Decoupling Emerging Markets: Is There Anywhere to Hide from the Crisis? Tim Armstrong Managing Director Global Automotive Forecast Operations

Size: px
Start display at page:

Download "Decoupling Emerging Markets: Is There Anywhere to Hide from the Crisis? Tim Armstrong Managing Director Global Automotive Forecast Operations"

Transcription

1 Decoupling Emerging Markets: Is There Anywhere to Hide from the Crisis? Tim Armstrong Managing Director Global Automotive Forecast Operations

2 Outline Overview of emerging markets Focus on Russia India Brazil and Argentina Middle East and Africa South Korea Thailand Malaysia Summary Some Themes Future light vehicle demand and production in emerging markets The rise of small cars Production shifts in selected Asian markets

3 Emerging Markets Provide Stability Thousands Light Vehicle Sales Triad BRICs LV Sales Rest of World All Emerging Markets Note: Triad comprises USA, Japan, & W.Europe

4 Where Is the Decoupling? Difference in % GDP growth In 2009 LV sales will fall by 2.83 times the fall in GDP growth India China -4 USA Japan Russia Germany Brazil Decoupled Zone Bubble size equals Ukraine -14 sales volume in units Iran % Change in LV Sales in 2009

5 Emerging Markets Exposure to Downturn Country Govt. Economic Stimulus Auto Market Stimulus XR Yr end 08 on 07 LCU vs US$ External Trade Exposure Credit Crunch Exposure Automotive Production Adjustment Brazil Small IPI -31% V. Large Large Large Russia Import Duties -20% V. Large V. Large China Massive Large tax incentives +7% V. Large Small Small India Excise tax -23% Large Japan V Large Eco Tax & Scrapping +19% V. Large V. Large Korea Excise Tax -35% V. Large V. Large Australia Green Car Fund -26% Small Thailand None -3% V Large Philippines Small None -15% Small Taiwan Small Excise Tax -1% Large Indonesia Small None -16% Large Malaysia Large Scrapping -5% Large

6 Selected Emerging Markets: Change in LV Sales Africa Asia E. Europe M. East S. America % 30% 20% 10% 0% -10% -20% -30% -40% -50% -60% BRAZIL ARGENTINA MEXICO UAE SAUDI ARABIA IRAN UKRAINE TURKEY SLOVAKIA RUSSIA ROMANIA POLAND HUNGARY CZECH REPUBLIC BELARUS THAILAND TAIWAN SOUTH KOREA MALAYSIA INDONESIA INDIA CHINA SOUTH AFRICA

7 Emerging Markets Light Vehicle Production Moves Down Sharply 20% Quarterly Change in Production (vs Same Quarter of Previous Year) 10% 0% -10% -20% Emerging Markets Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q Q4 2010

8 Russia Is Caught Between Opposing Market Drivers Market Drivers Industry Incentive programs re-opened (e.g. 166 & 566) Loan Financing Support Used Imports Limitations Slowing Demand & RBL Depreciation Credit Cost & Lacking Availability Higher Import Tariffs Market Restraints

9 Russia Number of HH by Income Bands (2000 US$) 2008 Forecast 2009 Forecast E F G H 150+ E F G H 150+

10 Russia: Winners and Losers 2009 vs 2014 DAEWOO MAZDA SKODA VW FIAT OPEL MITSUBISHI NISSAN GAZ KIA RENAULT TOYOTA HYUNDAI FORD CHEVROLET LADA 0 100, , , , , ,000 LV Sales GEELY CADILLAC LIFAN ISUZU NISSAN RENAULT HYUNDAI CHEVROLET -100,00 0 BMW VOLGA BRILLIANCE CHERY VORTEX TOYOTA SSANGYONG GREAT WALL OPEL TAGAZ VW SKODA FIAT UAZ KIA FORD GAZ LADA 2009 vs , , , , , , , ,000 LV Production

11 Customs Duties and Excise Taxes in India Type Category Form Petrol ccm Diesel ccm Length Rate Excise Tax Passenger Vehicles (Small Cars) <1.2l <1.5l < 4000 mm 8% (from December 2008) Excise Tax Passenger Vehicles (Large Cars) >1.2l and <2.0l >1.5l and <2.0l >4000 mm 20%+ 15,000 Indian rupees from June 2008 Excise Tax Passenger Vehicles (Large Cars) >2.0l >2.0l >4000 mm 20%+ 20,000 Indian rupees from June 2008 Excise Tax Hybrid Vehicles 14% Excise Tax Goods Vehicles 20% (16% on CNG/LPG) Customs Duties Passenger Vehicles CBU c. 100% Customs Duties Passenger Vehicles CKD 10% Customs Duties Goods Vehicles 10%

12 India: Delays to Investment & New Product Launches Delays Renault pulls back on its line at Chennai plans on hold Honda delays second plant from 2009 to October 2010 Toyota delays second plant from early 2010 to late 2010 and will not build Corolla at new plant Nano new plant not expected before late 2010 Daimler plant starts on one shift only GM says India crucial new mini car and Cruze coming Some Hyundai i20 production moves to Europe after labour unrest New Launches 2009 Tata Nano Tata Indicruz Hyundai i20 Maruti Ritz Honda Jazz GM Cruze 2010 GM M-300 Beat Ford Small Car Honda Eco Maruti Mini SUV Nissan March Toyota Yaris & EFC

13 Low Cost Cars Will Contribute Less to Auto Demand Nano et. Al. First rising raw materials prices Then roll-out timeline disrupted at Singur Small scale launch in March 23 rd 2009 European version coming to continental Europe and UK eventually Can it sell in the U.S.? Now 40k at Pantnagar Sanand expected late 2010 Break-even point 4-500,000 vehicles? Borrowing for target consumer groups has been undermined Tata constrained in its finances Nano project financed but JLR purchases requires refinancing of $2bn of the $3bn bridging loan Thousands Bajaj-Renault Nano 800 Price in $US Production Alto 800 Nano LX Nano CX Nano STD BS3 Nano STD BS2

