The performance of the automotive world.
The JATO Dynamics of Brazil, the leading provider of automotive information and releases its monthly release with data of vehicles sold globally in 2010. China ended the year as the overwhelming leader in the automotive market with growth of 35.1% compared to 2009, surpassing 13 million cars. Secondly there are the U.S., an increase of 11.2%, and Japan, up 7.5%. Chinese data include only passenger cars. For the remaining countries the figures include cars and light commercials.Brazil maintained the 4th place achieved in August last year with 10.5% increase in car sales. Germany got 21.9% drop in sales in 2010 and kept his No. 5. The United Kingdom increased by 3.3%, coming in eighth place. Italy continues on a downward trend with sales 8.4% lower. The other BRIC countries, Russia and India continue to grow in the comparative periods, with increases of 30.3% and 34.2% respectively."China is consolidated in one place and Brazil took the 4th position. The most interesting is that the BRIC block is strengthened and we may have already in 2011, India in 5th place and Russia in 8, showing that emerging countries are increasingly mature and developing well-structured and stronger, "said Luiz Carlos Augusto, CEO of Jato Dynamics in Brazil.Performance marksToyota maintained its lead in sales in 2010, followed by Volkswagen and Ford. Chevrolet had a significant increase in the year of 22.2% over the previous year, holding fourth place. Highlights for the Kia had the biggest percentage change among the top 10 brands, with growth of 22.8%."The increase in sales of the Chevrolet was really fantastic, customer focus has seen a significant growth for the brand. In Brazil, the Chevrolet vehicles sold in 2010 61.637 more than in 2009, the automaker with the greatest increase in the number of cars sold. There will be no surprise if in 2013 is in second place ranking.The KIA also had an excellent performance in the Brazilian market, growing over 125%. At this rate we can expect to 9th place in late 2011, "added August."The closing of the year was positive for the region. The highlight was Brazil who took 4 th place and consolidates every month at this level. Growth in Argentina was very good, hope this year the country maintains the pace, which will not be easy, "said Luiz Carlos Augusto.
Source: Tribuna do Norte
Auto sales rise 15.3% but slump is expectedPASSENGER car sales in China totaled 1.4 million units in January, up 15.3 percent from a year earlier, according to the China Passenger Car Association yesterday.
However, passenger car sales, including automobiles, multi-purpose vehicles, sport-utility vehicles and minivans, fell 4.8 percent from December as government incentives ended and cities restrained vehicle purchases to ease traffic problems.
All categories, except minivans, reported negative growth in January from a month earlier with the biggest drop in car sales, which fell 10.3 percent to 965,238 units.
China's auto sales surged 32 percent to more than 18 million units last year, driven by government stimulus measures including favorable tax rebates on fuel-efficient vehicles as well as subsidies for rural purchases.
Industry analysts expect market growth to slow this year now that incentives have expired and cities like Beijing have introduced policies to limit the number of cars purchased each month to deal with gridlocked streets.
Rao Da, the association's secretary general, said the withdrawal of government incentives will lead to a drop in vehicle sales.
"January's record sales were an extension of last year's market boom and the sales cooled notably at the end of last month," he said. "The negative growth month to month and a rising inventory show signs of a slumping market."
The association predicted February sales would drop 35 percent from January, which would be the largest decline on record, due to the Chinese New Year holiday.
Shanghai General Motors was the top seller among domestic car makers with 131,944 vehicles sold last month. It was followed by Shanghai Volkswagen and FAW Volkswagen, which sold 100,108 units and 91,288 units respectively.
Despite the end of the government stimulus, the China Association of Automobile Manufacturers earlier said auto sales may still increase 10 to 15 percent this year due to solid demand.
Source:Shanghai Daily
Volkswagen, GAZ team up in auto joint venture-sources
* VW, GAZ venture to produce 300,000 units a year in Russia* JV to produce Volkswagen and Skoda brands* Firms decline comment, VW in Oct said in advanced talks(adds details)MOSCOW, Feb 18 (Reuters) - Germany's Volkswagen (VOWG_p.DE) and Russia's GAZ Group (GAZA.RTS) plan a joint venture to produce 300,000 cars per year in Russia, two auto industry sources told Reuters on Friday.The joint venture will make a range of Volkswagen brands including the Jetta, Skoda Octavia and Skoda Yeti models, the sources said.The Russian press departments of both firms declined to comment on the matter.Volkswagen had said in October it was in advanced talks on manufacturing vehicles together with GAZ. [ID:nLDE69J0TW]Foreign carmakers have stepped up efforts to form partnerships with local Russian firms to increase production, which then allows them to take advantage of government incentives and meet growing demand as the Russian market revives.Russian car maker Sollers (SVAV.MM) and U.S. giant Ford (F.N) also said on Friday they would team up to produce cars and vans for the local market.Sollers had originally planned a joint venture with Fiat (FIA.MI). [ID:nLDE71H13Y]The Boston Consulting Group said this week Russia would be the sixth-largest global auto market by 2020, with annual sales of 4 million units, up from its current 10th position.Russia will overtake Germany by 2018 as the largest producer of passenger cars and light commercial vehicles in Europe, the consultancy said.INCENTIVE PROGRAMME
The performance of the automotive world.
