The Indian market is up 9.1% in the first nine months of 2017
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The Indian market is up 9.1% in the first nine months of 2017
- The Indian market (PC + LCV) increased by 9.1%, with a volume of 3.0 million units in the first nine months of 2017. The increase was even 13.9% in September 2017, which confirms the trend of acceleration observed for several months.
- At this rate, the Indian market could reach 4 million PC + LCV registrations in 2017, up from 3.67 million in 2016, 3 million in 2010 and 1 million in 2004. The Maruti-Suzuki manufacturer alone represents 40% of the Indian market.
- The takeoff of the Indian market dates from the same period as the takeoff of the Chinese market, although it remains smaller in volume (the Chinese market will be closer to 30 million units in 2017), despite a population equivalent in number.
- The middle classes who can acquire new vehicles are much less numerous in India than in China. The car ownership rate is three times lower in India than in China (50 versus 125 cars per 1,000 inhabitants). In addition, most cars sold in India are A and B segment models, while in China they are more C and D segment models. The difference between India and China is therefore major.
- The growth of the Indian market should be sustained in the coming years, even greater than that of the Chinese market, but the difference between the volume of registrations in these two markets will still be significant.
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阅读全文... The Indian market is up 9.1% in the first nine months of 2017
The Chinese market is up 4.8% in the first nine months of 2017
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The Chinese market is up 4.8% in the first nine months of 2017
- The Chinese market (PC + LCV) increased by 4.8% in the first nine months of 2017 with a volume of 20.2 million units.
- This result confirms the trend observed since the beginning of the summer, that is to say a growth of about 5%, much lower than that recorded in 2016 which had been boosted by purchase incentives (reduction of taxes on models less than 1600cc). At this rate, the Chinese market should be between 29 million and 29.5 million registrations throughout the year. This figure will now represent 30% of the world market.
- One must recall that China has 46 national manufacturers plus 15 foreign manufacturers, so sixty one manufacturers in total producing locally. It is the country that has the most automotive manufacturers. The number of manufacturers is expected to decrease over the next five years, to reach a total of about forty manufacturers.
- In 2017, seven manufacturers have more than half of the Chinese market: the Volkswagen group (15%), the GM group (14%), Honda (5%), Changan (5%), Geely (5%), Renault- Nissan (5%) and Toyota (5%). Among these seven manufacturers are two independent Chinese manufacturers (Changan and Geely), two Europeans (Volkswagen and Renault-Nissan), two Japanese (Honda and Toyota) and one American (GM).
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阅读全文... The Chinese market is up 4.8% in the first nine months of 2017
The European market (29 countries) is up 3.6% in the first 9 months of 2017
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The European market (29 countries) is up 3.6% in the first 9 months of 2017
- In the first 9-months of 2017 , the European market (29 countries) rose by 3.6% with a volume of 13.54 million units. However in September 2017, it fell by 2%.
- This decline in September is attributable to the poor scores recorded in the two largest European markets: Germany (-3.3%) and England (-9.3%). England ‘s car market continues to decline since the introduction of new taxes in the first half of 2017, and the first consequences of Brexit are beginning to be felt. In the first 9 months of 2017, England fell by almost 4%. For Germany, the political context may have negatively impacted the automotive market (waiting phenomenon). Over the total of the first 9 months of 2017, however, Germany remains positive (+ 2.2%).
- Overall, the market seems to be slowing in the second half of 2017, as the number of countries with negative sales progression on September is 11 relative to 7 in August, 5 in July and 5 in June.
- Inovev expects a 3.2% increase in the European market (29 countries) in 2017, for a volume of 17.6 million units, compared to 17.1 million in 2016 and 18.7 million in 2007. The estimated volume for 2017 is however the best achieved since the record of 2007. Three manufacturers together make up more than 50% of European registrations: the Volkswagen group (23%), the PSA group (16%) and the Renault-Nissan group (15%).
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阅读全文... The European market (29 countries) is up 3.6% in the first 9 months of 2017
The Japanese market is up 8.8% in the first nine months of 2017
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The Japanese market is up 8.8% in the first nine months of 2017
- The Japanese market (PC + LCV) increased by 8.8% over the first 9 months of 2017. The volume sold over the first 9 months of 2017 was 4.11 million units.
- In September 2017, growth was however less strong (less than 5%), which indicates a slowdown compared to the last six months. This slowdown in growth could be accentuated in the last quarter of 2017. This trend, which has started since the end of the summer, has been disappointing since the fourth quarter of 2016, the Japanese market had restarted well, following the declines recorded in 2015 and 2016 (first three quarters).
- As Inovev has maintained for several years now, the Japanese market will not be able to return to its highest levels, because of a high rate of car ownership, a saturated automotive park , the aging of the population and the lack of interest of the younger generations for this type of mobility. Honda recently corroborated these forecasts, stating that the Japanese market could not increase in the medium and long term, and that this is one of the reasons that prompted it to close its historic Sayama factory, where it had begun the Honda adventure in the 60s.
- The year 2017 should therefore end with a volume of registrations in the order of 5.3 million units relative to 5 million in 2016, but 5.4 million in 2014, 5.9 million in 2005 and 6 million in 2000.
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阅读全文... The Japanese market is up 8.8% in the first nine months of 2017
The Russian market is up 10.6% in the first 9 months of 2017
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The Russian market is up 10.6% in the first 9 months of 2017
- The Russian market (PC + LCV) rose by 10.6% over the first 9 months of 2017 total, with a volume of 1.13 million units. This recovery ends four years of uninterrupted decline, from 2013 to 2016. The clientele seems to have regained confidence, with the decline in economic sanctions against Russia and the tax incentives issued by the Russian government that allows certain customers to make auto purchases after several years of waiting.
- The Russian market could finish the year 2017 with a volume of 1.6 million vehicles, compared to 1.42 million units in 2016 and 1.6 million units in 2015. It would therefore return to its 2015 level but would still be far from the figures for 2012 (2.93 million units) or 2008 (2.85 million units).
- The year 2017 is characterized by a transfer of customers to the models produced locally, since this year the vehicles purchased and produced in Russia make up 84% of registrations, against 79% in 2016 and 66% in 2012. As a result, imports have dropped a lot. They went from 1 million units in 2012, to 300,000 in 2016 and probably 200,000 in 2017, a fall of 80% in six years. This is the result of the Russian government's policy of producing vehicles sold in Russia locally, including switching from SKD production (Semi Knock Down) to CKD (Complete Knock Down).
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阅读全文... The Russian market is up 10.6% in the first 9 months of 2017