14 India: Winners and Losers RENAULT 2009 vs 2014 RENAULT BAJAJ 2009 vs 2014 PIAGGIO VW FIAT BMW FORD MERCEDES-BENZ FIAT SKODA SKODA TOYOTA FORD CHEVROLET TOYOTA NISSAN HONDA CHEVROLET M & M HONDA HYUNDAI M & M TATA TATA HYUNDAI MARUTI MARUTI ,000 LV Sales Thousands ,000 LV Production Thousands

15 Brazil Government Actions: Financing and IPI Reduction R $10 billion released for financing by Banco Central via Banco do Brasil, Caixa Economica Federal and Nossa Caixa The IPI reduction (table below) was implemented on December 11, 2008 and will carry on until June 30, 2009 Engine Size (cm³) IPI Before Measure Present Reduced IPI Up to Car 7% to Gasoline Car 13% 6,5% to Flex Car 11% 5,5% Over Gasoline 25% 25% Over Flex 18% 18% Up to Pick-up 8% 1% to Pick-up 8% 4%

16 Brazil & Argentina: Market Outlook Million Units Million Units Brazil LV Sales Argentina LV Sales

17 Middle East Overview Six year boom has come to an end Marked slowdown in global growth will harm trade, tourism, and investment throughout the region Oil bubble has burst reducing earnings sharply Declining external demand for non-oil exports Credit crunch has hit Construction and real estate markets are in free fall especially in Dubai Stock prices have collapsed Expatriates are returning home Automobile demand are down The recovery in 2010 is likely to be modest because the rebound in the world economy will develop only gradually WTI US$ per barrel (Annual Averages) wti March 2008 Wti March (West Texas Intermediate price, dollars per barrel)

18 Middle East and Africa GCC 6 LV Sales Israel LV Sales Iran LV Sales South Africa LV Sales

19 Korea Market Outlook Consumption tax cut by 70% from May 1 st - December 31 st if replacing a car registered before January 1 st % 10% 0% -10% -20% -30% -40% Quarterly Change in Production (vs Same Quarter of Previous Year) Korea Q Q Q Q Q Q Q Q LV Sales (millions) Vehicle exports fell 30.2% in Q to 480k Hyundai has reduced output by 30% in Q Kia has reduced output by 27% in Q new Forte and Soul are key models Exports projected to be down 14% in Q2 y-o-y

20 South Korea: Winners and Losers Korean LV Sales by Brand LV Production by Brand SSANGYONG 2009 vs 2014 SSANGYONG 2009 vs 2014 SAMSUNG SAMSUNG DAEWOO DAEWOO KIA KIA HYUNDAI HYUNDAI Thousands ,000 1,200 1,400 Thousands

21 Investment Moves Away from South Korea Hyundai Brand LV Production by Country Kia Brand LV Production by Country % 50% 100% KOR IND USA CHN RUS CZE TUR OTHER Hyundai Shifts production to: India: i10, i20 USA: Sonata, Santa Fe, VeraCruz Czech Republic: i30 0% 50% 100% KOR CHN SVK IRN RUS USA CZE OTHER Kia Shifts production to: Slovakia: Ceed, Sportage Expands in China: Soul, Forte, Rio, Sportage, QB

22 Thailand Overview Vehicle sales in Thailand fell by 2.5% to around 615,200 units in 2008 Political unrest has dented investment confidence Decomposition of demand shifted very significantly out of pick-ups and into small cars Sales dropped by 30% in first two months of 2009 Down by 37.8% in March, passenger cars sales down 23.4% Vehicle exports fell 39% in March 2009 The government refused to provide large scale direct support to the industry Honda, Nissan, Mazda may ask for crisis loans LV Sales ('000s)

23 Small Cars Will Win Market Share in Thailand SUZUKI TATA CHEVROLET MAZDA FORD 2009 vs 2014 The Thai industry shifts from pickups to small cars Investment dates for Eco-car projects have been pushed back and local content and volume requirements are being contested No Eco-car project has yet been formally cancelled NISSAN ISUZU MITSUBISHI HONDA TOYOTA Projected SOP Honda late 2010 Mitsubishi late 2011 Toyota late 2011 or 2012 Tata 2012 Nissan early 2011 Suzuki early Thousands LV Sales by Brand

24 Thailand Shifts Away from Pickups Thousands SUZUKI TATA CHEVROLET 1400 SUV MAZDA Car LCV 1200 PICKUP FORD OTHER LCV OTHER CAR SMALL CAR (A+B) NISSAN ISUZU MITSUBISHI LV Production by Type 2014 HONDA TOYOTA LV Production by Brand 2014 Thousands

25 Malaysia Overview Malaysia total vehicle sales recovered by 12.6% to 548,889 units in 2008 Introduction of new, wellperforming models (esp. Proton Saga and Persona) For January-March 2009 period vehicle sales fell 9.2% to 118,681 units The LCV market boosted by upcoming launches of the Proton Exora and Perodua MPVs Vehicle scrapping subsidy of RM 5000 ($US 1400) available if you trade in a car 10 years old and buy a new Proton or Perodua Vehicle Also RM 200m ($US 57m) boost to industry through Automotive Development Fund LV Sales ( 000s)

26 Malaysia Misses Out On Investment BMW 2009 vs 2014 MERCEDES-BENZ 2009 vs 2014 MERCEDES-BENZ SUZUKI ISUZU MITSUBISHI TATA HYUNDAI Proton and Perodua will lose market share as competition rises DAIHATSU ISUZU HYUNDAI Malaysia misses out on long term investment to Thailand SUZUKI KIA KIA TOYOTA NISSAN NISSAN HONDA TOYOTA HONDA PROTON PERODUA PERODUA PROTON Thousands LV Sales by Brand LV Production by Brand Thousands

27 All Asia LV Production: Scenario Ranges Millions Upside Scenario (15%) Base (63%) Risk Weighted Average Downside Scenario (22%)

