PSA implements new Back in the Race recovery plan

Forms alliance with Dongfeng; sets sales goal of 1.19 million units in China by 2018

2014/05/22

Summary

PSA light vehicle forecast
PSA results

PSA’s performance declines
PSA's sales volume in 2013 fell 4.9% to 2,819,000 units on a year-over-year(y/y) basis. The sales volume has been declining since 2010, posting a net loss of EUR 5.01 billion in 2012 and despite the loss being halved, a net loss of EUR 2.32 billion in 2013.

New management plan: “Back in the Race”
 In April 2014, PSA announced a new business plan called "Back in the Race" for improved management. It sets targets of achieving an operating cash flow of EUR 2 billion in total during 2016-2018 and of increasing the operating profit margin of the automotive division 2% by 2018 and 5% by 2023. The business plan consists of four pillars: 1. Clarifying each brand distinction, 2. Enhanced planning of models/Introducing models geared for markets, 3. Expansion outside Europe and finding new markets, 4. Cost reduction

Dongfeng investment and China as core market
PSA formed a capital alliance with Dongfeng Motor Corporation (DFM) in March 2014 and the company enhances its business in the Chinese market, aiming to sell 1.19 million units in 2018 (557,000 units in 2013), expand sales of DS-Line and will establish the region as a base of export to Southeast Asian countries.
LMC Automotive forecasts that PSA's light vehicle sales volume (passenger cars and light commercial vehicles with a gross vehicle weight of under 6 tons) in China will exceed France and will be the largest market for PSA by 2014

(Sales forecast up to 2017 provided at the end of this report.)

Related Reports:
Beijing Auto Show 2014: Japanese, European & American green vehicles  (May 2014)
European OEMs: 2013 results and 2014 outlook (April 2014)
Dongfeng Motor strengthens proprietary & JV brand businesses (Jan 2014)



PSA’s new management plan”Back in the Race”

 In April 2014, Carlos Tavares, the new CEO of PSA Peugeot Citroën (the former Renault COO) announced "Back in the Race." The business plan consists of the following four pillars.
 

Four strategies in "Back in the Race"

1. Clarifying each brand distinction and proper pricingDS-Line * PSA will establish DS-Line as an independent luxury brand, aiming to boost the sales ratio outside Europe from 13% in 2013 to 50% by 2016 and to 60% by 2020.
* PSA will promote 3 new models during 2014-2017 and 5 next-generation models during 2018-2020 in the Chinese and global markets.
Peugeot * PSA aims to make Peugeot the brand leader in the middle price range.
* PSA will shrink the pricing gap of -6.5% compared to best-in-class competitor in Europe to -4.7% by 2016 and to -3% by 2020.
* PSA will improve the model value to achieve slower price erosion.
Citroen * PSA will position Citroen as a brand in the affordable price range, making it superior in both total cost of ownership and vehicle price.
2. Model strategy enhancement * PSA will reduce and restructure 45 models deployed in 2014 to 26 models by 2022 with an expected cost reduction of EUR 300 million per year.
 (Peugeot: 25; Citroen: 15; DS-Line: 5 in 2014 ⇒
Peugeot: 13; Citroen: 7; DS-Line: 6 in 2022)
* To decrease the number of all-brand models built in a single market from 29 in 2014 to 12 by 2022.
* To increase the ratio of all-brand models built in at least two markets in the entire PSA from 36% to 54%.
* To reduce 7 types of platforms and 18 kinds of passenger car control programs used for production of vehicles in 2014 to 2 types of platforms (EMP1 and EMP2, except for platforms shared with other OEMs) and 5 kinds of passenger car programs in 2022 to achieve cost reduction.
3. Globalization efforts: Aims to boost earnings outside EuropeEurope * PSA will differentiate each brand and cut costs to boost earnings.
China * PSA will design the lineup more suitable for each market, aiming to increase the sales from 557,000 units in 2013 to 970,000 units in 2016 and further to 1.19 million units in 2018.
Latin America/ Russia * PSA will reduce models that overlap in segments, will optimize factory operation ratio and will increase the local procurement ratio to cut costs.
Asia * In Asian countries, PSA will promote export from China to respective countries and local production through complete knockdown production (CKD).
Other Markets * To develop strategies for African and Middle Eastern markets as well as "post-BRICs markets" and strengthen sales there.
4. Cost reduction involving Europe * To lower a sales volume at which the break-even point is reached, PSA aims to: 1) cut the fixed costs by EUR 250 million, 2) cut the cost of products by 4%, and 3) increase the price-setting by 2%.
* PSA will cut costs in production, marketing, R&D, and IT system aspects.
* PSA will cut production and equipment costs in the automotive division from EUR 4.5 billion in 2013 to EUR 3.5 billion a year by 2016.

