After looking at the November 2017 car brand sales in Europe, let’s take a closer look at individual model sales figures. After hitting a historic #1 spot last March, the Ford Fiesta has been off the European podium every month since. Until November, when deliveries of the new generation Fiesta boosted the model back to third place behind the traditional leader Volkswagen Golf and the Renault Clio. The Golf is up for the 5th consecutive month of which its third straight double digit gain after its facelift, while the Clio is down for only the second time this year. [Read more…]
The domestic passenger car market in China edges up by 0,8% in November 2017, to judy over 2.55 million sales, the highest volume of the year so far. With such a slow growth rate and a December ahead of us which showed booming growth rate last year, it will be difficult for the Chinese car market to reach its expected 5% growth rate in 2017. Year-to-date sales for the first 11 months are up 3,07% to 21,64 million and we expect the market to be stable again in December, which would give us a total of 24,24 million sales in 2017, up just 2,7% on 2016 and the slowest growth rate in modern history, down from 17,2% last year. At least we can be almost sure the market will show another record year as sales would have to be downby 25% in December for a full-year decline (or down to its 2015 level, which hasn’t happened a single time so far this year). Last December, consumers were rushing to buy new vehicles before the sales tax increase on vehicles with engine sizes of 1.6 liters and below rose from 5% to 7,5% on January 1st, 2017. A similar effect will be noticeable this year, as the tax will increase to 10% on January 1st, 2018.
Back to November: the only segment to show growth was that of crossovers and SUVs again, which were up by 10% to nearly 1,1 million sales (YTD up 14%), while sedans were down 3,8% to 1.23 million sales (YTD down 1,4%) and MPVs took the biggest hit at -10,3% to 227.000 sales (YTD down 12,5%). Within those sales figures, sales of electric cars and plug-in hybrids (New Energy Vehicles) jumped 83% to 119.000, or 4,7% of the market. Full EVs took the grunt of those sales, rising 75% to 102.000 while PHEVs gained 154% to 17.000 sales. For the first 11 months, EV and plug-in hybrid sales rose 51% to almost 609.000 units, or 2,8% of the total market. The Beijing government has set a target of 6,7% in 2020 and as much as 20% by 2025, helped by a carbon credit scheme that was originally planned to be imposed in 2018 but which has been postponed to 2019. This year, total sales of New Energy Vehicles are expected to top 700.000. [Read more…]
After looking at the October 2017 car brand sales in Europe, let’s take a closer look at individual model sales figures. For the last two months we’ve had a newcomer to the podium, with the Skoda Octavia scoring a best-ever 3rd place in August followed by the Nissan Qashqai jumping to a surprise 2nd place in September, and in October we welcome back the Peugeot 208 on the podium for the first time since May 2013, marking only the 5th time the 208 scores this high. For comparison: its predecessor 207 finished on top of the ranking in 2007 and in 2nd place a year later. The 208 is not far behind its rival Renault Clio and outsells all other subcompact cars this month. Not to discount its performance as sales are up 14,5%, but it also benefits from unusual circumstances at some of its rivals with both the Ford Fiesta (still down 10,4% but back up to #4 now that deliveries of the new generation are picking up traction) and the Volkswagen Polo (-41% to #22) hampered by their generation changes and the Opel/Vauxhall Corsa (-18,3% to #15) hurt by a reduction in fleet deliveries by the brand’s new owner PSA, as well by a decline in overall UK volume. The two French subcompacts trail the market leader Volkswagen Golf which is impressively up by 24%, its fourth straight month of growth (and its second with double digits) after a 14-month losing streak. An impressive rebound considering its facelift has been only minor in terms of cosmetics and the VW Group has added a number of crossovers to its line-up that are expected to cannibalize sales from the regular hatchbacks and station wagons.