The JATO Dynamics of Brazil, the leading provider of automotive information and releases its monthly release with data of vehicles sold globally in 2010. China ended the year as the overwhelming leader in the automotive market with growth of 35.1% compared to 2009, surpassing 13 million cars. Secondly there are the U.S., an increase of 11.2%, and Japan, up 7.5%. Chinese data include only passenger cars. For the remaining countries the figures include cars and light commercials.
Brazil maintained the 4th place achieved in August last year with 10.5% increase in car sales. Germany got 21.9% drop in sales in 2010 and kept his No. 5. The United Kingdom increased by 3.3%, coming in eighth place.
Italy continues on a downward trend with sales 8.4% lower. The other BRIC countries, Russia and India continue to grow in the comparative periods, with increases of 30.3% and 34.2% respectively.
"China is consolidated in one place and Brazil took the 4th position. The most interesting is that the BRIC block is strengthened and we may have already in 2011, India in 5th place and Russia in 8, showing that emerging countries are increasingly mature and developing well-structured and stronger, "said Luiz Carlos Augusto, CEO of Jato Dynamics in Brazil.
Performance marks
Toyota maintained its lead in sales in 2010, followed by Volkswagen and Ford. Chevrolet had a significant increase in the year of 22.2% over the previous year, holding fourth place. Highlights for the Kia had the biggest percentage change among the top 10 brands, with growth of 22.8%.
"The increase in sales of the Chevrolet was really fantastic, customer focus has seen a significant growth for the brand. In Brazil, the Chevrolet vehicles sold in 2010 61.637 more than in 2009, the automaker with the greatest increase in the number of cars sold. There will be no surprise if in 2013 is in second place ranking.The KIA also had an excellent performance in the Brazilian market, growing over 125%. At this rate we can expect to 9th place in late 2011, "added August.
"The closing of the year was positive for the region. The highlight was Brazil who took 4 th place and consolidates every month at this level. Growth in Argentina was very good, hope this year the country maintains the pace, which will not be easy, "said Luiz Carlos Augusto.
Source: Tribuna do Norte
Auto sales rise 15.3% but slump is expected
PASSENGER car sales in China totaled 1.4 million units in January, up 15.3 percent from a year earlier, according to the China Passenger Car Association yesterday.
However, passenger car sales, including automobiles, multi-purpose vehicles, sport-utility vehicles and minivans, fell 4.8 percent from December as government incentives ended and cities restrained vehicle purchases to ease traffic problems.
All categories, except minivans, reported negative growth in January from a month earlier with the biggest drop in car sales, which fell 10.3 percent to 965,238 units.
China's auto sales surged 32 percent to more than 18 million units last year, driven by government stimulus measures including favorable tax rebates on fuel-efficient vehicles as well as subsidies for rural purchases.
Industry analysts expect market growth to slow this year now that incentives have expired and cities like Beijing have introduced policies to limit the number of cars purchased each month to deal with gridlocked streets.
Rao Da, the association's secretary general, said the withdrawal of government incentives will lead to a drop in vehicle sales.
"January's record sales were an extension of last year's market boom and the sales cooled notably at the end of last month," he said. "The negative growth month to month and a rising inventory show signs of a slumping market."
The association predicted February sales would drop 35 percent from January, which would be the largest decline on record, due to the Chinese New Year holiday.
Shanghai General Motors was the top seller among domestic car makers with 131,944 vehicles sold last month. It was followed by Shanghai Volkswagen and FAW Volkswagen, which sold 100,108 units and 91,288 units respectively.
Despite the end of the government stimulus, the China Association of Automobile Manufacturers earlier said auto sales may still increase 10 to 15 percent this year due to solid demand.
Source:Shanghai Daily
However, passenger car sales, including automobiles, multi-purpose vehicles, sport-utility vehicles and minivans, fell 4.8 percent from December as government incentives ended and cities restrained vehicle purchases to ease traffic problems.
All categories, except minivans, reported negative growth in January from a month earlier with the biggest drop in car sales, which fell 10.3 percent to 965,238 units.
China's auto sales surged 32 percent to more than 18 million units last year, driven by government stimulus measures including favorable tax rebates on fuel-efficient vehicles as well as subsidies for rural purchases.
Industry analysts expect market growth to slow this year now that incentives have expired and cities like Beijing have introduced policies to limit the number of cars purchased each month to deal with gridlocked streets.
Rao Da, the association's secretary general, said the withdrawal of government incentives will lead to a drop in vehicle sales.
"January's record sales were an extension of last year's market boom and the sales cooled notably at the end of last month," he said. "The negative growth month to month and a rising inventory show signs of a slumping market."
The association predicted February sales would drop 35 percent from January, which would be the largest decline on record, due to the Chinese New Year holiday.
Shanghai General Motors was the top seller among domestic car makers with 131,944 vehicles sold last month. It was followed by Shanghai Volkswagen and FAW Volkswagen, which sold 100,108 units and 91,288 units respectively.
Despite the end of the government stimulus, the China Association of Automobile Manufacturers earlier said auto sales may still increase 10 to 15 percent this year due to solid demand.
Source:Shanghai Daily