PSA targets

* To achieve positive operational free cash flow by 2016.
* To achieve a positive operational free cash flow of EUR 2 billion in total during 2016-2018.
* To achieve an operating margin of 2% by 2018 and reach an operating profit margin of 5%
during 2019-2023 (the next mid-term plan).


China: partnership and production enhancement

China is an important market for PSA. In order to bolster production capacity and triple sales volume by 2020, PSA formed a capital alliance with Dongfeng Motor Corporation (DFM). Production of the DS-Line started at a joint plant of Changan PSA Automobile. PSA will organize the local production network to enhance business in the market.

 

Citroen DS 6WR MPVモビリオ
                         Citroen DS 6WR
A locally-built model is expected to be launched in the latter half of 2014.
         (photographed at Beijing Motor Show)
                           Peugeot 408
The model will be built at the Wuhan plant and is expected to be launched between Jul.—Aug. 2014
            (photographed at Beijing Motor Show)

 

Capital alliance with DFM

Capital alliance with DFM

In March 2014, PSA formed a capital alliance with Dongfeng Motor Corporation (DFM). The two companies estimate that a synergy effect in production will be EUR 400 million per year in 2020. The two companies implement the following strategies:
* To increase production by Dongfeng-Peugeot-Citroen Automobile (DPCA) to achieve annual production and sales target at 1.5 million units a year by 2020.
* To jointly set up a R&D center to develop vehicles for China and emerging markets.
* To establish a joint venture to facilitate sales of Peugeot, Citroen, Dong feng Feng sheng (DPCA's own brand) in Southeast Asia and other emerging markets.
Capital investment from DFM and the French government completed In May 2014, PSA announced the completion of capital investment in PSA by the French government and DFM. PSA implemented a capital increase of EUR 3 billion. The French government and DFM bankrolled EUR 1.05 billion in total. The government and DFM each acquired PSA stake of 14%, which resulted in  a share ratio equivalent to that of the Peugeot founding family.

 

Production capacity expansion

Shenzhen plant of Changan PSA starts operations In September 2013, PSA began operations of a new vehicle assembly plant of Changan PSA Automobile Co., Ltd (Changan PSA, a joint venture with Changan Automobile). The plant started production of DS brand models. The plant is located at LongHua New District, Shenzhen, Guangdong Province and has a site area of 1.3 million square with production capacity of 200,000 units. Its  capacity is expected to be increased to 500,000 units including production of passenger cars, commercial vehicles and new energy vehicles.
Wuhan third plant starts operations In July 2013, DPCA, the joint venture between PSA and DFM, began operation of the third plant which had been constructed in Wuhan, Hubei Province. The third plant has a production capacity of 150,000 units. Its capacity is projected to be increased to 300,000 units by 2015, leading to total capacity of 750,000 units at all the  Wuhan plants in 2015 (the first plant: 300,000; the second plant: 150,000). The first and third plants primarily produce middle and entry models while the second plant produces high-end models.


France: to boost production and reduce costs by staff cutbacks

 PSA will increase production of the Peugeot 2008 and adjust production capacity to accommodate the production of premium brand models. On the other hand, the company discontinued vehicle production at the Aulnay plant and will carry out cost reduction measures including the plan for reducing the workforce based on the New Social Contract that PSA reached an agreement with the major trade unions.

Boost production thanks to buoyant sales and preparation for production of a succeeding model

To boost Peugeot 2008 production at Mulhouse plant In April 2014, PSA announced that it will increase the production of Peugeot 2008 at the Mulhouse plant because of brisk sales. It will increase the production volume of the model to 860 units a day and add operating hours equivalent to a half-day run of the regular shift in nighttime. Meanwhile, it will reduce a half-day shift added to the production line of the Citroen C4 and DS4 in July to allocate it to the production of the Peugeot 2008. (The sales volume is 74,428 units in 2013 and 39,706 units in the first quarter of 2014)
To boost  Peugeot 308 production at Sochaux plant In March 2014, PSA announced a plan to increase production of new Peugeot 308 at the Sochaux plant. It will introduce a nighttime shift from June 2014. To accommodate increased production, PSA plans to increase the staff by 600, of which 450 are expected to be temp workers and the rest is workers transferred from other plants. The number of orders for the new 308 has reached 60,000 since the release in October 2013. (The sales volume is 240,713 units in 2013 (including the former version) and 58,516 units in the first quarter of 2014)
To produce successor to Peugeot 5008 is scheduled at Rennes plant In November 2013, PSA announced that it would start producing a new C segment vehicle at the Rennes plant from mid-2016. It will invest EUR 90 million in preparation for production of the model, a successor to the Peugeot 5008 SUV.  The SUV will be built on the Efficient Modular Platform 2 (EMP2). The model will be launched in Europe and other markets by the end of 2016 and PSA estimates that the production volume will be 70,000 units a year in 2017.
To boost AT production in response to increased demand in China In March 2014, PSA announced a plan for increasing production of automatic transmissions at the Valenciennes parts plant to meet increased demand in China. PSA will add nighttime and weekend shifts in order to additionally produce 5,500 "AL4" automatic transmissions during April to June.

