Automotive Report 01/14
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1 Automotive Report 01/14 Analysis of New Car Registrations in Europe and Italy - January Arthur D. Little S.p.A. Corso Monforte, Milan Via Sardegna, Rome Italy Tel Fax
2 Automotive Report Flash report January 2014 Executive Summary Europe Executive Summary In January 2014 New Cars Registrations increased by 5.2% in Europe* TOP 5 European market experienced an increase in January 2014: Germany +7.2%, United Kingdom +7.6%, France +0.5%, Italy +3.2% and Spain +7.6% respect January 2013 In the first month of 2014, among the Top 10 countries Ireland and Poland experienced the highest increase in New Cars Registrations (+32.8% and +11.2% respectively)... on the contrary Austria, The Netherlands and Belgium showed a decrease in New Cars Registrations in January 2014: -13.6%, -7.1% and -2.2% respectively respect the same month of 2013 Germany confirmed its position as the leading European country, with a market share of 21.3% (+0.4% vs 2013) followed by UK with a market share of 16.4%, increased of +0.4% respect the same month of By contrast, France and Italy s shares decreased by 0.6% and 0.2% respectively (Market Share: France 13.0%, Italy 12.2%) The analysis by brand pointed out, among the main brands, increase in volume for Dacia(+38.1%), Toyota (+15.2%) and Skoda (+10.3%) TOP 3 Premium Brands registered an increase in the first month of 2014: Audi +8.5%, BMW +1.4% and Mercedes Benz +1.0% respect 2013 *EU (from January 2014 also Croatia reported) + EFTA Countries (Iceland, Norway, Switzerland) 2
3 Automotive Report Flash report January 2014 Executive Summary Italy Executive Summary In January 2014 Italian market experienced an increase, with New Car Registrations up 3.2% relative to January 2013 An analysis by area pointed out that New Car Registrations were up in the North East, in the North West and in the Islands (+12.5%, +3.0% and +1.5% respectively in January 2014 vs January 2013) Fleet and Business segment pushed New Car Registrations in January with an increase of 22.4% and -3.0% respectively The analysis by Segment highlighted an increase in January 2014 for segment B (+13.2%), segment E (+11.3%) and segment F (+63.1%). The lunch of New Maserati Ghibli contributed to the performance of segment F The analysis of TOP 10 brand highlighted good performance in January 2014 for Peugeot (+29.6%), Renault (+27.9%) and Toyota (+22.7%) respect January 2013 BMW among the TOP 3 Premium Brands showed good performance in January 2014: +7.1% and +1.1% with respect to January
4 Automotive Report Agenda 1 Europe 1.1 Market Overview 1.2 New Car Registrations by Brand 2 Italy 2.1 Market Overview 2.2 Market Highlights 2.3 New Car Registrations by Brand 2.4 New Car Registrations by Group 2.5 Top Ten New Car Registrations by fuel type 2.6 New Car Registrations by Segment 3 Focus on Electric Vehicles Market (Hybrid and Pure Electric) 3.1 EV Market Overview in Italy 4 New Car Models launches in Italy 4.1 New Cars Models by Segment - Roadmap
5 Automotive Report Agenda 1 Europe 1.1 Market Overview 1.2 New Car Registrations by Brand 2 Italy 3 Focus on Electric Vehicles Market (Hybrid and Pure Electric) 4 New Car Models launches in Italy 5