Sales of domestic passenger cars in China edges up by half a percent in October 2017, to almost 2.32 million sales, the highest volume of the year so far. With such a slow growth rate and 2 months ahead of us with booming growth rates last year, it will be difficult for the Chinese car market to reach its expected 5% growth rate in 2017. Year-to-date sales for the first 10 months are up 3,34% to just over 19 million. If the pace does not improve for the full year, it would be the slowest growth rate in modern history, and down from 17,2% last year. At least we can be almost sure the market will show another record year as sales would have to be down 12% in the last 2 months for a full-year decline (or down to their 2015 levels, which hasn’t happened a single time so far this year). Back to October: the only segment to show growth was that of crossovers and SUVs again, which were up by 13,5% to 995.600 sales (YTD up 17,3%), while sedans were down 3,9% to 1.116.200 sales (YTD up 1,9%) and MPVs too the biggest hit at -13,2% to 205.600 sales (YTD down 5,7%). Within those sales figures, sales of electric cars and plug-in hybrids jumped 107% to 91.000, or 4% of the market. For the first 10 months, EV and plug-in hybrid sales rose 45% to almost 490.000 units, or 2,6% of the total market. The Beijing government has set a target of 6,7% in 2020 and as much as 20% by 2025, helped by a carbon credit scheme that was originally planned to be imposed in 2018 but which has been postponed to 2019. This year, an estimated 700.000 New Energy Vehicles are expected to be sold.
The Seasonally Adjusted Annualized selling Rate in October stood at 25,8 million, a similar level as last month. The share of domestic automakers in October jumped to 42,8%, up 3 percentage points on September and the highest figure since last March, but still down from 44,2% in October 2016. Sales of domestic brand vehicles across all segments were down 2,7%, compared to a gain of 5,2% for European brands, +5,3% for US brands and +10% for Japanese. In contrast, South-Korean brands continued their losing streak to 10 months as they lost 21,5% in October and 53,1% YTD. [Read more…]
After looking at the September 2017 car brand sales in Europe, let’s look at individual model sales figures. Keep in mind the September ranking is skewed towards models that are relatively popular in the UK, due to the twice annual license plate change that boosts March and September in this market, so the UK takes up about 30% of total European sales this month, compared to about 18% over the course of an entire year. The first thing that you’ll notice at the top of the ranking (and also a result of its success in its home market UK) is the record 2nd place for the Nissan Qashqai, whose previous best ranking was a 5th place which it hit 4 times, including twice this year ( February and July), but in September the Qashqai was the best seller in the UK, Spain and Finland, helping it outsell all subcompacts which usually crowd the podium behind the traditional leader Volkswagen Golf. The Renault Clio is in third place ahead of the Opel/Vauxhall Corsa, whose #4 position is the highest in 12 months for the nameplate, despite losing 22,2% of its volume on last year. The Corsa is suffering mostly from a 41% loss in the UK, which means this market accounts for 88% of its lost sales this month. The Volkswagen Tiguan makes it 2 crossovers in the top-5, while the Ford Focus benefits from the seasonal peak in UK sales where it is relatively strong to jump from 26th place in August to #6 in September. The last time the Focus ranked this high in Europe was June 2015. That leaves the Volkswagen Polo in 7th place as it’s not the #2 VW in Europe for the second consecutive month, something that hadn’t happened before in at least the last 10 years. The Skoda Octavia drops from its record #3 position last month to 8th, while the top-10 is completed by the Peugeot 208 and Toyota Yaris, a third consecutive top-10 finish for the latter. [Read more…]
The Chinese car market continue sits steady growth in September, showing a 3,4% increase to almost 2,3 million sales of passenger cars. This is the fourth consecutive month of single digit increases after years of booming growth. It also builds confidence in the belief that the market will continue its winning streak in 2017 and finish the year in positive territory despite an exceptionally strong last quarter of 2016. That brings the year-to-date total to almost 16,8 million sales, an increase of 3,7% on the same period in 2016. In absolute terms, 2017 is ahead of last year by 600.000 sales, which means the likelihood of yet another new sales record is becoming greater by the passin gmonth. We’d need at least an 8% sales decline in the last quarter to see the first annual decline in a few decades in China. Even considering the exceptionally strong finish of 2016, that seems pretty unlikely, especially taking