 

Personnel cutbacks; adjustment of production capacity and network

Personnel cutbacks in France to reduce costs In October 2013, PSA reached an agreement with the four major labor unions (CFE/CGC, CFTC, FO, GSEA) on the New Social Contract. The contents of the Contract includes sustaining assembly plants and maintaining the framework of producing one million vehicles a year in France until 2016. It also contains salary freeze, overtime pay reduction and flexible adjustment in working hours in 2014. It was reported in January 2014 that PSA was considering reduction of 1,500 workers in addition to the plan of slashing 11,200 workers in total in France by 2015.
PSA and Renault dissolves cross-shareholding in two plants in France In November 2013, PSA and Renault announced the dissolution of cross-shareholding in their engine and transmission plants. The two companies ended cooperation for the production of engines and transmissions, which had continued since 1969. PSA will acquire all the Douvrin engine plant shares which are held fifty-fifty by the both companies. Renault will acquire the remaining 20% of the Ruitz transmission plant shares, 80% of which is held by Renault.
Vehicle production at Aulnay plant terminated  In October 2013, PSA announced the discontinuation of vehicle production at the Aulnay plant. Although production was initially scheduled to end in 2014, transfer of the workers to other plants was completed earlier than expected. Thus, the plant was closed earlier than its original schedule. Production of the Citroen C3 was transferred from the Aulnay plant to the Poissy plant.
PSA adjusts production capacity of Poissy plant    It was reported in January 2014 that PSA would reduce one shift in the Peugeot 2008 production line at the Poissy plant. PSA plans to transfer 550 workers to the first line where Citroen DS3, DS3 Cabrio and Citroen C3 are produced in order to accelerate the pace of production.
The Poissy plant is scheduled to concentrate on production of B segment premium models. PSA is scheduled to disclose a high-end Citroen DS3 model and the Peugeot 208 GTI in 2015. The annual production capacity at the Poissy plant is 400,000 units and it produced 278,000 units in 2013.


Activities in Spain, Italy, Brazil and Kazakhstan

Spain

PSA and GM jointly produce new-model MPV at Opel plant in Spain  In October 2013, PSA announced that it would jointly produce a B segment new-model MPV with GM at the Zaragoza plant, a production base of Opel in Spain. The model is scheduled to be launched by the end of 2016. According to the plan, an engineering team of Opel will take the lead in the joint project in which PSA platform and powertrain are used.

 

Italy

PSA and FIAT invest a total of EUR 700 million in developing new van models  It was reported in July 2013 that PSA agreed with FIAT to jointly invest EUR 700 million in developing new commercial van models. Out of the total investment, EUR 550 million will be invested by FIAT and EUR 150 million by PSA. It will be used for the development of new Fiat Ducato, Peugeot Boxer, Citroen Jumper models as well as capital investment in plants. The models will be produced in Italy at the Val di Sangro plant of Sevel S.p.A., a 50-50 joint venture of the two companies.

 

Brazil

650 workers reduced in Brazil In February 2014, PSA announced that it would slash 650 workers at the Porto Real plant in Rio de Janeiro. Out of vehicles produced at the plant, 40% is bound for export, and most of the remaining vehicles is for Argentina. The government of Argentina, however, announced that it would cut the number of vehicles to be imported in 2014 by 27.5%.
PSA plans to decrease the daily production volume from 630 units to 450 units, and the number of shifts from 3 shifts to 2 at the Porto Real plant. It also plans to reduce 650 workers out of 3,000 over 2 to 5 months.