6 1.1 Europe Market Overview Top 10 European Markets* January 2014 vs January EU New Car Registrations* , , ,2 +5, , , , , , # ## ## Ranking on January 2014 data New Car Registrations in Jan Δ% Jan / Jan ,6 +3,2 Source: ACEA, Arthur D. Little Analysis *EU (from January 2014 also Croatia reported) + EFTA Countries (Iceland, Norway, Switzerland) 6
7 1.1 Europe Market Overview Top 10 European Markets January 2014 Highlights Market Share % Volume Jan.14/13 40,0 30,0 32,8 # Country January 2014 January ,3% 20,9% 0,4% 2 16,0% 15,6% 0,4% UK 20,0 DE 11,2 7,6 IT 10,0 3,2 7,6 FR 0,5 0,0 0,0% -2,2 10,0% 20,0% -10,0 0,5-7,1-13,6-20,0 7,2 Market Share 3 13,0% 13,6% -0,6% 4 12,2% 12,4% -0,2% 5 5,5% 5,4% 0,1% 6 5,1% 5,5% -0,4% 7 4,6% 5,2% -0,6% 8 3,0% 2,9% 0,1% 9 2,5% 3,0% -0,5% -30,0 New Car Registrations Jan ,4% 1,9% 0,5% United Kingdom and Germany maintained a steady growth in Volume (+7.6% and +7.2%respectively) and Market Share (both +0.4% compared with 2013) Source: ACEA, Arthur D. Little Analysis 7
8 1.2 Europe New Car Registrations by Brand EU + EFTA Registrations Top 15 Brand January 2014 vs January 2013 * Tot. Vol M.S ,7% 6,9% 6,3% 6,1% 5,7% 5,6% 5,2% 5,1% 4,8% 4,7% 4,6% 4,4% 3,4% 3,2% 2,9% 38,1% 15,2% % 14/13 7,6% 8,8% 8,8% 3,8% 8,5% 4,8% 1,4% 1,0% 10,3% 5,2% -7,8% -2,8% -4,0% -5,5% M.S. 14/13 0,3 0,2 0,2-0,1-0,8 0,2 0,0-0,2-0,2-0,4 0,4 0,2-0,3-0,4 0,7 Source: ACEA, Arthur D. Little Analysis *Opel includes Vauxhall New Car Registrations 8
9 Automotive Report Agenda 0 Global Market Overview 1 Europe 2 Italy 2.1 Market Overview 2.2 Market Highlights 2.3 New Car Registrations by Brand 2.4 New Car Registrations by Group 2.5 Top Ten New Car Registrations by fuel type 2.6 New Car Registrations by Segment 3 Focus on Electric Vehicles Market (Hybrid and Pure Electric) 4 New Car Models launches in Italy 5 Italian Market Insights 9
10 Italy Market Overview Italian Market January 2014 vs January , ,5-4,2 Top 10 Brand Italy Δ% Jan / Jan , ,2 27,9 22, , ,7 12, ,6 7,1 +3,2 Δ% Jan / Jan Increase in the North East, in the North West and in the Islands in January 2014 Good performance for Pegeout,Renault and Toyota -9,4-15,0-4,3 10
11 2.1 Italy Market Overview Italian Market Variation of New Car Registrations 2014 vs 2013 (monthly value) 2014 starts with an increase of 3,2% of New Car Registrations 3,2 1,4 January February March April May June July August September October November December -1,9-2,9-4,9-4,5-5,5-5,6-6,6-8,0-10,8-17,6-17,4 13/ 12 14/ 13 11
12 Italy Market Highlights Market Highlights Italy January 2014 vs January 2013 Analysis by "Customer Segment" Analysis by " Fuel Type"* Fleet and Business segment pushed New Car Registrations in January Petrol 30,0% -3,1 +6,5-13,8 CNG 4,9% LPG 8,3% +50,3 EV 1,3% +9,2 Diesel 55,5% Retail Fleet Business -0,2 +22,4 +3,0 Analysis by Geographical Area Analysis by Car Segment , North-West North-East Centre South Islands A B C D E F Total +3,0 +12,5-4,2-0,2 +1,5-4,2 +13,2-3,9-5,8 11,3 63,1 *CNG: Compressed Natural Gas (Methane and Ethanol); EV: Electric Vehicle (Hybrid and Electric) %volume Jan.2014/Jan
13 2.3 Italy New Car Registrations by Brand New Car Registrations by Brand January 2014 (1/3) Market Share % 21,0 8,0 6,3 5,4 5,3 4,8 4,8 4,8 4,2 4,2 3,4 3,1 2,9 2,9 2, Volume ,3 Volume 14/13 % -4,3 9,6 12,3 29,6 27,9 13,7-9,4-15,0 22,7 7,1-13,3-1,9 1,1-9,5 M.S. 14/13 % -1,65 0,47 0,51 1,10 1,03 0,44-0,67-1,02 0,66 0,15-0,64-0,17-0,06 1,37-0,38 13
