After the Chinese government exposed a large-scale fraude with its subsidies for New Energy Vehicles, Beijing has now developed and proposed two new system to stimulate manufacturers to produce and sell EVs and PHEVs in the world’s largest car market. China surpassed the US as the largest market for electric cars in 2015 and has set a target of 3 million new-energy vehicle sales by 2025. To encourage manufacturers to step into this market, central and local governments have already spent 15 billion yuan (€ 2 billion / US$ 2.25 billion) on subsidies since 2009, but plans to phase them out after 2020. The carrot will be replaced by a stick: the first proposal features a carbon credit scheme which should be introduced in the next two years, with strict enforcement from 2018. A second proposal puts a cap on average fleet fuel consumption, with extra credits for New Energy Vehicles. To enforce this limit, this new scheme will require any automaker to sell EVs and PHEVs in China if they want to keep selling gasoline-powered cars in the country, similar to California’s system. This means foreign automakers, for whom the subsidies provided too little incentive to launch electrified cars in China until now, will have to get into the New Energy Vehicle market as well. [Read more…]
Archives for October 2016
Just a quick update to let you know we’ve added more detailed sales figures for the US market this week!
For the following models we’ve found detailed monthly and annual US sales data and will update them every month from now on:
When the new Jeep Compass made its debut it was immediately clear it was a handsome little beast. It design managed to successfully shrink the best design cues from its larger brother, the Grand Cherokee, (aggressive and instantly-recognizable front, squared-off wheel-arches, elegant proportions), while at the same time incorporating a little extra “something” with its optional “floating roof” and the chrome strip that delineates it. But it was the bottom line of the side windows that caught my eye – I was sure I had seen it somewhere before!
US car sales were 1,434,178 in September, the lowest number since February due to typical seasonal fluctuations, and also 0.7 percent lower than in September 2015. This second consecutive month of declining sales means that sales to date in 2016 are now only 0.3 percent ahead of those in 2015. Right now it’s hard to tell whether 2016 will end up being another record year for the car industry in the US, or whether sales will slip below those in 2015.
After discussing the August 2016 European car brand sales ranking, let’s take a look at how sales of individual models compare. The first thing to notice in the model ranking is that Volkswagen has no less than 4 models in the top-10 for the first time ever, thanks to a record 6th place for the new generation Tiguan, the best selling crossover in Europe for the first time as well. This more than makes up for the double digit losses of the #1 and #2 in the ranking: the Golf and Polo. Another interesting peculiarity worth mentioning is that there are less than 1.000 sales between the #2 and #6 in the ranking, indicating how competitive this month has been. If in May the traditional leader VW Golf was followed by no less than 5 subcompact cars, in August that figure is down to 2, with the VW Polo and Ford Fiesta being followed by the Opel/Vauxhall Astra, Skoda Octavia and VW Tiguan, which all outsell the Peugeot 208, Opel/Vauxhall Corsa and Renault Clio. Especially the latter has a month to quickly forget, with sales down 30% and its lowest ranking in 4 years, while the Octavia easily hits its highest ranking of the year. [Read more…]
The European car market started the second half of 2016 on a negative note when a 34-month winning streak came to an abrupt end in July, but we’re back into positive territory in August. This is traditionally the weakest month of the year in volume terms because of the summer holidays, but sales increased 8,2% on the year before, to 842.696 vehicles. Among the major markets, the Southern European countries led the way again, with Italy (+20,1%) and Spain (+14,6%) showing double digit growth, compared to single digits for Germany (+8,3%), France (+6,7%) and the UK (+3,3%), the latter despite fears that Brexit may cause sales to fall in the second half of the year. The year-to-date figure is pulled up by the strong result in August, we’re now at +7,4% to just over 10 million sales, with only Switzerland and The Netherlands in the red.
Volkswagen Group took a big hit in July but recovers in August, adding the most volume of any manufacturer, followed by Renault-Nissan and Daimler AG, while Geely (Volvo) loses the most volume during the changeover from the successful V70 to the new S90/V90. Mitsubishi Motors, Fuji Heavy Industries (Subaru) and Aston Martin are the only other manufacturers to lose volume in August. [Read more…]