 

Kazakhstan

Assembly and sales started in Kazakhstan In September 2013, PSA set up an assembly and distribution base, the first in the nation, in Almaty city in Kazakhstan. In March 2013, PSA concluded a contract on production and sales with a local company, Agromash Holding (AMH), that produces agricultural machineries and automobiles.  PSA began assembly and production of 4,000 units per year at the Kostanay plant in the northern part of Kazakhstan. It will be scaled up to 10,000 units in the future. A range of models including the Peugeot 301, 508, 3008, and Partner are produced and launched by AMH. PSA will also start import and sales of the Peugeot 408 which is produced at the Kaluga plant of PCMA Rus, a joint venture in Russia between PSA and Mitsubishi. The sales targets are 3,000 units for 2014 and 15,000 units for 2017.


PSA 2013 sales decreased by 4.9% y/y to 2.82 million units

 PSA Europe vs Ex-Europe Sales2013 global sales (including CKD vehicles) fell by 4.9% y/y to 2.82 million units. The sales decrease is largely attributed to shrinking sales in Europe and the suspension of export of CKD kits to Iran. Sales volume in Europe declined by 7.3% from the previous year to 1.63 million units and the CKD exports fell by 99.3% to 1000 units.

 In the meantime, sales volume in China has been increasing since 2008 and it grew by 26.0% y/y to 557,000 units in 2013. By brand, sales of Citroen slightly increased by 0.1% from the previous year to 1.27 million units while Peugeot declined by 8.7% to 1.55 million units.

 By model, sales of the Peugeot 208, the Peugeot 3008 and the Citroen C4 grew by 51.5%, 29.9% and 7.4% y/y to 334,000, 141,000 and 283,000 units, respectively((Click here to see the list of sales by models).

  In the first quarter of 2014, global sales increased by 7.6% y/y to 726,000 units. By region, sales in Europe grew by 16.0% to 443,000 units while sales in China increased by 18.2% to 169,000 units. By brand, sales of the Citroen and the Peugeot grew by 8.0% and 7.3% y/y to 326,000 and 399,000 units, respectively.


PSA's global unit sales

(1,000 units)

  2008 2009 2010 2011 2012 2013 YoY
2012~
2013
Q1 2013
Q1 2014YoY
Q1  2013~
Q1 2014
Europe
2,231
2,159
2,195
2,063
1,758
1,629
(7.3%)
382
443
16.0%
Russia
59
41
56
75
78
61
(21.8%)
14
13
(7.1%)
Latin America
263
232
294
326
283
303
7.1%
65
56
(13.8%)
China
179
272
376
404
442
557
26.0%
143
169
18.2%
Others
219
142
204
224
259
268
3.5%
70
45
(35.7%)
Total Cars
2,952
2,845
3,125
3,092
2,820
2,818
(0.1%)
674
726
7.7%
Total CKD 
309
342
477
458
145
1
(99.3%)
*0
*0
Global Sales
3,260
3,188
3,602
3,549
2,965
2,819
(4.9%)
675
726
7.6%

Source: PSA Full Year Results, First Quarter Results
Note 1) PSA suspended its CKD shipments to Iran from February 2012. (* delivered 432 units in 2013 and 72 units in Q1 2014)
2.  Numbers in brackets "(   )" represent negative value.                        



PSA's 2013 results: revenue fell 2.4% y/y to EUR 54.09 billion; net halved

 PSA's 2013 revenue fell by 2.4% as compared with that of 2012 to EUR 54.09 billion, of which automotive division’s revenue declined by 4.8% to EUR 36.46 billion.Total operating loss decreased by almost 70% from EUR 576 million to EUR 177 million. The operating loss of automotive division shrunk by 30% y/y to EUR 1.04 billion due to the effects of cost reduction measures. Net loss halved to EUR 2.32 billion.

 In the first quarter of 2014, PSA's revenue rose by 1.9% y/y to EUR 13.29 billion, of which automotive division revenue grew by 2.0% to EUR 8.93 billion. PSA attributes the revenue growth to improvements in the model lineup in Europe and China. Revenue in Latin America and Russia, on the other hand, declined due to decreases in sales volume and foreign exchange losses.

 

PSA's consolidated business results

(In millions of EUR)
  2008 20092010 2011 2012 2013 YoY 2012~
2013
Q1 2013Q1 2014YoY Q1 2013~
Q1 2014
Sales
54,356
48,417
56,061
59,912
55,446
54,090
(2.4%)
13,043
13,287
1.9%
(of which automotive division)
41,643
38,265
41,405
42,710
38,299
36,461
(4.8%)
8,747
8,925
2.0%
Recurring operating income
550
(689)
1,796
1,315
(576)
(177)
(of which automotive division)
(225)
(1,257)
621
(92)
(1,504)
(1,042)
Net profit
(363)
(1,161)
1,134
588
(5,010)
(2,317)

Source: PSA Full Year Results, First Quarter Results
Note: Numbers in brackets "(   )" represent negative value.                       