14 2.3 Italy New Car Registrations by Brand New Car Registrations by Brand January 2014 (2/3) Market Share % 2,4 2,0 1,9 1,4 1,3 1,2 1,0 1,0 0,8 0,8 0,4 0,4 0,4 0,3 0,2 Volume Volume 14/13 % M.S. 14/13 % 20,2 20,4 16,6 6,9 7,7 5,6 7,6-0,3-5,9-4,6-9,6-7,4-10,9-14,4-15,4-0,33-0,42 0,06-0,16 0,18 0,05-0,04 0,14 0,02-0,17-0,07 0,04-0,04-0,03 0,00 14
15 2.3 Italy New Car Registrations by Brand New Car Registrations by Brand January 2014 (3/3) Market Share % 0,2 0,1 0,1 0,1 0,1 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 0,0 234 Volume Volume 14/13 % M.S. 14/13 % 100,0 50,0 60,0 N/A 3,6 N/A -15,2-6,9-25,0-49,5-57,9-63,3-66,7-50,0-75,0-0,21 0,09-0,02 0,00 0,03-0,01-0,03 0,01 0,00-0,02-0,01 0,00 0,00 0,00 0,00 15
16 2.4 Italy New Car Registrations by Group New Car Registrations by Group TOP 15 Groups - January 2014 Group Brand Volume Delta Volume 2014 vs 2013 Market Share (%) 1 FIAT ,3 28,4 2 VOLKSWAGEN ,3 14,0 3 PSA ,8 10,2 4 RENAULT ,9 8,2 5 GM ,7 6,7 TOP5: 67,5% 6 FORD ,3 6,3 7 HYUNDAI ,5 5,1 8 DAIMLER ,7 4,6 9 TOYOTA ,5 4,3 10 BMW ,1 4,2 TOP10: 92,0% 11 NISSAN ,1 3,4 12 JAGUAR&LROVER ,9 1,3 13 SUZUKI ,3 1,0 14 VOLVO ,4 0,8 15 HONDA 475-5,9 0,4 16
17 Diesel Methane Petrol LPG 2.5 Italy Top Ten New Car Registrations by fuel type Top Ten New Car Registrations Petrol, Diesel, LPG, Methane January 2014 PANDA FIESTA YPSILON YPSILON CORSA 775 PUNTO FORTWO PUNTO 588 YARIS PANDA 510 POLO DUSTER 504 C SANDERO 478 CLIO 993 CLIO 476 I SPARK L PANDA GOLF PUNTO C L 639 CLIO UP! 605 PUNTO YPSILON 541 PANDA QUBO ZAFIRA 242 POLO MII 147 A CLASS TOURAN 55 FIESTA PASSAT 54 17
18 2.6 Italy New Car Registrations by Segment Segment A Utility\City Class Top 10 January 2014 Segment Market Share 40,3% Seg. A Market Share % -1,4 17,7 18,6% 8,0% 5,7% 5,0% 4,0% 3,1% 2,4% 2,2% 1,5% PANDA 500 FORTWO UP! I10 SPARK AYGO ADAM KA C1 Registrations % Jan.14/13-12,2% 17,1% -7,4% 39,2% 31,0% -1,6% 4,2% N/A -23,7% -49,1% 18
19 2.6 Italy New Car Registrations by Segment Segment B Supermini Class Top 10 January 2014 Segment Market Share Seg. B Market Share % 11,0% 9,9% +3,9 +3,1 44,7 8,6% 6,7% 6,7% 6,1% 5,4% 4,7% 4,3% 3,6% PUNTO YPSILON 500L CLIO C3 FIESTA POLO YARIS Registrations % Jan.14/13-7,9% 36,5% 45,2% 9,0% 12,5% 25,1% 0,7% 26,1% -6,1% N/A 19
20 2.6 Italy New Car Registrations by Segment Segment C Medium Class Top 10 January 2014 Segment Market Share Seg. C Market Share % 12,3% -1,7 23,5 6,2% 5,9% 5,5% 5,1% 5,0% 4,5% 4,4% 3,5% 3,5% GOLF QASHQAI GIULIETTA A CLASS DUSTER A3 SPORTAGE FOCUS C-MAX IX35 Registrations % Jan.14/13 28,0% -28,4% -19,0% -6,2% 36,8% N/A 11,5% 6,6% -7,6% N/A 20
21 2.6 Italy New Car Registrations by Segment Segment D Upper Medium and Executive Class Top 10 January 2014 Segment Market Share Seg. D Market Share % -1,1 11,6 7,3% 6,7% 5,9% 5,6% 5,4% 5,4% 5,3% 5,2% 4,8% 4,0% Q3 3 SERIES RANGE EVOQUE X1 A4 FREEMONT TIGUAN RAV4 PASSAT OCTAVIA Registrations % Jan.14/13-3,3% -9,3% -9,4% 0,0% -27,2% -37,5% -18,8% N/A 18,6% N/A 21
22 2.6 Italy New Car Registrations by Segment Segment E Luxury Class Top 10 January 2014 Segment Market Share 17,7% 16,9% Seg. E Market Share % 0,2 2,2 11,7% 9,2% 8,3% 7,3% 5,5% 2,8% 2,8% 2,4% SERIES RANGE SPORT A6 GR.C.KEE E CLASS M CLASS CAYENNE X5 XF TOUAREG Registrations % Jan.14/13-4,7% 317,0% -1,6% 49,7% 35,6% -34,4% 2,1% N/A -28,8% N/A 22
23 2.6 Italy New Car Registrations by Segment Segment F Ultra Luxury Class Top 10 January 2014 Segment Market Share Seg. F Market Share % 0,1 0,4 24,3% 23,2% 13,2% 7,3% 6,4% 4,5% 3,6% 3,0% 2,5% 2,0% GHIBLI 911 PANAMERA A8 S CLASS 458 F-TYPE 7 SERIES Q.TROPRTE 6 SERIES Registrations % Jan.14/13 N/A 9,7% 26,1% 52,4% 211,1% 150,0% N/A -31,6% N/A N/A 23
