Luxury car-market-2014

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CMVCMV

A FOCUS ON LUXURY CAR MARKET

• SUPER LUXURY SUV´s

• HIGH END SPORT SUV´s

Outlook 2014

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CMV

Content

A FOCUS ON LUXURY CAR MARKET Page

2013 proved to be a record year for sales for many luxury auto manufacturers…………………………………….. 3-16

A Focus on „ SUPER LUXURY SUV´s “… .................................................................................................. 17-23

A Focus on High End Sport SUV´s: Mass reduction is on the agenda…………………………………………………….. 24-27

How relevant is the Chinese market for luxury premium makers. .......................................................... 28-33

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The automotive premium market is still strong:2013 proved to be a record year for sales for many luxury auto manufacturers

2013 proved to be a record year for sales for many luxury auto manufacturers

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CMVThe automotive premium market in 20132013 proved to be a record year for sales for many luxury auto manufacturers

Press Release: 13.01.2014BMW Group posts record sales for 2013Deliveries climb 6.4% to 1,963,798 units

New all-time highs for BMW, MINI and Rolls-Royce brandsBMW Group expects further growth in sales in 2014

Press Release: 04.01.2014Audi delivered 1.58 (1.46; +8.3 percent) million vehicles worldwide in 2013. The premium brand from Ingolstadt developed particularly well in the Asia-Pacific region, where customers took possession of 579,100 (478,900; +20.9 percent) new vehicles. Audi delivered 190,300 (168,800) models in the North America region during the same period, an increase of 12.7 percent.

Press Release: 10.01.2014

Mercedes-Benz on record course With sales of 1,461,680 vehicles in 2013 Mercedes-Benz delivered more cars to customers than ever before.

1.841.611 1.963.798

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BMW SALES 2010 / 2011 / 2012 / 2013

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CMVThe automotive premium market is still strong:2013 proved to be a record year for sales for many luxury auto manufacturers

Press Release: 13.01.2014BMW Group posts record sales for 2013Deliveries climb 6.4% to 1,963,798 units

New all-time highs for BMW, MINI and Rolls-Royce brandsBMW Group expects further growth in sales in 2014

1.841.611 1.963.798

1.458.455

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BMW SALES 2010 / 2011 / 2012 / 2013

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BMW Group sales in 2013 at a glance Sale vehicle units 2013 Comp. to 2012

BMW Group Automobiles 1,963,798 +6.4%

BMW 1,655,138 +7.5%

MINI 305.030 +1.2%

Rolls-Royce 3.630 +1.5%

BMW Motorrad 115,215 +8.3%

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CMV

Rolls-Royce Sales Units 2013: 3630 vehicles

Rolls Royce sold 3,630 cars globally during the year, which represents the company’s fourth consecutive record.

The company said that strong sales growth was reported across the globe, with notable results seen in the Middle East (up 17%) and China (up 11%). Several countries recorded strong sales performances, including Germany, Japan, Qatar and Canada. China and the United States remained the most significant individual markets for Rolls-Royce Motor Cars followed by the Middle East.

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Rolls-Royce Sales Units 2012: 3575 vehicles

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CMV

Crewe, 2014-01-08

Bentley's record year-posts 19% global growth• 10,120 cars delivered in 2013

• Results confirm Bentley’s position as world’s most sought after luxury car brand• Flying start for Flying Spur• Dealer expansion continues, now includes 54 territoriesBentley Motors has firmly reinforced its position as the leading manufacturer of luxury vehicles in the world after announcing a 19% increase in global deliveries in 2013. 10,120 cars were delivered, the highest figure in Bentley’s 95-year history, against 8,510 in 2012.

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Bentley Motors SALES 2010 / 2011 / 2012 / 2013

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New Flying Spur

Continental GT

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CMVThe automotive premium market is still strong:2013 proved to be a record year for sales for many luxury auto manufacturers

Porsche – Sales 2013 Units: 162,100 vehicles

The sports car manufacturer Porsche, which became a Volkswagen Group brand on August 1, 2012, recorded full-year deliveries totaling 162,100 vehicles. Demand for vehicles built by the Stuttgart-based carmaker was particularly high in the Asia-Pacific region, where 49,700 units were delivered, and in the North America region, where 46,700 vehicles were handed over to customers.