Sales Forecast by LMC Automotive: PSA group global sales to 3.70 million units by 2017

(LMC Automotive, Quarter 1, 2014)

 LMC Automotive expects an increase of 9.9% to 3.12 million units for PSA’s global light vehicle sales for 2014. The sales volume continues to increase to 3.70 million units in 2017, which is a 30.5% increase compared with 2013.

 Sales in France is forecasted to slightly increase in 2014; an increase of 5.6% to 686,891 units. Then the next year, the volume slightly decreases by 1.0%, but then continues to recover back to 710,670 units by 2017 a 9.2% growth compared to 2013.

 In China, PSA group’s sales volume is expected to reach 692,216 units by 2014, making the region the largest market for the automaker. “Outside the European region, PSA has plans to boost capacity and sales. This is a key part of the group’s strategy to rebalance the source of its income streams, leaving it less reliant upon Europe.” Sales in China continues to expand to 912,468 units by 2017; an increase of 63.5% compared to 2013.

 Another region outside of Europe where it is expected to increase by 2017 is Iran; the volume is forecasted to recover to 321,032 units. ”Gradual relaxation of sanctions, with oil production climbing moderately and a boost to economic confidence, as well as further progress by the government in implementing reform and better policies” is expected to affect automotive sales in the country.



Sales Forecast by LMC Automotive: PSA Group sales forecast by country and by make