28 Summary Insights Outside China there is very limited decoupling of the automotive market from the economy Asia s importance has increased Some emerging markets are a stabilising force Government support is helping to mitigate the economic effects India and China provide most support to world growth Export markets are hit hardest on production Japan, Korea and Thailand production The downturn lasts to 2011 & growth rates have been reduced Increased protectionism reduces long term growth Wealth destruction & support for green investment favours small cars which increases the need for economies of scale and undermines industry profitability Investment projects are delayed but there is still strong pressure to move production to low cost regions Japan and Korea lose out to India and Thailand

29 Thank You! Tim Armstrong Managing Director Global Automotive Forecast Operations

210 Index. diesel fuel Brazil, 73 Mexico, 99, 108 Thailand, 171, , 183n5 Turkey, 54 7 see also fuel prices

210 Index. diesel fuel Brazil, 73 Mexico, 99, 108 Thailand, 171, , 183n5 Turkey, 54 7 see also fuel prices Index AMIA (Mexican Association of the Automotive Industry), 90, 108 automobile demand ageing of population, 9 emerging economies, 206 7 financing, 8 post-recession, 1 2 role of income distribution and

More information

Asian Markets and Manufacturers Dominating the Global Auto Industry. Ashvin Chotai Director, Asian Automotive Industry Research

Asian Markets and Manufacturers Dominating the Global Auto Industry. Ashvin Chotai Director, Asian Automotive Industry Research Asian Markets and Manufacturers Dominating the Global Auto Industry Ashvin Chotai Director, Asian Automotive Industry Research Asia Accounted For Nearly Half of Global Growth in Sales in 2005 2002: Global

More information

WORLD MOTOR VEHICLE PRODUCTION BY COUNTRY AND TYPE QUARTERS June 14, 2018

WORLD MOTOR VEHICLE PRODUCTION BY COUNTRY AND TYPE QUARTERS June 14, 2018 QUARTERS 2017-2018 June 14, 2018 CONTENTS BASEPROTOTAL BASEPROCARS BASEPROLCV BASEPROHCV BASEPROBC Summation of cars, LCVs, HCVs, heavy buses Cars LCVs HCVs Heavy buses Note: The production of cars and

More information

Fresh Connections: Netherlands

Fresh Connections: Netherlands Fresh Connections: Netherlands SHIFTING TRADE WINDS: GEOPOLITICS, GLOBAL TRADE & YOU JULIEN MARCILLY CHIEF ECONOMIST APRIL 29, 215 Oil prices: Lower for longer 14 Oil price (Brent, source: OPEC) 12 Oil

More information

Key Indicators on the competitiveness of the EU S automotive Industry 1

Key Indicators on the competitiveness of the EU S automotive Industry 1 MEMO/5/7 Brussels, 13 January 25 Key Indicators on the competitiveness of the EU S automotive Industry 1 Table of contents Part 1: Comparison EU, U.S. and Japan 1. Value added Page 2 2. Employment Page

More information

Infographics on Electromobility (January 2019)

Infographics on Electromobility (January 2019) Infographics on Electromobility (January 2019) Publisher: BMW Group Corporate Communications Electromobility Last Update: 04.01.2019 Contact: presse@bmw.de ELECTROMOBILITY IN GERMANY. SHARE IN NEW REGISTRATIONS

More information

Press-release 15 January 2015

Press-release 15 January 2015 Press-release 15 January 2015 Year 2014 ends with 10% car market decrease Sales of new passenger cars and LCVs in Russia increased by 2,4% in December 2014 Among the top ten bestselling models so far,

More information

INDUSTRIALL GLOBAL UNION FCA-CNH NETWORK MEETING March 2017 Detroit, US

INDUSTRIALL GLOBAL UNION FCA-CNH NETWORK MEETING March 2017 Detroit, US INDUSTRIALL GLOBAL UNION FCA-CNH NETWORK MEETING 14-16 March 2017 Detroit, US IG Metall Situation in the automotive industry 2016 2016 overview IG Metall The world automarket of passenger cars has increased

More information

Automotive industry: The world is growing in line with its main markets, China and the United States, while Europe continues its decline in 2013

Automotive industry: The world is growing in line with its main markets, China and the United States, while Europe continues its decline in 2013 Automotive industry: The world is growing in line with its main markets, China and the United States, while Europe continues its decline in 2013 Yann Lacroix Sector Research 08-28-2013 Contents 1 The worldwide

More information

Sales of new passenger cars and LCVs in Russia dropped by 4% in November 2013 Among the top ten bestselling models so far, ten are locally produced

Sales of new passenger cars and LCVs in Russia dropped by 4% in November 2013 Among the top ten bestselling models so far, ten are locally produced ASSOCIATION OF EUROPEAN BUSINESSES RUSSIAN FEDERATION Ulitsa Krasnoproletarskaya 16, bld. 3, Moscow, 127473 Tel +7 495 234 2764 Fax +7 495 234 2807 info@aebrus.ru http://www.aebrus.ru АССОЦИАЦИЯ ЕВРОПЕЙСКОГО

More information

Press-release 8 July 2014

Press-release 8 July 2014 Press-release 8 July The market continues its downward trend at an accelerating pace Sales of new passenger cars and LCVs in Russia dropped by 17,3% in June Among the top ten bestselling models so far,

More information

Economic and Market Report. EU Automobile Industry

Economic and Market Report. EU Automobile Industry Economic and Market Report EU Automobile Industry September 2015 Q2 2015 CONTENTS EU Economic Outlook... 2 Passenger cars... 4 Registrations... 4 World... 4 The European Union... 6 Production... 8 World...

