Inovev forecasts 650,000 units per year of the new Honda Civic
- 说明
Inovev forecasts 650,000 units per year of the new Honda Civic
- Honda decided to replace in 2021 its C-segment sedan, the Civic, after only five years of marketing, as it had been launched in September 2016. The Japanese carmaker is used to a fast replacement of its models, in particular the Civic which is in its eleventh generation since 1972, which makes a renewal every four and a half years.
- This model traditionally has an international vocation as it is marketed as well in Japan as in China, in Europe or in the United States, and it will be for the first time only available in full hybrid version (HEV), like the Jazz, CRV and HRV.
- Like all the other carmakers, Honda intends to electrify its entire range of vehicles, but this electrification goes for the Japanese carmaker through the “mild hybrid” and the “full hybrid” but not yet by the “Plug-In hybrid” (PHEV) and very little by the battery electric as only one Honda model is now available with this technology (Honda E).
- The new Honda Civic will be marketed worldwide from September 2021, and it will be the first to no longer be produced in Europe since the Swindon plant that produced it for European demand closed in July 2021. The Honda Civic sold in Europe will therefore be imported from a non-European plant. Inovev forecasts a production volume of 650,000 units per year of the new Honda Civic (compared to 620,000 in 2020) which will continue to be produced in China, Canada, the USA and Brazil.
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阅读全文... Inovev forecasts 650,000 units per year of the new Honda Civic
Worldwide registrations of light vehicles over the first five months of 2021
- 说明
Worldwide registrations of light vehicles over the first five months of 2021
- Global light vehicle (PC + LUV) registrations for the first five months of 2021 point to an increase of 33.3% compared to the first five months of 2020 but a decrease of 5.1% compared to the first five months of 2019. The comparison with 2019 is more significant because the year 2020 was strongly disrupted by the Covid-19 crisis, which resulted in the closure of automobile factories and dealerships.
- This 5.1% drop from 2019 could mean that at the end of 2021 we could reach the level of vehicle registrations of 2019. It will however not offset the missed sales in 2020 and the postponement of purchases which were numerous last year. It should be noted that sales of passenger cars (PC) fell by 8% over the first five months of 2021, while sales of light utility vehicles increased by 7.3%, reflecting a clear difference in the demand for these two types of vehicles. It seems that companies that buy light utility vehicles had needs or opportunities to renew vehicles while individuals (or companies) preferred to postpone their projects or extend their leasing contracts.
- Among the major markets, those which managed to do better in 2021 than in 2019 are China (+ 5.9%), Australia (+ 4.6%), Russia (+ 3.6%), the United States (+ 2.6%) and South Korea (+ 2.5%).
- On the other hand, Japan (-8.9%), South Africa (-10.0%), Canada (-13.3%), India (-14.5%), Brazil ( -17.8%), Mexico (-19.5%) and especially Europe (-22.5%) are still very far from the figures recorded in 2019.
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Global automobile production of light vehicles over the first five months of 2021 (2/2)
- 说明
Global automobile production of light vehicles over the first five months of 2021 (2/2)
- Since 2010 (see graph below), the first year post global financial crisis, the global production volume of light vehicles (PC + LUV) had not stopped growing until 2019. The monthly rate of seasonality was respected - very high March and September and very low August. From a monthly rate of 6 to 7 million units from 2010 to 2013 then from 7 to 8 million from 2013 to 2016, then finally from 7 to 9 million from 2016 to 2019, the monthly rate fell to 7 million then 5 million in 2020, at the start of the Covid-19 crisis, then 3 million at the height of the crisis. Since then, the global rate has risen to 6-8 million per month, but we are still quite far from the rate from 2016 to 2019.
- The ranking by carmakers over 4 months (the results over 5 months are not yet known) shows some changes. The biggest change is the decline of the GM group (ex-world leading group) which falls to sixth place, behind Stellantis and Hyundai-Kia. The Ford group is moving away from the Honda group which it was ahead of three years ago and which it largely overpassed before 2018.
- The Suzuki group is making a comeback, making a significant gap with its pursuers Mercedes (ex-Daimler) and BMW, thanks to the revamp of the Indian market in which it is a leader. A revamp that also benefits to Tata Motors which returns in 2021 in the Top 15.
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阅读全文... Global automobile production of light vehicles over the first five months of 2021 (2/2)
Global automobile production of light vehicles over the first five months of 2021 (1/2)
- 说明
Global automobile production of light vehicles over the first five months of 2021 (1/2)
- The volume of global production of light vehicles (PCs + LUVs) over the first five months of 2021 shows an increase of 35.5% compared to the first five months of 2020 but a decrease of 12% compared to the first five months of 2019. The comparison with 2019 is more significant because the year 2020 was strongly disrupted by the Covid-19 crisis which resulted in the closure of automobile factories and dealerships.
- This drop of 12% compared to 2019 is greater than that for registrations (-5.1%), proving that stocks continue to decrease in 2021, like in 2020. To avoid excessively long delivery times, some carmakers drive part of their customers to recent used vehicles.
- It should be noted that the production of passenger cars (PCs) fell by 14.9% over the first five months of 2021 while the production of light utility vehicles (LUVs) increased by 0.7%, reflecting a clear difference in the demand for these two types of vehicles. LUVs represent 21.7% of global production in 2021, compared to 20.8% in 2020 and 19% in 2019, with SUVs and minivans being integrated into passenger cars.
- China's share of global automotive production continues to increase, rising from 31% over 4 months 2021 to 33% over 5 months 2021. This growth comes at the expense of Europe and Japan.
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BEV and PHEV in Chinese and European markets by segment
- 说明
BEV and PHEV in Chinese and European markets by segment
- The distribution of battery electric (BEV) and plug-in hybrid (PHEV) vehicles is very different in China and in Europe. In 2020, of the 995,397 BEVs sold in China, most of them were from the A-segments (313,487 units, or 31% of the Chinese BEV market) and D-segment (380,945 units, or 38% of the Chinese BEV market), when in Europe, with 726,245 BEVs sold in 2020, most of them were in D-segment (201,642 units, or 28% of the European BEV market) and E-segment (146,009 units, or 20% of the European market of BEVs). The Chinese BEV market is therefore focused on the entry-level (like the WulingHongGuang EV) and on the mid-range, while in Europe it is concentrated on the mid-range and on the upper segment.
- There is therefore an entry-level BEV market that could be targeted in Europe, which is already the case by the Chinese carmakers in their home market. If European carmakers do not work on this market with an offer at the right price, Chinese carmakers may see here an opportunity for development outside their local market.
- Regarding PHEVs, we observe the opposite phenomenon. The entry-level Chinese market does not exist, while Europe accounts for 61% of the PHEV market with segments B and C (389,420 units). The C segment alone represents 33% of PHEV sales in Europe (210,670 units), while in China, 59% of PHEV sales are in the D segment. By adding the E segment, we obtain 75% of the Chinese PHEVs market (209,015 units out of 276,561 total sales). The European PHEV market reached 638,568 units in 2020, or 2.3 times the volume of PHEVs registered in China.
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