into account the sales tax on cars with engines of 1,6 liter and smaller will increase again in January, from 7,5% back to its normal rate of 10%, which should pull forward sales of this kind of vehicle to the last quarter. Back to September: the crossovers and SUV trend seems unstoppable with yet another double digit gain: +10% to 971.000 sales, while sedans improve 3,7% to 1,16 million sales and the decline of the MPV segment accelerates to -25% to 165.900 sales. Within those sales figures, electric cars and PHEVs also showed a impressive improvement of 79% in September, to almost 78.000 sales. EVs were responsible for most of that growth, as sales increased 83% to 64.000, compared to a 62% increase for PHEVs, to 14.000. These figures add up to 325.000 EV and 73.000 PHEV sales in China so far this year, an increase of 38% on the first 9 months of 2016 and 2,4% of the overall market. The Beijing government has set a target of 6,7% in 2020 and as much as 20% by 2025, helped by a carbon credit scheme that will be imposed in 2018
The Seasonally Adjusted Annualized selling Rate in August stood at 25,8 million, a similar level as last January, which has been the highest so far this year, and up by 850.000 on August, marking the 6th consecutive month of increased SAAR. The share of domestic automakers in September was 39,8%, the highest figure in the past 3 months and down from 41,8% in September 2016. Sales of domestic brand vehicles across all segments were down 1,5%, compared to a gain of just 2% for US brands, +12% for Japanese brands and +15% for European brands. In contrast, South-Korean brands are down for the 9th month this year, by 23%.
After looking at the August 2017 car brand sales in Europe, let’s zoom in on individual model sales figures. The major thing to notice in the top-3 is the arrival of the Skoda Octavia behind the usual suspects VW Golf and Renault Clio. If last month the Octavia set a new personal best ranking with a 4th place, it immediately breaks that record in August, landing on the European podium for the first time since the nameplate’s was launched in 1996. The facelift with the double headlights must really have struck a chord with European buyers. In fourth place, the Volkswagen Tiguan equals the record ranking it also hit last April, and it’s Europe’s best selling crossover for the third time this year after April and January, and for the sixth time ever, after August, October and November of 2016. But wait, there’s one more record breaker in the top-5: the Dacia Sandero climbs two more spots on the personal best it set last month and is in the European top-5 for the first time ever. This also makes it a Renault-Dacia 1-2 in the subcompact car segment, as the Sandero outsells overall top-5 regulars like the Volkswagen Polo (#6), Opel/Vauxhall Corsa (#8) and Ford Fiesta (down to a record low of 32nd place), as well as other rivals like the Peugeot 208 (#9) and Toyota Yaris (#10). Granted, the Polo and Fiesta suffer from model change-overs and the Corsa is getting a bit long in the tooth, but that still doesn’t really discount the Sandero’s top performance with a gain of 23,3%. [Read more…]
The Chinese car market grows for the third consecutive month in August 2017, with a 6,5% increase to 1,87 million sales. That brings the year-to-date total to almost 14,5 million sales, an increase of 3,7% on the same period in 2016. Looking at the final four months of last year, they were exceptionally good in terms of sales volume due to the pending reduction of the tax cut on small vehicles (engines of less than 1,6 liters). The tax, which was temporarily halved to 5%, increased to 7,5% on Jan. 1st 2017 and will return to its normal rate of 10% on Jan. 1st 2018. This may give the Chinese car market another boost in the final few months of this year, but will it be enough to keep the market from decreasing for the first time in a couple of decades? The year-end rally in 2016 pulled forward a lot of sales, which translated in a slow start of 2017 and that may be difficult to make up in the final few months of the year. Back to August: crossovers and SUVs continue their boom with an 18% increase to 760.700 sales, but for only the second time this year, after February, sedan sales also improved, up 4% to 954.800 units. The MPV segment remains weak with a decline of 19% to 155.200 sales. Within those sales figures, electric cars and PHEVs also showed a impressive improvement of 76% in August, to almost 68.000 sales. EVs were responsible for most of that growth, as sales increased 96% to 56.000, compared to a 22% increase for PHEVs, to 12.000. These figures add up to 260.000 EV and 59.000 PHEV sales in China so far this year, an increase of 30% on the first 8 months of 2016 and 2,2% of the overall market. The Beijing government has set a target of 6,7% in 2020 and as much as 20% by 2025, helped by a carbon credit scheme that will be imposed in 2018.