More information

Press-release 12 January 2017

Press-release 12 January 2017 Press-release 12 January 2017 Year 2016 ends with 11% car market decrease Sales of new passenger cars and LCVs in Russia decreased by 1% in December 2016 Among the top ten bestselling models so far, nine

More information

BP Statistical Review of World Energy June 2017

BP Statistical Review of World Energy June 2017 BP Statistical Review of World Energy June 217 Primary energy 8 Consumption 8 Consumption by fuel 9 66 th edition Primary energy Consumption* Growth rate per annum Million tonnes oil equivalent 26 27 28

More information

The Russian Automotive Industry in 2009 and Beyond. Vassil Stavrev Senior Market Analyst

The Russian Automotive Industry in 2009 and Beyond. Vassil Stavrev Senior Market Analyst The Russian Automotive Industry in 29 and Beyond Vassil Stavrev Senior Market Analyst Presentation Structure Evolution of Forecast Car Parc and Density Long-term Market Forecast Market and Industry Framework

More information

World Geographic Shares

World Geographic Shares World Geographic Shares North America South America Europe Africa Asia Australia/ Oceania 18% 13% 7% 22% 33% 6% World Population Shares North America South America Europe Africa Asia Australia/ Oceania

More information

Hot and Cold Spots of the Future LCV Sector. Philipp Rosengarten Senior Market Analyst, Light Trucks

Hot and Cold Spots of the Future LCV Sector. Philipp Rosengarten Senior Market Analyst, Light Trucks Hot and Cold Spots of the Future LCV Sector Philipp Rosengarten Senior Market Analyst, Light Trucks Presentation Outline Topic: Hot and Cold Spots of the Future LCV Sector Focus: Light Commercial Vehicles

More information

Primary energy. 8 Consumption 9 Consumption by fuel. 67 th edition

Primary energy. 8 Consumption 9 Consumption by fuel. 67 th edition Primary energy 8 Consumption 9 Consumption by fuel 67 th edition Primary energy Consumption* Growth rate per annum Million tonnes oil equivalent 27 28 29 2 211 212 213 214 215 216 217 217 26-16 Share 217

More information

Press-release 10 November 2015

Press-release 10 November 2015 Press-release 10 November 2015 October car market decrease is 38,5% Sales of new passenger cars and LCVs in Russia decreased by 38,5% in October 2015 Ten bestselling models are locally produced In October

More information

Economic and Market Report. EU Automotive Industry Quarter

Economic and Market Report. EU Automotive Industry Quarter Economic and Market Report EU Automotive Industry Quarter 2 2017 September 2017 CONTENTS Passenger cars... 2 Registrations... 2 World... 2 The European Union... 4 Passenger car registrations by fuel type...

More information

Press-release 8 June 2015

Press-release 8 June 2015 Press-release 8 June 2015 May car market decrease is 37,7 % Sales of new passenger cars and LCVs in Russia decreased by 37,7 % in May 2015 Nine bestselling models are locally produced In May 2015, sales

More information

Macroeconomic Assumptions

Macroeconomic Assumptions Macroeconomic Assumptions A major factor affecting the global economy this year continues to be weakness in Chinese financial markets and the resulting fallout affecting trading partners dependent on the

More information

BRICs (Brazil, Russia, India, China) Future Automotive Giants. Tim Armstrong Associate Director, Eastern Europe & Middle East and Africa

BRICs (Brazil, Russia, India, China) Future Automotive Giants. Tim Armstrong Associate Director, Eastern Europe & Middle East and Africa BRICs (Brazil, Russia, India, China) Future Automotive Giants Tim Armstrong Associate Director, Eastern Europe & Middle East and Africa Presentation Outline Sources of growth in the world Where do BRICs

More information

Economic and Market Report. EU Automotive Industry Quarter

Economic and Market Report. EU Automotive Industry Quarter Economic and Market Report EU Automotive Industry Quarter 1 2018 July 2018 CONTENTS EU economic outlook... 2 Passenger cars... 4 Registrations... 4 World... 4 The European Union... 6 Passenger car registrations

More information

PRESS RELEASE. Russian Automotive Market is to consolidate close to its current level in 2013

PRESS RELEASE. Russian Automotive Market is to consolidate close to its current level in 2013 ASSOCIATION OF EUROPEAN BUSINESSES RUSSIAN FEDERATION Ulitsa Krasnoproletarskaya 16, bld. 3, Moscow, 127473 Tel +7 495 234 2764 Fax +7 495 234 2807 info@aebrus.ru http://www.aebrus.ru АССОЦИАЦИЯ ЕВРОПЕЙСКОГО

More information

Overseas Prospects for the Chinese Automotive Industry: Exports and New Opportunities Developing for Overseas Operations

Overseas Prospects for the Chinese Automotive Industry: Exports and New Opportunities Developing for Overseas Operations Overseas Prospects for the Chinese Automotive Industry: Exports and New Opportunities Developing for Overseas Operations Lin Huaibin Senior Market Analyst Content Vehicle Export 2003 2008 Export Destination

More information

Indian PV Product and Market Analysis ACG. All rights reserved

Indian PV Product and Market Analysis ACG. All rights reserved Our Global Clients (East Africa) India will be second largest Car Market by 23 Germany USA Largest EV Car market, 4% market share in 216 Japan Indian and China are having around 4% market share in Global

More information

Economic and Market Report. EU Automotive Industry Quarter

Economic and Market Report. EU Automotive Industry Quarter Economic and Market Report EU Automotive Industry Quarter 3 2017 December 2017 CONTENTS EU economic outlook... 2 Passenger cars... 4 Registrations... 4 World... 4 The European Union... 6 Passenger car

More information

PRESS RELEASE 9:30 GMT, 20 th February 2018 London, UK

PRESS RELEASE 9:30 GMT, 20 th February 2018 London, UK PRESS RELEASE 9:30 GMT, 20 th February 2018 London, UK GLOBAL CAR SALES UP BY 2.4% IN 2017 DUE TO SOARING DEMAND IN EUROPE, ASIA-PACIFIC AND LATIN AMERICA Analysis of 52 markets found that 86.05 million

More information

PRESS RELEASE 14:00 GMT, 9 th February 2017 London, UK

PRESS RELEASE 14:00 GMT, 9 th February 2017 London, UK PRESS RELEASE 14:00 GMT, 9 th February 2017 London, UK GLOBAL CAR SALES UP BY 5.6% IN 2016 DUE TO SOARING DEMAND IN CHINA, INDIA AND EUROPE Analysis of 52 markets found that 84.24 million units were sold

More information

Press-release 9 June 2014

Press-release 9 June 2014 Press-release 9 June 2014 Weak Sales Trend Continues Sales of new passenger cars and LCVs in Russia dropped by 12% in May 2014 Among the top ten bestselling models so far, nine models are locally produced

More information

Toyota captures three top model awards, while Honda earns two model awards and BMW captures one.