(LMC Automotive, Quarter 1, 2014)
(Units)
COUNTRYGLOBAL MAKE
2011201220132014201520162017
Total
3,406,609
2,947,033
2,835,242
3,116,051
3,321,378
3,438,870
3,699,134
China  
407,101
443,381
557,977
692,216
781,963
850,962
912,468
  Citroen
230,564
224,776
284,756
329,114
393,994
432,352
469,029
  Peugeot
176,537
218,605
273,221
363,102
387,969
418,610
443,439
France  
840,707
700,842
650,668
686,891
679,890
669,732
710,670
  Citroen
398,906
331,750
300,638
293,997
275,497
266,134
322,083
  Peugeot
441,801
369,092
350,030
392,894
404,393
403,598
388,587
Iran  
480,177
269,047
167,578
163,922
216,962
270,432
321,032
  Citroen
166
0
0
0
0
5,063
13,535
  Peugeot
480,011
269,047
167,578
163,922
216,962
265,369
307,497
UK  
200,422
213,145
228,213
214,252
204,506
194,948
202,986
  Citroen
85,751
92,032
101,348
93,542
91,644
85,451
99,480
  Peugeot
114,671
121,113
126,865
120,710
112,862
109,497
103,506
Italy  
185,172
155,382
136,028
150,597
163,324
167,787
194,205
  Citroen
93,514
76,705
64,931
67,807
69,723
70,711
96,748
  Peugeot
91,658
78,677
71,097
82,790
93,601
97,076
97,457
Spain  
157,937
133,089
131,510
146,526
148,239
157,916
177,219
  Citroen
78,352
65,601
60,476
65,012
63,828
67,870
83,779
  Peugeot
79,585
67,488
71,034
81,514
84,411
90,046
93,440
Brazil  
175,840
146,546
123,573
125,780
142,797
152,523
160,221
  Citroen
90,022
74,540
66,063
61,000
67,401
70,436
74,194
  Peugeot
85,818
72,006
57,510
64,780
75,396
82,087
86,027
Argentina  
106,825
110,954
136,603
135,334
139,534
133,701
135,775
  Citroen
32,341
30,569
40,913
45,751
43,229
42,071
43,650
  Peugeot
74,484
80,385
95,690
89,583
96,305
91,630
92,125
Germany  
172,165
153,512
123,645
141,907
138,682
128,566
130,697
  Citroen
78,071
71,968
59,019
61,122
58,822
54,300
60,797
  Peugeot
94,094
81,544
64,626
80,785
79,860
74,266
69,900
Russia  
71,933
77,270
62,818
92,527
94,015
91,158
89,247
  Citroen
27,622
32,850
28,956
36,056
34,308
32,791
33,303
  Peugeot
44,311
44,420
33,862
56,471
59,707
58,367
55,944
Belgium  
110,826
91,868
87,499
90,380
90,434
85,022
88,160
  Citroen
53,960
44,956
41,846
41,684
40,028
36,680
42,416
  Peugeot
56,866
46,912
45,653
48,696
50,406
48,342
45,744
Netherlands  
82,830
74,748
57,582
63,474
74,475
76,425
80,005
  Citroen
32,088
28,424
22,451
24,065
27,812
28,219
32,071
  Peugeot
50,742
46,324
35,131
39,409
46,663
48,206
47,934
Turkey  
65,342
60,106
64,044
65,628
78,374
76,446
77,236
  Citroen
30,439
30,544
30,015
28,655
33,830
31,808
33,693
  Peugeot
34,903
29,562
34,029
36,973
44,544
44,638
43,543
Poland  
31,688
29,226
29,735
32,109
37,887
43,310
47,311
  Citroen
15,512
13,305
11,604
11,281
13,553
15,629
18,601
  Peugeot
16,176
15,921
18,131
20,828
24,334
27,681
28,710
Denmark  
33,159
31,927
29,619
32,415
32,595
29,546
29,437
  Citroen
14,720
14,610
13,911
13,323
13,160
11,528
12,502
  Peugeot
18,439
17,317
15,708
19,092
19,435
18,018
16,935
Portugal  
32,324
17,917
19,817
20,426
22,440
24,473
28,871
  Citroen
14,886
6,997
7,700
7,270
8,014
8,932
11,832
  Peugeot
17,438
10,920
12,117
13,156
14,426
15,541
17,039
Switzerland  
32,073
27,956
26,649
27,708
26,917
24,907
25,616
  Citroen
15,211
13,962
13,101
12,457
11,405
10,487
12,128
  Peugeot
16,862
13,994
13,548
15,251
15,512
14,420
13,488
Austria  
33,120
28,847
20,958
26,723
25,469
23,799
23,868
  Citroen
15,155
12,757
9,119
11,926
10,485
9,415
10,482
  Peugeot
17,965
16,090
11,839
14,797
14,984
14,384
13,386
Sweden  
22,240
22,047
17,175
22,186
23,893
22,581
23,498
  Citroen
10,014
8,409
7,348
7,862
7,817
7,650
8,931
  Peugeot
12,226
13,638
9,827
14,324
16,076
14,931
14,567
Chile  
13,710
13,821
18,130
17,116
18,703
20,006
21,154
  Citroen
4,972
5,128
5,832
6,406
6,855
7,132
7,446
  Peugeot
8,738
8,693
12,298
10,710
11,848
12,874
13,708
Ukraine  
6,689
9,193
10,025
15,536
17,029
18,872
20,709
  Citroen
2,461
4,091
4,753
5,762
6,098
6,595
7,501
  Peugeot
4,228
5,102
5,272
9,774
10,931
12,277
13,208
Czech Republic  
15,606
14,548
15,799
16,748
16,516
16,863
19,371
  Citroen
6,835
6,672
6,896
6,771
6,598
6,944
8,829
