European market catch up only partial since 2008
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European market catch up only partial since 2008
- While the European passenger car market had reached record sales in 2007, with a volume of 16 million units, the 2008 financial crisis and the ensuing economic crisis plunged the market into recession until 2013.
- Since 2014, there has been a catch-up phenomenon, and the European market for passenger cars which had fallen to 12.3 million units has gradually recovered to reach 15.6 million units in 2017 and probably 15.9 million units in 2018 (based on figures reported for the first 10 months), close to the 2007 record.
- However, if one adds up the sales that would have been effective between 2008 and 2017, assuming a constant market around 16 million units per year, 20 million additional vehicles should have been registered, which demonstrates that the catch-up has only been partial. This shortfall shows that many potential customers have postponed, or even forgone their purchases.
- With regard to the European market for light commercial vehicles, it can be observed that the record sales reached in 2007 (2.3 million units) have not yet been reached in 2017 (2.06 million units), and that the shortfall between 2008 and 2017 is in the order of 6 million units that were not registered during this period (had the market remained constant at around 2.3 million units per year). Which means that in this category as well, the catch up has only been partial.
- In total, car manufacturers in Europe lost 26 million sales in Europe between 2008 and 2017.
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Honda and GAC to produce electric vehicles in China
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Honda and GAC to produce electric vehicles in China
- Honda and its Chinese partner GAC will build a plant for the production of electric cars (BEV) and rechargeable hybrids (PHEV) through a new joint venture (49% Honda and 51% GAC). The new plant will be able to produce up to 170,000 vehicles per year from 2020 onwards. Vehicles manufactured under this agreement are expected to be marketed under the Trumpchi brand, a brand that GAC has been using for its own models for several years.
- This agreement is in response to the quotas imposed by the Chinese government on manufacturers based in China who allocate a minimum of 10% of electric vehicles in 2019 to each local manufacturer.
- GAC is Honda's second largest partner in China, with 642,000 badged Honda models coming out of its plants in 2017 out of a total of 1,443,000 Honda models manufactured last year in China. In addition, GAC manufactured 512,000 Trumpchi models and 212,000 models of other brands last year.
- Theoretically, according to the quotas imposed by the Chinese government, GAC should therefore manufacture more than 150,000 electric vehicles in 2019, under several brands. GAC had already negotiated an agreement with Toyota in the first half of 2018 to manufacture low cost electric vehicles. Until then, GAC had never worked with Toyota.
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続きを読む... Honda and GAC to produce electric vehicles in China
Aston-Martin has a new assembly plant in Wales
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Aston-Martin has a new assembly plant in Wales
- The English sports car brand Aston-Martin has had up to now only one factory, located in Gaydon in Warwickshire (England). Scheduled before the Brexit vote, the construction of a new Aston Martin plant in St. Athan, Wales, is almost finished. It should open in 2019.
- This new plant will be the production pole for the electric vehicles that will be proposed by the British manufacturer in the coming years. The all-new Rapide E sedan will be put into production next year.
- Starting 2021, the site will also produce the future electric models that will be marketed under the Aston-Martin and Lagonda brands.
- In 2017, Aston-Martin has delivered more than 5,000 cars worldwide (+ 58% compared to 2016). This success is due to rising demand in Europe (2,376 units including 1,471 in the United Kingdom, 380 in Germany and 215 in Switzerland), the United States (684 units), Japan (321 units) and China (205 units).
- The current lineup includes Vantage, DB11, Vanquish coupes, DB11 and Vanquish cabriolets and the Rapide sedan. The Vantage have V8 engines, while the DB11, Vanquish and Rapide have V12 engines. The V12-powered Valkyrie supercar has just been unveiled. There will be only about one hundred Valkyries produced yearly.
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Inovev forecasts production of 75,000 VW T-Cross per year
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Inovev forecasts production of 75,000 VW T-Cross per year
- Volkswagen unveiled its new B-segment SUV, the T-Cross. This model is below the Volkswagen T-Roc and Audi Q2in the SUV range of the German group, and at the same level as the Seat Arona and the future B-segment Skoda.
- The T-Cross B-segment SUV rivals models such as the Renault Captur, Nissan Juke, Peugeot 2008, Citroen C3 Aircross, DS 3 Crossback, Opel Mokka, Opel Crossland, Ford Ecosport, Fiat 500X, Jeep Renegade, Hyundai Kona and Kia Stonic.
- The T-Cross is built on the MQB-A0 platform of the VW Polo and Seat Ibiza, and not the MQB-B platform of the VW Golf, VW T-Roc, VW Tiguan, Audi A3, Audi Q2, Audi Q3, Seat Leon, Seat Ateca, Tarraco Seat, Skoda Octavia, Skoda Superb, Skoda Karoq, and Skoda Kodiaq.
- The T-Cross will be manufactured on the same site as the Polo, namely the VW factory in Pamplona Spain. The new Volkswagen SUV is 4.10m long (5cm more than the Polo), 1.84m wide (9cm more than the Polo), 1.56m high (10cm more than the Polo). Curiously, it is a little wider and a little higher than the T-Roc.
- The T-Cross is equipped with a petrol engine (the 3-cylinder 1.0 95hp and 115hp mounted on the Polo) and a diesel engine (the 4-cylinder 1.6 95hp mounted on the Polo).
- Inovev expects production of 75,000 T Cross per year on the Pamplona site.
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続きを読む... Inovev forecasts production of 75,000 VW T-Cross per year
Russia has a new luxury brand: Aurus
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Russia has a new luxury brand: Aurus
- In the past, Russia had a luxury automobile brand (ZIL) which sold its models mainly to the political dignitaries and the higher administration of the Soviet regime. This brand, which was also a manufacturer of trucks, ceased the manufacture of its limousines in 2012. Since that date, the Russian top administration makes do with cars imported from Europe, such as Mercedes S-Class, Audi A8 or BMW 7 Series.
- President Vladimir Putin, who wants to restore the Russian automobile industry's luster, encouraged manufacturers to design a new national luxury sedan. The Aurus is manufactured by the Russian company Sollers, previously specialized in the assembly of Ford and Mazda vehicles, as well as in the production of UAZ utilities.
- The Aurus is positioned as a competitor of luxury brands such as Bentley or Rolls-Royce. But the car’s first objective is to be a national symbol, showcasing the know-how of Russia.
- Aurus hopes to persuade wealthy Russian consumers to turn away from Western brands. Russian Minister of Commerce Denis Mantourov unveiled the first two models in the range at the Moscow Motor Show : the Senat limousine and a sedan also named Senat. An SUV should follow next year.
- Prices for Aurus models should be positioned between those of Mercedes and Rolls-Royce.
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