خبرنامه و پادکست ماهانه خودرو
This month’s theme: A Rocky Recovery in the Second Year of the Pandemic
The February 2021 edition of the monthly newsletter reviewed vehicle sales in the year 2020, the first year of the pandemic. With 2021-H1 results in, time to revisit the pace of the recovery and current electrification trends during this second year of the pandemic.
Looking at the heat map of the Global Auto Demand Tracker, sales volume is mostly “green”, indicating recovery from the pandemic: First half (H1) 2021 sales for Greater China are up 31% year over year, North America is up 31%, Western Europe up by 30%.
Source: IHS Markit, © 2021 IHS Markit
Some roadblocks on the road to recovery remain however: In H1-2021, recovery could have been more pronounced if it was not for shocks on the supply side stemming from chip and raw material shortages. During H1, manufacturers’ revenue and profitability improved versus prior year as the red arrows in the chart indicate:
Source: IHS Markit, © 2021 IHS Markit
OEMs such as Daimler, BMW and Audi confirm that observation in their latest quarterly earnings reports: revenue growth was “supported by higher sales as well as a positive mix and price effects” (Audi H1-2021 earnings). In other words: Given the product shortage, vehicle manufacturers are prioritizing orders for high-margin vehicles and dealers reducing discounts. Typically, used vehicles would be considered a viable alternative, specifically in the 0-1 year age bracket. But the lack of new product availability has already negatively affected that particular age bracket across a number of countries such as the United States and the European Big 5 (France, Germany, Spain, United Kingdom and Italy). Suppliers on the other hand are concerned about inflation and their inability to pass on hiking raw material prices, leading to a squeeze in profit margins.
Proliferation of Battery-Electric Only Brands
Currently, there are about 30 brands focused on battery-electric vehicles only. These comprise of established brands such as Tesla, challengers like NIO, Weltmeister Motors or XPeng Motors. Notably, none of the latter was mass-producing vehicles as little as four years ago. Other brands are BEV-subsidiaries of established manufacturers like Great Wall (“Ora”) or Geely (“Geometry”). The proliferation of electric-only brands will continue with Lucid and Rivian entering mass-production shortly. Additional entrants like the technology company Xiaomi are yet to reach that state.
Source: IHS Markit, © 2021 IHS Markit
To keep abreast of the dynamic developments in the battery-electric domain, Global Auto Demand Tracker allows you to monitor the sales success of a new market entry, geographic spread, etc. For example, in H1-2021, about 10% (H1-2020: 6.5%) of global vehicle sales can be considered electrified, i.e. having a hybrid-, plug-in hybrid or battery-electric vehicles.
Inevitably, there will be consolidation of BEV companies which is all but a new phenomenon to the car industry: consolidation dates to the infancy of that industry itself. This time, the disruption to incumbent carmakers could in fact be tectonic, and a parallel can be drawn to the rise of low-cost airlines in the 1990s/ early 2000s when a bunch of airline startups began operations. Following a wave of consolidation, the remaining disruptors were thriving and continue to eat into the profit pools of incumbent airlines.
شیرجه عمیق تر
Access global automotive new car registrations – start your free trial
Brand loyalty among US auto consumers drops to 6-year low. Learn more.
Register Now: Oct 5 Webinar | EV Charging Deserts – Where should we build the oases?
US EPA released proposal to revise greenhouse gas emissions. Learn more.
- &
- 2020
- 2021
- اضافی
- مشاوره
- شرکت هواپیمایی
- هواپیمایی
- معرفی
- امریکا
- در میان
- تحلیل
- آئودی
- خودکار
- خودرو
- دسترس پذیری
- BMW
- مارک های
- ساختن
- دسته
- ماشین
- شارژ
- چین
- تراشه
- شرکت
- شرکت
- تثبیت
- مصرف کنندگان
- ادامه دادن
- کشور
- جاری
- دایملر
- تاریخ
- تقاضا
- مدیر
- قطع
- اخلالگران
- در اوایل
- درامد
- خوردن
- تولید گازهای گلخانه ای
- و غیره
- اروپا
- اروپایی
- EV
- اجرایی
- مدیر اجرایی
- نام خانوادگی
- فرانسه
- رایگان
- سوخت
- GAS
- هندسه
- آلمان
- جهانی
- بزرگ
- سبز
- گاز گلخانه ای
- انتشار گازهای گلخانه ای
- رشد
- پیاده روی
- HTTPS
- ترکیبی
- صنعت
- تورم
- IT
- ایتالیا
- آخرین
- برجسته
- یاد گرفتن
- وفاداری
- نقشه
- بازار
- بازار جدید
- محصول جدید
- عضویت در خبرنامه
- شمال
- شمال امریکا
- عملیات
- سفارشات
- دیگر
- بیماری همه گیر
- پادکست
- استخرها
- رئيس جمهور
- قیمت
- محصول
- سود
- سودبخشی
- طرح پیشنهادی
- خام
- بهبود
- گزارش ها
- نتایج
- درامد
- حراجی
- کمبود
- اسپانیا
- گسترش
- شروع
- نوپا
- دولت
- ایالات
- ماندن
- موفقیت
- تامین کنندگان
- عرضه
- پشتیبانی
- پیشرفته
- تسلا
- موضوع
- زمان
- روند
- متحد
- انگلستان
- ایالات متحده
- us
- وسیله نقلیه
- وسایل نقلیه
- در مقابل
- معاون رئیس جمهور
- حجم
- موج
- وبینار
- اروپای غربی
- کلمات
- Xiaomi
- XPENG
- سال
- سال