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Wolfsburg, 2014-01-11

Audi delivered 1.58 (1.46; +8.3 percent) million vehicles worldwide in 2013. The premium brand from Ingolstadt developed particularly well in the Asia-Pacific region, where customers took possession of 579,100 (478,900; +20.9 percent) new vehicles. Audi delivered 190,300 (168,800) models in the North America region during the same period, an increase of 12.7 percent.

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CMV

Sant’ Agata Bolognese, 2014-01-13

Lamborghini increases worldwide sales for the third year in a row to 2,121 cars delivered to customers

• All-time high in V12 sales with the record of the Lamborghini Aventador (1,001 deliveries)

• USA largest single market followed by China

• Balanced presence across the three regions EMEA, America and APAC

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Aventador LP

Huracán LP 610-4

Gallardo LP 570-4 Squadra Corse

LAMBORGHINI HURACÁNThe Huracán replaces the Gallardo, which is the firm's best–selling model ever. Power comes from a mid–mounted 5.2–litre V10 engine that develops 610bhp; Lamborghini quotes a 0–62mph time of 3.2sec and a top speed of 202mph.

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CMV

Jan. 3, 2014 FRANKLIN, Tenn.

Total Infiniti sales of 116 455 in 2013 were down -2,9% percent compared to the 119.877 units sold last year.

119.877 116.455

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Press Release: 10.01.2014

Mercedes-Benz on record course With sales of 1,461,680 vehicles in 2013 Mercedes-Benz delivered more cars to customers than ever before.

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CMV

Aston Martin – Sales 2012 Units Estimation: ~3500 vehicles

GAYDON-based Aston Martin, posted a pre-tax loss of almost £25m (€-29, 25 Mio) for the year ended December 2012, up from a £21m (€-24,75 Mio) loss the previous year. Sales were down by 9% to £460m (€-538,2 Mio). Accounts filed at Companies House attribute the widening loss to the "market segment (that) has been severely affected by recession".The 100-year old firm said that the high-end luxury sports segment had been severely affected by recession and in 2012 global sales levels were down by nearly 40% from its 2007 peak. The luxury sports car market may well be down, and especially so in Europe, but that isn't the whole story. In contrast, Ferrari, for example, posted record results in 2012, with its best ever trading period in the company's 66-year history.

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The automotive premium market is still strong:2013 Aston Martin changes into a new ownership structure

The point is that other luxury car brands have done well while Aston Martin has struggled of late. Part of that struggle is down to the fact that the firm was heavy on debt after it was sold off by Ford. The cost of servicing this debt in turn impacted on new model development. While some new models have been introduced, the technological underpinnings stretch back in some cases to some quite dated Ford technology.Put simply, Aston has fallen behind rivals.Aston Martin was majority-owned during 2012 by Investment Dar (a Kuwaiti investment fund) but late last year InvestIndustrial agreed to invest £150m (€175,5 Mio). in return for a 37.5% stake. Despite recent losses, Aston Martin's management is looking forward with some optimism. In large part that is due to the recent announcement that the German premium car firm Daimler could take a stake in locally-based Aston Martin after the latter signed an intention to enter a technical partnership with Mercedes-Benz.Daimler - which owns Mercedes - will take an equity stake of up to 5% in Aston Martin if the agreement does go ahead. Both sides have indicated that they hope to sign an agreement in the next few months. It's a much needed move for Aston which will continue to struggle on its own to develop new cars and to source new technology. In particular, Mercedes will supply Aston Martin with engines. In addition, Mercedes-Benz Cars will provide Aston Martin with components for future models. This is a welcome move. Aston Martin has indicated that it intends to invest £500 million (€ 585 Mio) over the next four years. But in car industry terms that doesn't go very far at all: JLR for example spent well over £400m (€ 468 Mio) just getting the new Range Rover to market. So Aston Martin needs a tie up with a bigger player to access technology and components and Mercedes offers just that opportunity.

