Mexican market up 10.8% over the first 9 months of 2017
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Mexican market up 10.8% over the first 9 months of 2017
- The Mexican market (PC + LCV) fell by 4.2% in September 2017, and this is the first time in several years that there has been a monthly decline in this market, even if it is minimal. However, since last spring, the Mexican market has been slowing down sharply (see chart).
- Is this market going towards a growth crisis? This is the question we can ask, because this market doubled in volume between 2009 and 2016, from 0.75 million to 1.45 million units over the period.
- Market growth over 2017 as a whole will depend on the last three months of the year. Admittedly, over the cumulative 9 months of 2017, the Mexican market is still up 10.8%, to 1.1 million units, but this growth may be annihilated if the months of October, November and December follow the trend of July, August and September. Therefore, the volume of the Mexican market can not be accurately estimated, but it should be between 1.5 million and 1.55 million units, according to Inovev, which would set a new record.
- The particularity of the Mexican market is that the proportion of light trucks in sales has increased significantly in recent years, from 25% of registrations in 2016 to 35% in 2017.
- Three groups make up 58% of the market in 2017: Renault-Nissan (26%), GM (16%) and Volkswagen (16%).
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阅读全文... Mexican market up 10.8% over the first 9 months of 2017
Australian market down 0.9% in the first nine months of 2017
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Australian market down 0.9% in the first nine months of 2017
- The Australian market (PC + LCV) fell by 9% in September 2017, which is the worst monthly figure in several years and confirms a gradual slowdown in this market after a rather satisfactory year 2016 (+ 2%). On the 2017 9-month total, the Australian market fell 0.9% to 879,000 units. At the current rate, it could fall to 1.1 million units throughout the year, against 1.178 million in 2016 and 1.155 million in 2015.
- The Australian market is one of the few markets whose structure has changed dramatically, with supply coming in part from local factories now being replaced by imports alone. This restructuring is the consequence of the successive closures of the local factories (Mitsubishi, Ford, Toyota, Holden) announced by the manufacturers since several years, and whose implementation ends this year.
- What is the current composition of the Australian market? Japanese manufacturers are widely represented, with 53% of the market, including 17% for Toyota, 10% for Mazda, 6% for Mitsubishi, 6% for Nissan, 4% for Subaru, 3% for Honda, 3% for Isuzu, 2 % for Suzuki. These manufacturers mainly export from Japan.
- European manufacturers make up 18% of the Australian market, Americans 16% and Koreans 13%.
- Passenger cars make up 78% of the Australian market and light commercial vehicles 22%.
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阅读全文... Australian market down 0.9% in the first nine months of 2017
Argentinian market up 29.9% over the first nine months of 2017
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Argentinian market up 29.9% over the first nine months of 2017
- The Argentinian market (PC + LCV) increased by 14.4% in September 2017, confirming a slowdown in the growth of this market observed since the beginning of the year (see chart). On the 2017 9 months total, the Argentinian market increased by 29.9% to 675,000 units, whereas it increased by only 7.7% in 2016 compared to 2015.
- At the current rate, the Argentinian market could reach 785,000 units for the whole of 2017, which represents an increase of 15% compared to 2016. But it will still take time to reach the record of 2013 ( 945,000 registrations).
- Compared to the Brazilian market, to which it remains closely linked (particularly in terms of the economic situation of the entire region, of imports and exports, and, of course, of its proximity), the Argentinian market has returned to a growth situation since 2016, whereas the Brazilian market (three times bigger) restarted only in 2017.
- Another difference between the two South American markets: while the Brazilian market consists of 17 to 18% of light commercial vehicles, this share reaches 23% for the Argentine market (mainly pick-ups).
- Four brands occupy 56% of the market in 2017: Volkswagen (16%), Chevrolet (14%), Renault (13%) and Ford (13%). Compared to the Brazilian market, Renault supplants Fiat in the Argentinian market.
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阅读全文... Argentinian market up 29.9% over the first nine months of 2017
Brazilian market up 7.4% over the first nine months of 2017
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Brazilian market up 7.4% over the first nine months of 2017
- The Brazilian market (PC + LCV) increased by 24.5% in September 2017, the best monthly figure recorded this year, and confirms the rebound of this market after four years of uninterrupted decline. On the 2017 9-month total, the Brazilian market grew by 7.4% to 1.62 million units, while it decreased by 20% in 2016, 26.5% in 2015 and 6, 5% in 2014. Indeed, between 2012 and 2016, this market had fallen by almost half.
- Confidence is returning little by little, after a long period of political instability. Today, political stability seems to be recovering.
- The signs of a forthcoming restart of the market were also observed in the second half of 2016 (see chart). At the current pace, the Brazilian market could reach 2.25 million units over the whole of 2017, which represents a 10% increase compared to 2016. The road will therefore be still long before reaching the figures for 2011 (3.6 million) and 2012 (3.8 million).
- Government incentives that encourage manufacturers to establish a long-term presence in Brazil, replacing imports, will play a full role when the market rises, since the Brazilian market has never been as open as it is today. 25 locally-producing brands compete against each other, compared to 17 in 2012. Four brands occupy 52% of the market in 2017: Chevrolet (17%), Fiat (13%), Volkswagen (13%) and Ford (9%).
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阅读全文... Brazilian market up 7.4% over the first nine months of 2017
Canadian market up 5.5% in the first nine months of 2017
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Canadian market up 5.5% in the first nine months of 2017
- The Canadian market (PC + LCV) increased by 7.7% in September 2017, a figure that confirms , like the US market, the continued growth of this market since 2009.
- On the 2017 9-month total, the Canadian market grew by 5.5% to 1.59 million units, of which 68% were light trucks (pick-ups, SUVs, minivans) and 32% were passenger cars.
- The proportion of light trucks in sales in Canada has increased steadily since 2009, for example, the proportion was 65% of light trucks and 35% of private cars in 2016.
- The share of light trucks in Canada has even exceeded that seen today in registrations in the United States, which is 64% in 2017 against 60% in 2016. Canada has thus become one of the world’s strongest markets in light trucks.
- As for the overall Canadian market , at the current pace, it could reach 2,065 million units over the whole of 2017, which would set a new record, this market having never reached or exceeded the bar of two million units. It stood at 1.95 million units in 2016.
- Four groups occupy 53% of the market in 2017: Ford (15%), GM (14%), Fiat-Chrysler (13%) and Toyota (11%). These four manufacturers also produce locally.
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阅读全文... Canadian market up 5.5% in the first nine months of 2017