Toyota captures three top model awards, while Honda earns two model awards and BMW captures one. and auto motor und sport/autostrassenverkehr Report: For the First Time, Honda is the Most Satisfying Brand to Own in Germany Toyota s Green Prius Leads Customer Satisfaction Rankings FRANKFURT: 10 July

More information

Press-release 9 October 2017

Press-release 9 October 2017 Press-release 9 October 2017 September 2017 market increase is 17,9 % Sales of new passenger cars and LCVs in Russia increased by 17,9% in September 2017 Among the top ten bestselling models so far, all

More information

Automotive Market: Where Do We Go From Here?

Automotive Market: Where Do We Go From Here? Automotive Market: Where Do We Go From Here? June, 3 rd 211 Federal Reserve Bank of Chicago Eighteenth Annual Automotive Outlook Symposium Jeff Schuster Executive Director, Forecasting and Analysis jeff.schuster@jdpa.com

More information

Global Medium & Heavy Commercial Vehicle Model Level Production Forecast Report. From 2001 to 2021

Global Medium & Heavy Commercial Vehicle Model Level Production Forecast Report. From 2001 to 2021 Global Medium & Heavy Commercial Vehicle Model Level Production Forecast Report From 2001 to 2021 Global CV Markets Covered Industry Production Data Truck & Bus Model Production Forecast Engine Production

More information

UXC.COM A PUBLICATION OF. NPO Overview 1501 MACY DRIVE ROSWELL, GA PH FX

UXC.COM A PUBLICATION OF. NPO Overview 1501 MACY DRIVE ROSWELL, GA PH FX 2019 A PUBLICATION OF UXC.COM NPO Overview 1501 MACY DRIVE ROSWELL, GA 30076 PH +1 770 642-7745 FX +1 770 643-2954 NOTICE UxC, LLC ( UxC ) shall have title to, ownership of, and all proprietary rights

More information

PRESS RELEASE. The Year Continues Strong for New Cars and Light Commercial Vehicles in Russia

PRESS RELEASE. The Year Continues Strong for New Cars and Light Commercial Vehicles in Russia ASSOCIATION OF EUROPEAN BUSINESSES RUSSIAN FEDERATION Ulitsa Krasnoproletarskaya 16, bld. 3, Moscow, 127473 Tel +7 495 234 2764 Fax +7 495 234 2807 info@aebrus.ru http://www.aebrus.ru АССОЦИАЦИЯ ЕВРОПЕЙСКОГО

More information

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS

FISCAL YEAR MARCH 2014 FINANCIAL RESULTS FISCAL YEAR MARCH 214 FINANCIAL RESULTS Mazda CX-5 Mazda Atenza Mazda Motor Corporation April 25, 214 New Mazda Axela 1 PRESENTATION OUTLINE Highlights Fiscal Year March 214 Results Fiscal Year March 215

More information

Press-release 9 November 2016

Press-release 9 November 2016 Press-release 9 November 2016 October car market decrease is 2,6% Sales of new passenger cars and LCVs in Russia decreased by 2,6% in October 2016 Among the top ten bestselling models so far, nine models

More information

Press-release 8 September 2017

Press-release 8 September 2017 Press-release 8 September 2017 August 2017 market increase is 16,7 % Sales of new passenger cars and LCVs in Russia increased by 16,7% in August 2017 Among the top ten bestselling models so far, all models

More information

PRESS RELEASE 9:30 BST, 27 th April 2017 London, UK

PRESS RELEASE 9:30 BST, 27 th April 2017 London, UK PRESS RELEASE 9:30 BST, 27 th April 2017 London, UK VOLKSWAGEN GOLF LOSES ITS POSITION AS EUROPE S BEST-SELLING CAR, AS EUROPEAN CAR REGISTRATIONS INCREASE BY 10.8% IN MARCH 2017 European car registrations

More information

Anna-Marie Baisden BMI Research Head of Autos Analysis

Anna-Marie Baisden BMI Research Head of Autos Analysis Global Macro & Autos Outlook Anna-Marie Baisden BMI Research Head of Autos Analysis Agenda Global macro and autos outlook Key trends driving global autos sector Turkey autos outlook Turkey s part in global

More information

PRESS RELEASE 14:00 GMT, 19 th January 2017 London, UK

PRESS RELEASE 14:00 GMT, 19 th January 2017 London, UK PRESS RELEASE 14:00 GMT, 19 th January 2017 London, UK SUV REGISTRATIONS SET A RECORD: ACCOUNTING FOR 1 IN 4 CARS SOLD IN EUROPE IN 2016 European car registration volume at second-highest point since 2007

More information

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model

FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS. Mazda Roadster 25 th Anniversary Model FISCAL YEAR MARCH 2015 FIRST QUARTER FINANCIAL RESULTS Mazda Roadster 25 th Anniversary Model Mazda Motor Corporation July 31, 2014 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 First Quarter

More information

Press-release 8 August 2017

Press-release 8 August 2017 Press-release 8 August 2017 July 2017 market increase is 18,6% Sales of new passenger cars and LCVs in Russia increased by 18,6% in July 2017 Among the top ten bestselling models so far, all models are

More information

Volkswagen Group Rus. Pavel Stepanek. Head of Finance

Volkswagen Group Rus. Pavel Stepanek. Head of Finance Volkswagen Group Rus Pavel Stepanek Head of Finance Key figures Sales 1) [ 000 Pieces] +39% 131 94 +78% 233 +39% -4.5% 322 308-13% 268 Production [ 000 Pieces] 49 +96% 95 +42% 135 +33% +4% -1,5% 180 188

More information

VEHICLE SALES AND RECESSIONS

VEHICLE SALES AND RECESSIONS TOM LOVELESS Vice President Sales Kia Motors America 1 VEHICLE SALES AND RECESSIONS The volume decline over the last several years is the largest in history. Where do we go from here? 20,000,000 18,000,000

