Sports and luxury models in the NAFTA zone 2022-2026

In 2024, Aston Martin will launch the Valhalla, a very sporty PHEV, on the North American market. An as yet unnamed BEV has been announced for 2025.


Bentley will offer the Bentayga Long Wheelbase from 2024. An electric SUV has been announced for 2025 and an electric sedan for 2026. Neither has yet been specified in more detail.


Ferrari will introduce the Purosangue, an internal combustion engine crossover, to the North American market in 2023. Otherwise, two vehicles with V12 engines will be introduced to the North American market in 2024 and 2025, and a BEV in 2026. They have not yet been named.


Lamborghini plans to offer an all-electric GT sedan in North America starting in 2026.Maserati will sell the Grecale SUV in North America starting in 2022. Its BEV version is to be launched there in 2023 together with the Gran Tourismo (BEV) and MC20 Cielo (with combustion engine) sports cars. The BEV version of the E-MC20 is to be launched on the North American market in 2025 and that of the Levante SUV in 2026.


American luxury BEV carmaker Lucid will introduce its Air Touring and Air Pure sedans to its home market in 2022. An even more luxurious sedan, the Sapphire, will be launched in 2023 and an SUV, the Gravity, in 2024. McLaren has been selling the Artura sports car in North America since 2022. In 2023, the PHEV, the Artura Spider, should appear there. From 2024, the BEV P1 sports car should be offered in limited editions.


Porsche offered the 911 Sport Classic in a limited edition in North America in 2022. The 911 Safari was to be launched there in 2023. In 2025, a hybrid version of the 911 and the BEV version of the Macan were to be launched there. In 2025, BEV versions of the Cayenne and Boxster/Cayman should be launched. A BEV crossover has been announced for 2026.


Rolls- Royce will launch the Spectre BEV in 2023 and an as yet unnamed crossover in 2025 on the North American market.


22-26-9
 
    
 

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VW's acceleration towards electrification

According to Inovev's forecast, the Volkswagen Group will sell around 257,000 electric cars (BEVs) in Europe by the end of 2022, which is around 21,000 BEVs less than in 2021. While Audi can be satisfied with its BEV sales, Skoda is stable and the Cupra Born has made a good start, it is the VW brand itself that will probably not be able to exceed the BEV sales of the previous year. The brand itself is now adjusting its strategy for electric vehicles.


The head of the VW brand announced at the end of October that it will only produce BEVs in Europe from 2033, instead of making this move between 2033 and 2035 as previously announced. However, VW cars with internal combustion engines will continue to be produced in the U.S. and China for a little longer. In addition, the product range will be simplified and more cross-brand platforms will be used.


With this goal in mind, the VW brand plans to launch ten new BEV models by 2026 and be able to cover every segment in the future. With the ID7, whose study is still called ID Aero, there will be a counterpart to the Passat in 2023. A BEV with a price tag of under €25,000 is also planned. This could be the ID Life study, which could be marketed under the names ID1 and ID2. The ID6 SUV is only available in China so far, but could replace the Tiguan in Europe if it is successful there.


Volkswagen as a group, but more importantly as a brand, needs to increase sales of electric cars if it wants to retain its position as world market leader. While Tesla currently dominates the BEV market in the premium segment, the market for entry-level models could soon be taken over by Chinese competitors. Hyundai also has plans for a BEV model for the entry-level segment, which should cost no more than €20,000.


22-26-10
 
    
 

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Global market balance 9 months 2022
The global automotive market (PC+LUV) recovers part of its loss in the third quarter of 2022 after two mediocre years, surpassing 2021 levels and approaching 2020 levels.

It should be recalled that the first half of 2020 (30.4 million sales) had been exceptionally poor due to the Covid 19 crisis (closure of car factories and dealerships), and the second half of 2020 had recovered some of the ground lost in the first half. Therefore, the second half of 2020 had been excellent (41.5 million sales).

The year 2020 ended with a total of 71.9 million sales (compared to 82.2 million in 2019 and 86.0 million in 2018).

The year 2021 showed a completely different physiognomy. The first half of the year was excellent (38.9 million sales), as it was a period of continuous catch-up in line with the second half of 2020. The second half of 2021, on the other hand, suffered from the semiconductor crisis (which led to production and delivery delays). Sales volume did not exceed 35.5 million units.

The year 2021 had ended with a total of 74.4 million vehicles sold.

The year 2022 continued to suffer from the semiconductor crisis, but to a lesser extent than 2021, with the first half ending with a sales volume of 34.1 million units (a volume that was between 2020 and 2021). The second half of the year seems to present a comparable pace. For example, the third quarter of 2022 recorded 18.5 million sales, compared to 19.7 million in 2020 and 16.8 million in 2021. By the end of September 2022, the global market has still shrunk by 5.6% year-on-year, 85% of which are internal combustion engine vehicles or HEVs, 10% BEVs and 5% PHEVs.


 
    
 

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The electric Mini will be produced in China in the future

Since 2000, the Mini has been manufactured at a single location: Oxford (United Kingdom). BMW will launch the new generation of the Mini in 2023. A very important change compared to the current generation is that the 100% electric version will be relocated from the UK (Oxford) to China (Zhangjiagang), mimicking Mercedes' strategy for the electric Smart, which is being relocated from France and Slovenia to China. These relocations were likely decided due to lower labor costs in China and the much larger market for 100% electric cars (BEVs) in China than in Europe. For example, the Chinese electric car market will be 4.5 million units in 2022, compared to only 1.3 million units in Europe, three times less. And the gap between the two markets will continue to widen due to the strong growth of BEV sales in China. So there is the possibility of selling three out of every four electric cars produced in China, which is an argument that should not be underestimated.


The electric Mini, to be launched in 2023, will be produced by a JV linking BMW with China's Great Wall Motors, which has not yet had the opportunity to work with a foreign carmaker, as SAIC, FAW, Dongfeng, BAIC, Chery or GAC have long done.


This JV's plant in Zhangjiagang, near Shanghai, is designed to produce 160,000 electric Mini per year, while the UK plant in Oxford currently produces 40,000 Mini per year, representing 20% of Mini sales. By contrast, the next-generation electric Countryman, scheduled for 2023, will be made at the German plant in Leipzig. Today, this version is not yet available, as the Countryman is only available with an internal combustion engine and as a plug-in hybrid.


22-26-2
 
    
 

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Market balance Europe 9 months 2022
The European automotive market (PC+LUV) is catching up again after two mediocre years. While the first half of 2022 (6.4 million sales) is worse than the first half of 2021 (7.6 million sales), the third quarter performs as well as the third quarter of 2021 (3.1 million sales).

In 2020, the European market had experienced one of its worst years since 2013 with 13.8 million sales, with an extremely weak first half of the year (5.9 million units) due to the Covid 19 crisis that led to the closure of car factories and dealers, a figure last recorded decades ago. The second half of 2020 was a catch-up year (7.9 million units).

In 2021, the first half of the year continued at the same pace as the second half of  the year 2020 (7.6 million units), but the second half of 2021 fell behind again (6.2 million units) as it fell victim to the semiconductor crisis.

The first half of 2022 was on par with the second half of 2021 (6.4 million units). Only a slight improvement emerged in September, when vehicle registrations exceeded those of September 2021 for the first time this year.

By the end of September 2022, the European market was still down 10% year-on-year, with Italy, France, Belgium, Austria and all Scandinavian countries lagging the most. The distribution by powertrain over this period is as follows: 83% vehicles with combustion engines or HEVs, 10% BEVs and 7% PHEVs.


 
    
 

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