The Seasonally Adjusted Annualized selling Rate in August stood at 24,9 million, the highest since last January and up almost a million on July. The share of domestic automakers in August was 38,5%, the lowest figure in the past 13 months and down from 39,15% in August 2016. However, it’s worth noting that the share of domestic brands in the crossover segment is an impressive 56%. Despite their success in this hot segment, sales of domestic brand vehicles across all segments trailed the market growth at +4,7%, though still beat the US brands at +2,8% and the South-Korean brands at -27,2%, their lowest rate of decline since last February. With European brands up 8,7%, most of the growth in China came from Japanese brands at +25,3%.
After looking at the July 2017 car brand ranking in Europe, let’s discuss sales figures of individual models. Like in May, Volkswagen places 2 models on top, with the Polo in run-out mode to prepare for the new model that will arrive in showrooms shortly. With places 4 through 7 all within a margin of just 600 sales, we find a surprise in fourth place, as the facelifted Skoda Octavia improves its ranking record. Its previous best was a 5th place achieved in Oktober 2013 and August 2015. The Nissan Qashqai ranks 5th for the second time this year and frankly outsells its closest challenger Volkswagen Tiguan, which is out of the top-10 for the second month in a row and only 1.100 sales ahead of the Peugeot 3008, the fastest growing nameplate in the top-75. As the Opel/Vauxhall Corsa is suffering from its advanced age compared to much fresher rivals, it is down to 6th place of its segment, behind even the Dacia Sandero and Toyota Yaris. The latter of these two is the biggest winner in the top-10 with a gain of 15% thanks to its facelift. The Corsa is also challenged by its new stablemate Citroën C3 in 13th place. [Read more…]
After two months of slumping sales in April and May, the Chinese car market recovers with two months of increases in June and July. July sales are up 5,4% on 2016 and a whopping 30,8% on July 2015, which was especially depressed when the Chinese stock market crashed, before the Beijing government stepped in with their tax reduction on vehicles with small engines. A total of 1,65 million new passenger cars were sold last month, naturally a new record for July sales in China. The year-to-date total now stands at 12,59 million sales, an increase of 3,4% on the first seven months of 2016. The Seasonally Adjusted Annualized selling Rate stands at 24 million in July, the highest figure since January. SUVs and crossovers are once again the main (and only) winners in April with sales up 18% to 689.500 units, while sedans decline for the fourth consecutive month at -0,3% to 824.900 sales and MPV sales continue to plunge at -11% to 136.500. New Energy vehicle sales improved 55% to 57.000 units, as EV sales gained 70% to 45.000 units and PHEVs rebounded for the second straight month at +16% to 12.000 sales. Year-to-date, EV and PHEV sales in China are up 22% to 251.000 sales, of which 204.000 EVs (up 34%) and 47.000 PHEVs (down 13%). Sales of domestic automakers were up 9,5% and their share is up from 38% to 39,5%, although that is the lowest share since last January. Japanese brand cars are up 16,3%, sales of US brand cars are up 3,9% and of European brand cars are up 0,9%, while sales of South-Korean brand cars are down 46,7%.