24 Automotive Report Agenda 1 Europe 2 Italy 3 Focus on Electric Vehicles Market (Hybrid and Pure Electric) 3.1 EV Market Overview in Italy 4 New Car Models launches in Italy 24
25 3.1 Focus on Electric Vehicles Market (Hybrid and Electric) EV Market Overview in Italy Breakdown New Car Registrations hybrid vs pure electric vehicles EV Registrations Trend - Volume, Delta YoY and EV Market Share, Jan Delta YoY N/A -0,6% 126,7% 50,3% M.S. 0,3% 0,3% 0,9% 1,3% Hybrid and Pure Electric Vehicles Trend - Volume Jan Electric Hybrid Hybrid Vehicles TOP 5 Jan Pure Electric Vehicles TOP 5 Jan YARIS 686 LEAF 10 AURIS 647 ZOE 8 PRIUS 39 MODEL S 6 IS 36 I FORTWO 3 25
26 Automotive Report Agenda 1 Europe 2 Italy 3 Focus on Electric Vehicles Market (Hybrid and Pure Electric) 4 New Car Models launches in Italy 4.1 New Cars Models by Segment - Roadmap
27 4.1 New Cars Model launches in Italy Roadmap 2014 New Cars Models by Segment A Utility/City Class and B Supermini Class Segments January - March April - June July - September October December «A» Segment I10 Gpl C1 108 e-up! Adam Rocks Alto + Twingo Panda Cross fortwo Aygo Adam L0 3 cilindri «B» Segment EcoSport Mini Mokka Gpl Mito QV THP 110 CV Ypsilon Polo DS3 500X forfour i20 Corsa B-Suv Mini 5 porte Meriva Cross Polo Yaris Commercial Launch of New Model Facelift / Technical Update Launch Done Launch Anticipated Launch Postponed to 2015 Source: Quattroruote (Jan.2014); Arthur D. Little Analysis 27
28 4.1 New Cars Model launches in Italy Roadmap 2014 New Cars Models by Segment C Medium Class and D Upper Medium Class Segments «C» Segment January - March April - June July - September October December A3 Cabrio Serie 2 Mégane Verso 1.6 diesel RCZ R GLA Leon ST Leon Cupra A3 g-tron Qashqai S3 Sedan XV Golf R Duster Sportage Gpl Korando Yeti Leon Metano Giulietta QV Civic Tourer Sportage Golf-e Soul Golf Sportsvan Golf Metano 308 Blue HDI S1 S3 Cabrio GLA 45 AMG Civic Leon 4x4 308 SW CR-V C-Max Energi Cherokee X-Trail Octavia Scout Countryman Scirocco C4 Cactus Focus Active Tourer Soul EV A3 e-tron Venga B Class Jetta Golf Ibrida plug-in «D» Segment C Class Grand Santa Fe Serie 4 Cabrio WRX STi M3 X3 Serie 4 GC C Wagon X4 RC Coupé 4C Cabrio Freemont Cross Outlander PEHV Macan Camaro M4 508 M4 Cabrio Commercial Launch of New Model Facelift / Technical Update Launch Done Launch Anticipated Launch Postponed to 2015 Source: Quattroruote (Jan.2014); Arthur D. Little Analysis 28
29 4.1 New Cars Model launches in Italy Roadmap 2014 New Cars Models by Segment E Luxury Class and F Ultra Luxury Class Segments January - March April - June July - September October December «E» Segment Range Hybrid Genesis X6 Touareg Corvette Sting Ray Range Rover LWb Sport Hybrid Corvette Cabrio Range Rover Sport RS LF-NX CLS ELR Escalade CTS Sedan Cayenne «F» Segment 918 Spyder Panamera Turbo S 458 Special Huracan 911 Targa California Turbo Ghost Quattroporte VG Diesel i8 S Coupé S8 Continental GT Continental GTC 911 GT3 RS F-type Coupé S 500 Hy plug-in S 300 Hy Blue Tec Commercial Launch of New Model Facelift / Technical Update Launch Done Launch Anticipated Launch Postponed to 2015 Source: Quattroruote (Jan.2014); Arthur D. Little Analysis 29
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