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CMVThe automotive premium market is still strong:2013 Aston Martin changes into a new ownership structure

ChinaEquity invests in Aston Martin - 22 October, 2013

ChinaEquity Group has joined forces with European private equity firm, Investindustrial, investing indirectly in Aston Martin, the 100-year old high-performance luxury sports car manufacturer. ChinaEquity’s objective is to help Aston Martin successfully take on the large and growing Chinese luxury auto segment. ChinaEquity was advised by Fozzati Partners, a private equity co-investment and corporate finance advisory firm.

ChinaEquity and other co-investors joined Investindustrial to invest £150 million (€175,5 Mio) for a 37.5% stake in the company through Prestige Motor Holdings S.A. Other major shareholders include Kuwaiti firms Investment Dar engaged with debt restructuring and Adeem a private investment company.

Aston Martin recently announced a formal ‘technical’ partnership with Mercedes-AMG. The partnership will give Aston Martin access to the supply of custom V8 engines, in addition to cutting edge new technologies. Daimler will in turn own 5% of non-voting shares in Aston Martin.ChinaEquity Group is a prominent China based private equity and venture capital investment firm with several billion US$ under management. ChinaEquity is the founder of the China Team, the first Chinese national sailing racing team to represent China in the America’s Cup. It is also a major investor in China Grand Rally.

Investindustrial is a leading European investment group of independently managed investment holding and financial advisory companies with €3.1 billion of combined assets under management. Its mission is to actively contribute to the development of the companies in which it invests, by creating growth opportunities and offering global solutions through an active ownership and entrepreneurial vision.

Fozzati Partners is a private equity co-investment and financial advisory firm.

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CMV

Jaguar Land Rover Sales Units 2013: 372 062 vehicles

LandRover refreshed its Range Rover in August 2012 and it also launched the refreshed Range Rover Sport in April 2013. As is the case with model lifecycles, the older versions of these two highly profitable models were losing volumes, while incentive spends of them were rising.Range Rover volumes have already revived as a result of the refreshed version, while the Range Rover Sport has also likely bottomed in 1QFY14. In the case of Jaguar, the launch of the F-type has been very successful. Within twoquarters, the model has contributed 17% of Jaguar’s volumes. The success of these models has resulted in an improving sales mix and lower incentives, which has led to the improvement in margins.

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Financial Year End of March


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CMV

Maserati Sales Outlook 2013 ~ 14 000 vehicles

Harald Wester, Maserati’s CEO, told Reuters that the brand has received around 17.000 orders so far this year. This number is almost 3 times higher than total units registered in 2012, which is not only good, but is in line with Maserati’s goal of selling 50.000 by the year 2015. This brand is one of the pillars for the future of Italian car output, because Sergio Marchionne wants the Italian industry to specialize in high-ended cars to be exported globally. At this point, the results the brand has had so far give him a hope of going ahead with his plans and at the same time, they are a safe first step for the future plans of Alfa Romeo. According to Wester, the new Quattroporte counted for 56% of total sales (as of June 17th), while the Ghibli, on sale from September 2013, got 2.249 orders (16%).

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The automotive premium market is still strong in 2013Premium market still very strong in 2013

New Quattroporte

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Maserati Sales Outlook 2013 ~ 14 000 vehicles

This means that, by that date, there were almost 4.000 orders for the GranCabrio / GranTurismo, which is also a strong number considering previous years’ results. Anyway, the good part is still to come, as the Ghibli is expected to be a success (based on the comments made by specialized press and public), and will easily get over the Quattroporte’s pole position.