More information

The Case for Mexico to Improve Vehicle Fuel Efficiency

The Case for Mexico to Improve Vehicle Fuel Efficiency The Case for Mexico to Improve Vehicle Fuel Efficiency Feng An Energy and Transportation Technologies LLC Katherine Blumberg International Council on Clean Transportation Workshop on Sustainable Transport

More information

FAPRI Food and Agricultural Policy Research Institute

FAPRI Food and Agricultural Policy Research Institute 26 WORLD OUTLOOK Presentation Food and Agricultural Policy Research Institute Global Macroeconomic Overview Sustained and widespread real economic growth for the decade averaging 3.1%. Industrialized countries

More information

Eberspächer Exhaust Technology. ASEAN Strategy. prepared by Babak Niazi. DRIVING THE MOBILITY OF TOMORROW Eberspächer

Eberspächer Exhaust Technology. ASEAN Strategy. prepared by Babak Niazi. DRIVING THE MOBILITY OF TOMORROW Eberspächer Eberspächer Exhaust Technology ASEAN Strategy DRIVING THE MOBILITY OF TOMORROW prepared by Babak Niazi ASEAN Member Countries Production Forecast Top Ten Countries Global Rank Country Production Vol. in

More information

Ove v rv r ie i w w o f K o K rean a A u A tomo m bilie I n I dust s r t y

Ove v rv r ie i w w o f K o K rean a A u A tomo m bilie I n I dust s r t y 2017.9.26 Overview of Korean Automobile Industry 1. The Status of Korean Automobile Industry 2. The Status of Korean Auto Parts Industry Introduction of KAMA Korea Automobile Manufacturers Association

More information

Press-release 06 March 2018

Press-release 06 March 2018 Press-release 06 March 2018 February 2018 market increase is 24,7% Sales of new passenger cars and LCVs in Russia increased by 24,7% in February 2018 Among the top ten bestselling models so far, all models

More information

Inbound Tourism Trends Quarterly Quarter Issue 24 January 2018

Inbound Tourism Trends Quarterly Quarter Issue 24 January 2018 Inbound Tourism Trends Quarterly Quarter 3 217 Issue 24 January 218 1 Contents 1. About this data 2. Global Context: Global view, Economic outlook and Exchange rate 3. Inbound Volume and Value (Journey

More information

Thermal Coal Market Presentation to UNECE Ad Hoc Group of Experts on Coal in Sustainable Development December 7, 2004

Thermal Coal Market Presentation to UNECE Ad Hoc Group of Experts on Coal in Sustainable Development December 7, 2004 Thermal Coal Market Presentation to UNECE Ad Hoc Group of Experts on Coal in Sustainable Development December 7, 2004 Barlow Jonker Pty Ltd Commercial in Confidence 1 Presentation Outline 1. Barlow Jonker

More information

Inbound Tourism Trends Quarterly Q Issue 20 January 2017

Inbound Tourism Trends Quarterly Q Issue 20 January 2017 Inbound Tourism Trends Quarterly Q3 216 Issue 2 January 217 1 Contents 1. About this data 2. Global Context: Global view, Economic outlook and Exchange rate 3. Inbound Volume and Value 4. Journey Purpose,

More information

Schmidt's 2010 BRIC Study

Schmidt's 2010 BRIC Study Schmidt's 2010 BRIC Study "New fuel to power global future automotive industry" Passenger car sales and production "Past, current and future automotive trends to 2015 in BRIC Countries..." June 2010 Table

More information

Honda Remains the Most Satisfying Brand to Own in France

Honda Remains the Most Satisfying Brand to Own in France and L Automobile Magazine Report: Toyota, BMW, Honda and Peugeot Capture Top Model Awards in France Vehicle Customer Satisfaction Study Honda Remains the Most Satisfying Brand to Own in France PARIS: 22

More information

Automotive Market in ASEAN Prepared by: Reciprocus International Date: January 2017

Automotive Market in ASEAN Prepared by: Reciprocus International Date: January 2017 RECIPROCUS RESEARCH BRIEF Automotive Market in ASEAN Prepared by: Reciprocus International Date: January 2017 Table of Contents Executive Summary 2 Macroeconomic Outlook of the Industry 3 Industry Outlook

More information

PRESS RELEASE 9:30 BST, 25 th October 2017 London, UK

PRESS RELEASE 9:30 BST, 25 th October 2017 London, UK PRESS RELEASE 9:30 BST, 25 th October 2017 London, UK BREXIT BEGINS TO IMPACT EUROPE AS REGISTRATIONS FOR THE REGION DECREASE BY 2.2% IN SEPTEMBER European car registrations fell by 2.2% for September

More information

Press-release 8 December 2017

Press-release 8 December 2017 Press-release 8 December 2017 November 2017 market increase is 15 % Sales of new passenger cars and LCVs in Russia increased by 15% in November 2017 Among the top ten bestselling models so far, all models

More information

FISCAL YEAR MARCH 2015 THIRD QUARTER FINANCIAL RESULTS. Updated Mazda CX-5 (Japanese specification model)

FISCAL YEAR MARCH 2015 THIRD QUARTER FINANCIAL RESULTS. Updated Mazda CX-5 (Japanese specification model) FISCAL YEAR MARCH 2015 THIRD QUARTER FINANCIAL RESULTS Updated Mazda CX-5 (Japanese specification model) Mazda Motor Corporation February 4, 2015 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015

More information

NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION 1

NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION 1 PRESS EMBARGO: 8.00 AM (6.00 AM GMT), 16 June 2017 NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION 1 Passenger car registrations: +5.3% five months into 2017; +7.6% in In 2017, passenger car registrations

More information

PRESS RELEASE 9:30 GMT, 26 th February 2018 London, UK

PRESS RELEASE 9:30 GMT, 26 th February 2018 London, UK PRESS RELEASE 9:30 GMT, 26 th February 2018 London, UK EUROPEAN CAR REGISTRATIONS INCREASED BY 7.1% IN JANUARY 2018, BUT CONSUMERS CONTINUED TO SHUN DIESEL VEHICLES European car registrations increased

