Canadian market (PC + LCV) fell 2.6% in 2018
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Canadian market (PC + LCV) fell 2.6% in 2018
- The Canadian automobile market (PC + LCV) fell by 2.6% in 2018 to 1.98 million units against 2.04 million in 2017.
- This market had reached a peak in 2017, following the rebound in the market recorded in 2010 after the fall in sales in 2009 (as in most countries) caused by the 2008 financial crisis, seems to have reached a plateau in 2017 which corresponds to a volume of 2 million units per year.
- It's hard to say if this market will go up or down in the next two years. However, Inovev expects the Canadian market to stagnate at about 2 million units in 2019 and 2020.
- Most manufacturers‘ sales declined in the Canadian market in 2018. The Ford group narrowly maintained its leading position in this market, with a market share of 14.7%, ahead of GM groups (14.3% ), Toyota (11.4%), Fiat-Chrysler (11.1%), Hyundai-Kia (9.9%), Honda (9.6%), Renault-Nissan (7.3%), and Volkswagen (5.8%).
- SUVs accounted for 48% of the Canadian market in 2018 (compared to 44% in 2017) and sedans only 28% (compared to 30% in 2017). Pickups make up 20% of the Canadian market (as in 2017), while minivans are only at 4% of this market (compared to 6% in 2017). Fiat-Chrysler MPVs are gradually disappearing from the Canadian market as from other markets in North America.
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The Mexican market (PC+ LCV) fell by 7.2% in 2018
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The Mexican market (PC+ LCV) fell by 7.2% in 2018
- The Mexican car market (PC + LCV) fell by 7.2% in 2018, to 1.42 million units against 1.53 million in 2017, a record year in the Mexican market.
- The political and commercial tensions between Mexico and the United States surely played in this negative evolution of the Mexican market. However, it is necessary to relativize this decline, since this figure of 1.42 million is the third best of the decade, the low point being in 2010 with a volume of only 0.67 million units.
- Like the Canadian market, has the Mexican market reached a plateau in 2017? Nothing is less certain, because the motorization rate in Mexico is still much lower than that recorded in the United States or Canada.
- Inovev nevertheless expects the Mexican market to fall by around 5% in 2019 bringing the market down to 1.35 million units this year, before returning to normal in the following years.
- Most manufacturers‘ sales declined in the Mexican market in 2018. The Renault-Nissan group nevertheless retains its leading position, with a market share of 24.1%, ahead of GM groups (16.6%), Volkswagen (13.8%), Hyundai-Kia (10.2%), Toyota (7.7%), Honda (6.1%), Fiat-Chrysler (5.2%) and Ford (5.0%) ). SUVs accounted for 29% of the Mexican market in 2018 (versus 27% in 2017) and sedans 57% (compared to 59% in 2017).
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Automobile-FranceSichuanChongqing
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Automobile-FranceSichuanChongqing