV) when they are renewed in 2024.
- As for the D-segment sedan, the Insignia, it has just disappeared and will never have a battery electric version. But a new D-segment model (probably named Manta) is expected to be launched in 2025 or 2026 with a battery electric version. Opel says it wants to offer only BEVs from 2028.
- What is the share of BEVs within the Opel models range in the first 5 months of 2023? BEVs represent 13% of Corsa sales during this period, 24% of Mokka sales, 12% of Combo sales, 27% of Vivaro sales. For the Astra and the Movano, it is still too early to have significant figures.
- We can see that by observing these data, it will be difficult for Opel to achieve its goal of selling 100% of BEVs in five years.
The Tesla brand is becoming very dependent on China
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The Tesla brand is becoming very dependent on China
- The Californian brand of battery electric vehicles, Tesla has produced nearly 4.5 million cars worldwide since its creation in 2012 and just over 1.3 million cars in 2022, including 727,000 units in China (which has been the brand's leading producer since 2021), 548,000 units in the United States and 41,000 units in Europe (which just started last year).
- For 2023, Inovev forecasts a global production of 1.65 million Tesla cars, broken down as follows: 843,000 units in China, 656,000 units in the United States and 150,000 units in Europe.
- China will remain the brand's leading producer this year, although some of the cars that were exported to Europe will no longer be, because Tesla has decided to produce in Europe most of the Model Y sold in Europe. A good part of the Tesla models sold in Europe came from China in 2022 and all of them in 2021, when production in Europe had not started.
- Under these conditions, Tesla depends a lot on China, and the construction of a Tesla factory in Mexico can be interpreted, among other things, as a desire to depend less on China.
- In terms of sales, it is interesting to note that in 2022 Tesla's leading market remains the United States ahead of China, but in 2023, we should see these two countries buying as many Teslas. Europe is the third market for the Californian brand, buying half as many Tesla cars as China or the United States in 2022, but the year 2023 should see the gap between the three countries narrow. Canada is Tesla's fourth largest market.
The market share of BEVs in Eastern European countries will remain very low in 2023
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The market share of BEVs in Eastern European countries will remain very low in 2023
- The market share of BEVs reached 13% of the total passenger car sales in Europe at the end of the first quarter of 2023, compared to 12% at the end of the first quarter of 2022. But the distribution by country is far from uniform. Europe is even cut in two: BEVs have a share of more than 13% in 14 countries and a share of less than 13% in 15 countries.
- Among the 14 countries where BEVs represent more than 13% of sales, we note the presence of 14 countries from the former Western Europe region (17 countries), but southern countries such as Greece, Italy and Spain are not included.
- The most fervent adopters of BEVs are the countries of the North, with Norway at the forefront (Norway: 85%; Sweden: 36%; Finland: 31%; Denmark: 30%). Next come central countries with high purchasing power (Netherlands: 26%; Luxembourg: 19%; Austria: 18%; Switzerland: 17%), then three other countries (Portugal: 16%; Ireland: 16%; Belgium: 16%) and finally the three largest European countries (United Kingdom: 15%; France: 15%; Germany: 14%). We note that Germany is neck and neck with France, despite three national carmakers very involved in BEV technology (Volkswagen, BMW, Mercedes).
- The 15 countries whose BEVs represent less than 13% of the market, in addition to Greece, Italy and Spain mentioned above, are the 12 countries of the former Eastern Europe region, i.e. the former satellite countries of the Soviet Union and the latest arrivals in the European Union. For these countries, switching to battery electric vehicles from 2035 is clearly mission impossible. It should be noted that the countries where the BEV market share is the lowest are Poland, the Czech Republic and Slovakia.