  Peugeot
8,771
7,876
8,903
9,977
9,918
9,919
10,542
Norway  
17,189
15,040
13,054
14,425
14,334
14,527
15,450
  Citroen
6,494
6,074
4,843
5,836
5,553
5,601
6,558
  Peugeot
10,695
8,966
8,211
8,589
8,781
8,926
8,892
Mexico  
5,544
4,701
6,733
8,298
10,204
11,471
12,473
  Peugeot
5,544
4,701
6,733
8,298
10,204
11,471
12,473
Kazakhstan  
0
0
602
5,281
8,280
10,486
12,284
  Peugeot
0
0
602
5,281
8,280
10,486
12,284
Greece  
7,472
7,003
4,999
7,030
7,520
7,882
12,269
  Citroen
3,782
4,305
3,434
3,965
4,035
4,119
7,446
  Peugeot
3,690
2,698
1,565
3,065
3,485
3,763
4,823
Slovenia  
10,666
9,420
9,385
10,713
10,626
10,746
11,794
  Citroen
4,821
3,952
3,980
3,910
3,787
3,972
5,006
  Peugeot
5,845
5,468
5,405
6,803
6,839
6,774
6,788
Slovakia  
8,600
7,827
8,879
8,499
9,051
9,769
11,379
  Citroen
3,560
3,082
3,868
3,459
3,567
3,910
5,048
  Peugeot
5,040
4,745
5,011
5,040
5,484
5,859
6,331
Australia  
6,588
6,729
5,614
8,738
10,176
10,479
11,324
  Citroen
1,408
1,658
1,181
1,695
2,352
1,900
2,026
  Peugeot
5,180
5,071
4,433
7,043
7,824
8,579
9,298
South Africa  
5,107
5,933
5,762
6,611
7,133
9,957
11,323
  Citroen
1,942
2,127
1,752
1,646
2,030
2,128
3,403
  Peugeot
3,165
3,806
4,010
4,965
5,103
7,829
7,920
Hungary  
4,847
4,602
5,719
6,094
6,833
7,816
9,123
  Citroen
2,288
2,140
2,695
2,511
2,729
3,160
4,005
  Peugeot
2,559
2,462
3,024
3,583
4,104
4,656
5,118
Finland  
8,483
7,040
5,813
7,134
7,428
7,653
8,336
  Citroen
3,997
3,367
2,906
3,247
3,460
3,424
3,995
  Peugeot
4,486
3,673
2,907
3,887
3,968
4,229
4,341
Japan  
9,083
9,444
10,031
8,764
6,913
6,590
7,611
  Citroen
3,096
3,795
3,481
2,737
1,965
1,756
2,031
  Peugeot
5,987
5,649
6,550
6,027
4,948
4,834
5,580
Malaysia  
5,396
6,120
6,509
6,769
7,361
7,023
7,169
  Citroen
0
0
0
380
378
468
469
  Peugeot
5,396
6,120
6,509
6,389
6,983
6,555
6,700
Romania  
5,100
4,387
3,714
4,102
4,633
5,587
6,678
  Citroen
2,066
1,731
1,121
1,388
1,600
1,946
2,456
  Peugeot
3,034
2,656
2,593
2,714
3,033
3,641
4,222
Luxembourg  
8,567
7,871
7,408
7,404
7,385
6,734
6,334
  Citroen
3,490
3,233
3,025
2,424
2,370
2,063
2,218
  Peugeot
5,077
4,638
4,383
4,980
5,015
4,671
4,116
Ireland  
5,172
4,561
4,657
4,071
4,381
4,765
5,509
  Citroen
1,749
1,748
1,889
1,545
1,713
1,833
2,273
  Peugeot
3,423
2,813
2,768
2,526
2,668
2,932
3,236
Uruguay  
3,627
3,683
4,082
4,413
5,019
5,379
5,478
  Citroen
809
1,035
1,273
1,336
1,488
1,634
1,714
  Peugeot
2,818
2,648
2,809
3,077
3,531
3,745
3,764
Estonia  
2,733
2,724
2,958
3,263
3,655
4,227
4,872
  Citroen
1,006
1,039
1,221
1,338
1,493
1,821
2,293
  Peugeot
1,727
1,685
1,737
1,925
2,162
2,406
2,579
Bulgaria  
2,685
2,426
2,742
3,003
3,284
3,874
4,558
  Citroen
1,033
1,004
961
1,084
1,185
1,480
1,911
  Peugeot
1,652
1,422
1,781
1,919
2,099
2,394
2,647
Korea  
2,631
2,660
3,252
2,805
2,907
3,098
3,329
  Citroen
3
255
476
414
344
349
373
  Peugeot
2,628
2,405
2,776
2,391
2,563
2,749
2,956
Latvia  
1,227
1,408
1,398
1,267
1,522
2,024
2,469
  Citroen
337
358
412
421
502
698
942
  Peugeot
890
1,050
986
846
1,020
1,326
1,527
Lithuania  
1,719
1,108
435
1,289
1,438
1,763
2,076
  Citroen
322
313
230
421
480
614
798
  Peugeot
1,397
795
205
868
958
1,149
1,278
Colombia  
1,470
1,415
874
1,335
1,457
1,530
1,610
  Citroen
535
693
241
673
733
769
809
  Peugeot
935
722
633
662
724
761
801
Peru  
1,269
1,165
1,178
1,222
1,335
1,415
1,470
  Citroen
292
369
382
418
462
488
509
  Peugeot
977
796
796
804
873
927
961
Ecuador  
269
346
195
1,085
1,340
1,291
1,385
  Citroen
100
137
70
226
246
251
240
  Peugeot
169
209
125
859
1,094
1,040
1,145
Venezuela  
1,767
2,322
2,044
397
809
1,053
1,289
  Citroen
0
320
150
0
0
0
0
  Peugeot
1,767
2,002
1,894
397
809
1,053
1,289
Taiwan  
967
1,004
998
1,007
1,019
1,010
966
  Citroen
146
164
178
174
178
175
173
  Peugeot
821
840
820
833
841
835
793
Indonesia  
188
269
270
349
406
459
527
  Peugeot
188
269
270
349
406
459
527
Thailand  
357
453
292
199
192
205
205
  Citroen
201
121
58
67
74
77
74
  Peugeot
156
332
234
132
118
128
131
Philippines  
0
0
0
83
93
82
88
  Peugeot
0
0
0
83
93
82
88

