Growth in the new car market fuels growth in the used car market
- 说明
Growth in the new car market fuels growth in the used car market
- The growth of the new market is fueling the growth of the second-hand market. Indeed, if we look at the evolution of the domestic new car market in the five main European markets, between 2006 and 2016, it should be noted that the increase in sales of new cars in these five markets is not at the expense of sales of used cars, but rather that it favors the sales of used cars. Thus, the recovery of European markets from 2012-2014 has been accompanied in parallel by robust growth in sales of second-hand cars .
- Were sold in 2016:
1 / In Germany: 7.4 million used cars for 3.35 million new cars (rate: 2.2).
2 / In England: 8.2 million used cars for 2.7 million new cars (rate: 3.0).
3 / In France: 5.7 million used cars for 2.0 million new cars (rate: 2.85).
4 / In Italy: 3.5 million used cars for 1.8 million new cars (rate: 1.95).
5 / In Spain: 1.9 million used cars for 1.15 million new cars (rate: 1.65).
- England, therefore, ranks among the five largest European markets in terms of the highest / highest rate, ahead of France and Germany. Italy and Spain have the lowest rates.
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Inovev predicts 300,000 VW Polo produced per year in Europe
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Inovev predicts 300,000 VW Polo produced per year in Europe
- The Volkswagen Group has unveiled the sixth generation of the VW Polo, although the previous one had a production peak in 2016. This B segment model has become one of the best-selling models in Europe. In 2016, VW Polo finished second in the market (with 286,000 sales), behind the VW Golf (455,000 sales) and ahead of the Renault Clio (283,000), Ford Fiesta (278,000) and Opel Corsa (247,000). All the Polos sold in Europe are made in VW’s Spanish factory in Pamplona, which produced just over 320,000 cars last year.
- Polo is also produced in China (178,000 units in 2016) for the Chinese market, Russia (48,000 units in 2016) for the Russian market and India (52,000 units in 2016) for the Indian market. In total, 601,000 Polo were produced worldwide last year, making it the most produced B segment model.
- The new Polo, based on the MQB-A0 platform (used by the recent Seat Ibiza), will try to retain this leadership. Inovev expects a production of 300,000 Polo in Pamplona in full year, slightly lower than the current model because the new B segment Volkswagen SUV should capture some potential Polo customers.
- The engines of the new Polo are the following: 1.0 gasoline 65hp, 1. 0 gasoline turbo 95hp and 115hp, 1.5 gasoline turbo 148hp, 2.0 gasoline turbo 197hp and 1.6 diesel 80hp and 95hp. The 1.4 diesel 75hp and 90hp have been discontinued.
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What is the share of rechargeable hybrids for each available model ?
- 说明
What is the share of rechargeable hybrids for each available model ?
- Inovev calculated the share of models sold in Europe in 2016 in a plug-in hybrid version, for those available in both a plug-in hybrid and a 100% thermal version.
- Inovev thus listed 20 models that were available in Europe in 2016 with at least these two types of engines.
- The share of sales of plug-in hybrids for these 20 models varies from 1% for the Mercedes E-Class (the mid-year plug-in hybrid version) to 56% for the Mitsubishi Outlander, the most “hybridised“ vehicle . The average for all of these twenty models is 6%.
- Models that have a share of rechargeable hybrid sales greater than 6% are Volvo XC90 (28%), Porsche Panamera (19%), Porsche Cayenne (17%), BMW X5 (15%), Volvo S60/V60 (8%), Kia Optima (8%), VW Passat (7%) and BMW 7 Series (7%). This shows that hybridization is strong on high-end models and particularly on high-end SUVs (XC90, Cayenne, X5, Q7). It is in this segment that the bulk of the customer base of the rechargeable hybrids is located.
- Inovev accounted for a total of 107,000 plug-in hybrids in Europe in 2016, for models available in 100% thermal version, plus 6,000 sales of plug-in hybrids available only with this type of engine or with a non-rechargeable hybrid version (mainly Toyota Prius).
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Argentine market (PC+LCV) has picked up long before the Brazilian market
- 说明
Argentine market (PC+LCV) has picked up long before the Brazilian market
- The Argentine automotive market (VP + LUV) has always been the second largest market in South America after Brazil. It can be observed that the Argentine market has re-started a year and a half before the Brazilian market. While the Brazilian market has picked up since March 2017, the Argentine market had started again in September 2015, and the trend had intensified in 2016 and even more so in 2017 (+ 31.5% over the first six months).
- If the current pace continues, the Argentinian market could increase by 30% for the whole year, which could place this market at close to 900 000 units (PC+ LCV) against 680 000 units in 2016 and 630 000 In 2015.
- Which brands benefited most from the vigorous revival of the Argentine market during the first five months of 2017?
- In percentage terms, Jeep ‘s sales increased by 226%, Honda's sales increased by 112%, Mercedes’ sales increased by 79%, Nissan’s by 76%, Renault’s by 56%, Ford ‘s by 45% and Volkswagen‘s by 34%. These brands grew faster than the Argentinian market as a whole.
- In terms of volume, Renault (16,500 units), Volkswagen (15,500 units) and Ford (14,500 units) recorded the strongest growth. Volkswagen remains by far the market leader in Argentina.
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Russian market grows 6,9% over the first 6 months of 2017
- 说明
Russian market grows 6,9% over the first 6 months of 2017
- The Russian market recorded its fourth consecutive month of growth in June 2017 (+ 13.8%) and in the first six months of the year, the increase reached 6.9%, a figure in line with Inovev forecasts for the year (+ 5%), announced six months ago, while the Russian market continued to decline.
- After four years of uninterrupted decline, the Russian market seems to be firmly starting again, since the increases recorded in recent months are by no means negligible.
- The month of May 2017 had thus enabled the Russian market to record its first double-digit monthly growth for many years and the month of June confirmed this trend. If this growth were to continue, the Russian market could increase by 10% rather than 5% for the whole year , which would bring it to around 1.6 million units, the level reached in 2015.
- However, the Russian market reached almost 3 million units in 2008 and almost 3 million units in 2012, so it will still take time to regain such levels ... The increase over all six of the first months of the year is due in part to the help of the Russian government which has supported the car market through scrappage incentives and credit aid that it intends to pursue in the coming months.
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