More information

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio

FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS. New Mazda Demio FISCAL YEAR MARCH 2015 FIRST HALF FINANCIAL RESULTS New Mazda Demio Mazda Motor Corporation October 31, 2014 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2015 First Half Results Fiscal Year March

More information

Press-release 8 June 2017

Press-release 8 June 2017 Press-release 8 June 2017 May 2017 market increase is 14,7 % Sales of new passenger cars and LCVs in Russia increased by 14,7% in May 2017 Among the top ten bestselling models so far, all models are locally

More information

Mazda Motor Corporation FISCAL YEAR MARCH 2016 FIRST HALF FINANCIAL RESULTS (Speech Outline)

Mazda Motor Corporation FISCAL YEAR MARCH 2016 FIRST HALF FINANCIAL RESULTS (Speech Outline) (For your information) November 5, 2015 Mazda Motor Corporation FISCAL YEAR MARCH 2016 FIRST HALF FINANCIAL RESULTS (Speech Outline) Representative Director Executive Vice President Akira Marumoto 1. HIGHLIGHTS

More information

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST HALF FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Half Results Fiscal Year March 2018 Full Year Forecast Progress of Key Initiatives/ Business

More information

Grain: World Markets and Trade

Grain: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service Circular Series FG 6-2 June 22 Grain: World Markets and Trade Corn Competition Continues to Contract 2/1 21/2 22/3 U.S. S. America China

More information

April 27, 2012 (For your information) Mazda Motor Corporation FISCAL YEAR ENDING MARCH 2012 FINANCIAL RESULTS (Speech Outline)

April 27, 2012 (For your information) Mazda Motor Corporation FISCAL YEAR ENDING MARCH 2012 FINANCIAL RESULTS (Speech Outline) April 27, 2012 (For your information) Mazda Motor Corporation FISCAL YEAR ENDING MARCH 2012 FINANCIAL RESULTS (Speech Outline) Representative Director, Chairman of the Board, President and CEO Takashi

More information

NAACAM Presentation to Portfolio Committee on Trade and Industry. Thursday, 11 th March 2010

NAACAM Presentation to Portfolio Committee on Trade and Industry. Thursday, 11 th March 2010 NAACAM Presentation to Portfolio Committee on Trade and Industry Thursday, 11 th March 2010 Structure of the industry in SA All local vehicle assemblers (OEMs), BMW, Mercedes Benz and VW, Ford and General

More information

Progress of the Global Hybrid Market

Progress of the Global Hybrid Market Progress of the Global Hybrid Market Lonnie Miller, Director Industry Analysis R. L. Polk & Co. November 10, 2008 Discussion Review of global hybrid vehicle market Growth regions Forecast U.S. Insights

More information

NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION 1

NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION 1 PRESS EMBARGO: 8.00 AM (6.00 AM GMT), 14 September 2017 NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION 1 Passenger car registrations: +4.5% over eight months; +5.6% in August In August 2017, passenger

More information

NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION *

NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION * PRESS EMBARGO: 8.00 AM (7.00 AM GMT), 17 November 2015 NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION * Passenger car registrations: +8.2% over ten months; +2.9% in In 2015, the EU passenger car market

More information

Press-release 10 April 2017

Press-release 10 April 2017 Press-release 10 April 2017 March 2017 market increase is 9,4% Sales of new passenger cars and LCVs in Russia increased by 9,4% in March 2017 Among the top ten bestselling models so far, all models are

More information

Winners & Losers by Market - June 2017 vs June 2016

Winners & Losers by Market - June 2017 vs June 2016 Countries June 17/16 % Chg ROMANIA +47,0 1 CYPRUS +46,0 2 LITHUANIA +40,6 ESTONIA +33,7 BULGARIA +31,4 SLOVENIA +16,4 SLOVAKIA +14,5 GREECE +14,4 ITALY +12,9 HUNGARY +11,6 ICELAND +10,2 CROATIA +8,8 POLAND

More information

Winners & Losers by Market - April 2017 vs April 2016

Winners & Losers by Market - April 2017 vs April 2016 Countries April 17/16 % Chg CROATIA +29,6 1 PORTUGAL +17,8 2 POLAND +14,4 BULGARIA +14,1 LITHUANIA +10,7 SLOVENIA +9,7 HUNGARY +7,7 ROMANIA +7,5 NETHERLANDS +6,3 ESTONIA +4,3 SPAIN +1,1 SLOVAKIA -0,1 CZECH

More information

Press-release 04 October 2018

Press-release 04 October 2018 Press-release 04 October 2018 September 2018 market increase is 6,2 % Sales of new passenger cars and LCVs in Russia increased by 6,2% in September 2018 Among the top ten bestselling models so far, all

More information

Press-release 12 January 2018

Press-release 12 January 2018 Press-release 12 January 2018 Year 2017 ends with 11,9% car sales market increase Sales of new passenger cars and LCVs in Russia increased by 14% in December 2017 Among the top ten bestselling models so

More information

Market Outlook for Malaysian Rubber Products in th February 2014

Market Outlook for Malaysian Rubber Products in th February 2014 Market Outlook for Malaysian Rubber Products in 2014 25 th February 2014 World Economic Scenario World Economic Outlook For 2014 World growth increase from 3% in 2013 to 3.7% in 2014 Advanced economies

More information

Economic and Market Report. EU Automotive Industry Quarter

Economic and Market Report. EU Automotive Industry Quarter Economic and Market Report EU Automotive Industry Quarter 4 2016 March 2017 CONTENTS EU economic outlook... 2 Passenger cars... 4 Registrations... 4 World... 4 The European Union... 7 Registrations by

More information

Small Cars: Reality or Myth?