Source: LMC Automotive "Global Automotive Sales Forecast" (Quarter 1, 2014)

(Note)

1. Data indicate figures of only small-size vehicles, including passenger cars and light commercial vehicles with a gross vehicle weight of under 6 tons.
2. All rights reserved. Reproduction of any data will require permission of LMC Automotive.
3. For more detailed information or inquiries of forecast data, please contact LMC Automotive.


(Reference)PSA sales by model

Citroen

(Units)
Models2012 2013 YoYQ1 2013Q1 2014YoY
C1
66,706
59,418
(10.9%)
17,096
13,090
(23.4%)
C2
14,645
9,997
(31.7%)
3,683
0
(100.0%)
C3
215,751
177,077
(17.9%)
55,827
70,705
26.7%
C3 PICASSO
84,740
90,015
6.2%
DS3
68,248
69,014
1.1%
18,404
16,309
(11.4%)
ZX
55,569
55,922
0.6%
16,202
6,437
(60.3%)
XSARA
 
40
0
(100.0%)
XSARA Picasso
3,951
41
(99.0%)
C-ELYSEE
5,628
56,241
899.3%
9,751
27,565
182.7%
C4
263,813
283,322
7.4%
89,893
103,405
15.0%
C4 Picasso
82,935
99,887
20.4%
C4 CACTUS
 
0
133
DS4
33,157
29,802
(10.1%)
8,164
6,471
(20.7%)
C5
76,345
65,549
(14.1%)
16,525
13,921
(15.8%)
DS5
27,807
23,878
(14.1%)
5,424
6,283
15.8%
C6
1,572
31
(98.0%)
25
0
(100.0%)
C8
4,083
2,760
(32.4%)
687
500
(27.2%)
C-ZERO
3,348
338
(89.9%)
61
177
190.2%
C.CROSSER
3,339
124
(96.3%)
109
0
(100.0%)
C4 AIRCROSS
16,986
13,633
(19.7%)
3,829
3,122
(18.5%)
NEMO
28,521
19,419
(31.9%)
4,712
4,184
(11.2%)
BERLINGO
139,769
140,696
0.7%
34,875
36,534
4.8%
JUMPY
24,913
25,031
0.5%
6,027
6,522
8.2%
JUMPER
43,069
43,743
1.6%
10,620
10,851
2.2%
Other
0
82
Total
1,264,895
1,266,020
0.1%
301,954
326,209
8.0%

 

Peugeot

(Units)
Models2012 2013 YoYQ1 2013Q1 2014YoY
107
76,354
57,685
(24.5%)
15,780
13,091
(17.0%)
206
199,933
72,658
(63.7%)
27,608
13,324
(51.7%)
207
147,936
59,219
(60.0%)
19,921
6,695
(66.4%)
208
220,774
334,439
51.5%
77,727
85,567
10.1%
2008
76
74,428
328
39,706
301
4,813
72,182
16,927
28,200
66.6%
307
35,384
15,852
(55.2%)
5,406
2,107
(61.0%)
308
252,037
240,713
(4.5%)
51,250
58,516
14.2%
408
79,954
83,137
4.0%
23,120
18,872
(18.4%)
3008
108,263
140,642
29.9%
34,483
39,589
14.8%
4008
9,287
9,060
(2.4%)
2,465
1,972
(20.0%)
5008
52,474
44,411
(15.4%)
10,699
10,215
(4.5%)
508
121,662
89,492
(26.4%)
24,767
18,754
(24.3%)
807
4,489
2,788
(37.9%)
650
557
(14.3%)
4007
2,707
822
(69.6%)
424
14
(96.7%)
RCZ
11,118
9,249
(16.8%)
2,644
1,986
(24.9%)
ION
2,905
467
(83.9%)
93
110
18.3%
BIPPER
26,026
22,716
(12.7%)
5,819
4,392
(24.5%)
PARTNER
149,804
143,068
(4.5%)
32,612
34,162
4.8%
EXPERT
29,451
26,131
(11.3%)
6,098
7,580
24.3%
BOXER
53,870
53,513
(0.7%)
13,816
14,300
3.5%
Other
110,698
3
Total
1,700,015
1,552,675
(8.7%)
372,637
399,709
7.3%

 

 2012 2013 YoYQ1 2013Q1 2014YoY
PSA Total
2,964,910
2,818,695
(4.9%)
674,591
725,918
7.6%
Note: Numbers in brackets "(   )" represent negative value.

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