After a rather unexpected double digit gain in January, sales of domestic passenger cars in China are down 8,4% in February. However, the explanation for these swings is that the Chinese New Year celebrations fell in February this year, while last year they fell mostly in January (Jan. 27 – Feb. 2), which means fewer business days in February 2018. Compared to 2016, when the celebrations were in the second month as well, 2018 sales are up 10%. Combined sales figures for the first two months are still up 3,2% which is actually still above expectations, as the Chinese car market was expected to slightly decline in the early stages of this year. The Seasonally Adjusted Annualized selling Rate in February is up to 25,28 million, up 400.000 on January. which is down by 1 million on January 2017 at 24,74 million. [Read more…]
Geely and its competition
Geely competes in China’s “mass” or “mid-tier”; market, meaning the company is mostly competing for car buyers that are part of China’s enormous middle class. Geely’s main competitors are Chinese companies that manufacture their cars in China, and primarily sell their cars in China.
While the Geely brand is positioned to appeal to buyers that are looking for both affordability and quality; other brands or subsidiaries owned by Geely compete in different market segments. Geely’s subsidiary Volvo competes in the luxury car segment, and Lynk & Co. (a recently launched brand by Geely-Volvo) is positioned between the mass market and the luxury market.
The Geneva Auto Show is one of the most important in the world, together with Detroit and Shanghai. Every year the Palexpo exhibition halls are jam-packed with exciting new launches from both the familiar mass-market brands and the obscure one-off garage-at-home builders. In terms of new production cars, Geneva never disappoints with more than a handful of all-new cars ready to hit showrooms in the coming months. After walking around on the show floor for two days, carefully observing, inquisitively test-sitting and numbing our ears with the broken record of marketing jargon, we’ve reached a verdict on what’s hot and what’s not.
In addition to the regular poll asking the “which is your favorite?” question, we also thought we’d ask you a slightly different question, more in the spirit of CarSalesBase – “which new car do you expect to deliver the biggest sales improvement on its previous generation?”. Enjoy! [Read more…]
After looking at the January 2018 car brand sales in Europe, let’s take a closer look at individual model sales figures. The Volkswagen Golf remains on top of the ranking but is also the fastest growing nameplate in the top-8 with a gain of 14,4% on a weak score a year ago when its facelifted version was not yet in showrooms. Still, this is the best [Read more…]
European sales of passenger cars in January increased 6,5% in January 2018 to 1,27 million, which marks the fourth consecutive year of January sales growth, with sales up 40% on the 908.000 sales in January 2013. As sales of car models (hatchbacks, sedans, staton wagons, coupes and convertibles) were stable at +2%, MPVs continued thier sharp decline as crossovers and SUVs are taking over the European streets. MPVs declined 19% to just 7,7% of the market (a new low) while crossovers increased 24% to take 34% of the market, a new high as their share was below 30% for the 2017 full year.
The model’s optional 292 mile range underlines the progress made by EVs in the past seven years
Earlier this week Hyundai took the wraps off the new Kona EV to pretty universal applause. But while there is plenty to like about the EV version’s sleek futuristic take on the non-EV Kona’s funky looks, or about the improved interior, it’s the new model’s range that is its main draw. Modeling itself on Tesla’s and Nissan’s strategy, the EV Kona will be [Read more…]
The past few years have seen a re-emergence of a long-dormant trend – for mainstream brands to launch dedicated sub-brands. The most recent example of this trend is Seat’s new Cupra sub-brand, which is heading to Geneva with the Cupra Ateca, a Seat Ateca with the Volkswagen Golf R’s 4wd drivetrain, and the Cupra Ibiza Concept, [Read more…]