Small Cars: Reality or Myth? Small Cars: Reality or Myth? Michael Robinet Director, Global Production Forecasts IHS Automotive February 24, 2011 Agenda Going Global US Sales Prospects NA Sourcing Summary Global Scale High Volume,

More information

2015 Interim Results. Levallois, July 23 th, 2015

2015 Interim Results. Levallois, July 23 th, 2015 2015 Interim Results Levallois, July 23 th, 2015 CONTENTS H1 2015 Highlights 2015 Interim Results Outlook H1 2015 Highlights DATE Improvement in all metrics 4 H1 2015 Key metrics Economic Sales * : 2,945

More information

wcshipping.com

wcshipping.com Containarized Car Exports From the United States Data and Analysis 2nd Quarter 2015 Second Quarter 2015 - US Car Export Market Summary Despite ongoing port delays and the expensive US dollar, global interest

More information

Experian Automotive Quarterly Briefing First quarter 2014 automotive market share trends and registrations

Experian Automotive Quarterly Briefing First quarter 2014 automotive market share trends and registrations Experian Automotive Quarterly Briefing First quarter 214 automotive market share trends and registrations Melinda Zabritski Senior Director Marty Miller Senior Product Manager Experian Automotive Experian

More information

Total credit to the non-financial sector (core debt), % of GDP Table F1.1

Total credit to the non-financial sector (core debt), % of GDP Table F1.1 Total credit to the non-financial sector (core debt), % of GDP Table F1.1 2012 2013 2014 2015 2016 Q2 16 Q3 16 Q4 16 Q1 17 Q2 17 Argentina 62.6 66.4 64.6 75.5 75.3 81.7 80.1 75.3 71.6 72.7 Australia 208.0

More information

Press-release 05 July 2018

Press-release 05 July 2018 Press-release 05 July 2018 June 2018 market increase is 10,8% Sales of new passenger cars and LCVs in Russia increased by 10,8% in June 2018 Among the top ten bestselling models so far, all models are

More information

Extended Warranties for New and Used Cars and LCVs in Latin America

Extended Warranties for New and Used Cars and LCVs in Latin America Extended Warranties for New and Used Cars and LCVs in Latin America Report Prospectus May 2018 Finaccord, 2018 Web: www.finaccord.com. E-mail: info@finaccord.com 1 Prospectus contents Page What is the

More information

NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION 1

NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION 1 PRESS EMBARGO: 8.00 AM (6.00 AM GMT), 19 April 2017 NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION 1 Passenger car registrations: +8.4% first three months of 2017; +11.2% in In 2017, EU passenger car registrations

More information

Central and Eastern Europe and the Financial Crisis: The Impact on the Banking Sector and the Leasing Market

Central and Eastern Europe and the Financial Crisis: The Impact on the Banking Sector and the Leasing Market Central and Eastern Europe and the Financial Crisis: The Impact on the Banking Sector and the Leasing Market Rainer Münz Erste Group Bank, Research & Development LEASEUROPE CESEE Seminar-2010, Budapest,

More information

World Air Conditioner Demand by Region

World Air Conditioner Demand by Region World Air Conditioner Demand by Region April 2015 The Japan Refrigeration and Air Conditioning Industry Association 1 World Air Conditioner Demand by Region April 2015 The Japan Refrigeration and Air Conditioning

More information

BMW Group posts record earnings for 2010

BMW Group posts record earnings for 2010 10.03.2011 BMW Group posts record earnings for 2010 Profit before tax rises to euro 4,836 million Profit before financial result climbs to euro 5,094 million Automobiles segment reports EBIT of euro 4,355

More information

San Diego Auto Outlook

San Diego Auto Outlook Covering First Quarter 2014 Volume 14, Number 2 Comprehensive information on the San Diego County new vehicle market FORECAST County New Vehicle Market Up 6.7% in First Quarter of 2014 Registrations predicted

More information

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS

FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS FISCAL YEAR MARCH 2018 FIRST QUARTER FINANCIAL RESULTS PRESENTATION OUTLINE Highlights Fiscal Year March 2018 First Quarter Results Fiscal Year March 2018 Full Year Forecast Structural Reform Stage 2 Progress

More information

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3)

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3) FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS New Mazda Axela (Overseas name: New Mazda3) Mazda Motor Corporation October 31, 2013 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2014 First Half

More information

Overview of Global Fuel Economy Policies

Overview of Global Fuel Economy Policies Overview of Global Fuel Economy Policies Zifei Yang Researcher 2018 APCAP Joint Forum and Clean Air Week Theme: Solutions Landscape for Clean Air Bangkok, Mar 20, 2018 What is ICCT? ICCT is an independent

More information

European Car and Light Commercial Vehicle Production Outlook

European Car and Light Commercial Vehicle Production Outlook Limited Edition: FREE copy European Car and Light Commercial Vehicle Production Outlook Produced and written by AutoAnalysis September 2010 For the full detailed analysis report, please click here The

More information

I. World trade in Overview

I. World trade in Overview I. World trade in - Overview Table I.1 Growth in the volume of world merchandise exports and production, 2-5 (Annual percentage change) 2-5 23 24 World merchandise exports 4.5 5. 9.5 6. Agricultural products

More information

Press-release 06 December 2018

Press-release 06 December 2018 Press-release 06 December 2018 November 2018 market increase is 10,1 % Sales of new passenger cars and LCVs in Russia increased by 10,1% in November 2018 Among the top ten bestselling models so far, all

More information

Conference on Regional Integration in Asia and the Emerging Trade Regime

Conference on Regional Integration in Asia and the Emerging Trade Regime ITC Geneva, ICRIER, CII Conference on Regional Integration in Asia and the Emerging Trade Regime Supply Chain Linkages across borders in Asia : Automobile Industry Dilip Chenoy Director General SIAM New

More information

FISCAL YEAR END MARCH 2013 FIRST HALF FINANCIAL RESULTS. New Mazda6 (Atenza)

FISCAL YEAR END MARCH 2013 FIRST HALF FINANCIAL RESULTS. New Mazda6 (Atenza) FISCAL YEAR END MARCH 2013 FIRST HALF FINANCIAL RESULTS New Mazda6 (Atenza) Mazda Motor Corporation October 31, 2012 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2013 First Half Results Fiscal Year

More information