Source: Press – Report ; Reuters 29-08-2013

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CMV

Maserati Sales Units 2013E: 14 000 vehicles

Following the recent disclosure for the third Quarter in 2013; Maserati should be able to sell 12 000 – 14000 vehicles in 2013 :

Key Facts Q03 / 2013• shipments +176% YoY to almost 4k units• sales +224% YoY to € 444 mn• trading margin already close to double digit (9.7%)• worldwide orders at ~22.5k units as of September 2013 (underlying that Ghibli was launched in Jun-13, and the new Quattroporte in 1Q13)

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November 25, 2013

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CMV

Ferrari Sales Outlook 2013 ~ 7 200 vehiclesStrong financial half year results in 2013MARANELLO, Aug 7 - 2013:

On June 30th, Ferrari recorded excellent results confirmed by all of the main economic indicators: trading profit jumped by 22% (176 million euro), while net profits hit 116.2 million, a boost of 20%. Revenues rose to 1,177 million euro (+7.1%).

A total of 3,767 homologated cars were delivered to the dealership network, an increase of 2.8%, a slower rate of growth compared to Q1. The company's industrial net cash position, however, is the best ever recorded: 1,220 million euro with very high investment into our products and a net cash flow, generated in the first half of the year, of 189 million euro. These figures are the result of consistently successful sales right across the range.

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The automotive premium market is still strong in 2013Premium market still very strong in 2013

Ferrari California

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Ferrari 458 Spider

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Ferrari 458 Italy

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Of the 8-cylinders, the California 30 and the 458 Spider continue to achieve positive results, while in the 12-cylinder sector, sales of the FF remain consistently strong while the F12 berlinetta is yielding very good results too. Its engine, in fact, won Ferrari the Best Performance Engine of the Year award for the third consecutive year after the 458's V8 double achievement and it was second this year.

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A FOCUS ON „ SUPER LUXURY SUV´s “

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CMV

Overview: SUPER LUXURY SUV´s

SUVs are the fastest-growing segment in the car market, but one into which super-luxury carmakers have not really ventured so far. Porsche, the maker of high-end sports cars which like Bentley also belongs to Europe's biggest car maker Volkswagen, has seen its sales boosted by its Cayenne SUV. There's a gap which Bentley is now trying to fill and other carmakers are already on the starting grid.

Maserati and Bentley are the first in the SUPER LUXURY SUV LEAGUE but others will follow:

• Range Rover Ultimate Edition on the market• Maserati Kubang Concept / Levante planned SOP 2015• Bentley EXP 9 planned SOP 2016• Lamborghini Concept Urus planned SOP 2017• Aston Martin Concept Lagonda Geneva Motorshow 2009; (Mercedes / Investindustrial gives new space for speculation) SOP?• Rolls Royce SOP?

Overview: High End Sport SUV´s:

• BMW M5 ; BMW X6 M – Class• Porsche Cayenne Turbo• Audi Q7• Mercedes AMG ML 63

A New Segment is emerging : „ SUPER LUXURY SUV´s “

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CMVRange Rover Autobiography Ultimate Edition

Range Rover Autobiography Ultimate EditionA $The US$ 320,000-plus Range Rover could become a permanent fixture in showrooms as Land Rover aims to future-proof its iconic off-roader from a raft of new super-luxury SUVs.

The Range Rover Autobiography includes a high standard in automotive interior . It features a full leather colourway theme with light and dark options. There are real wood veneers, real wood door top rolls and illuminated treadplates. Plus a higher grade leather topper for the instrument panel and door trims.

The exclusivity even extends to the loadspace which boasts the very finest in style, taste and craftsmanship with decking in teak.

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CMVMaserati Levante SOP 2015

The Levante originally planned to be built in a Chrysler US factory but demand for Jeep vehicles is now reportedly too strong for the factory to support Levante production. The new model is now expected to be produced in Italy.

Engines for the 2015 Maserati Levante will reportedly include the Ghibli,s twin-turbocharged 3.0 litre V6 developing 300kW, along with a twin-turbocharged 3.8 litre V8 engine developing 395kW.Again like the Ghibli, a turbo-diesel engine is also expected, with all engine options linked to an eight-speed automatic transmission.The all-wheel – drive system from the Maserati Quattroporte may be used to give the Levante a sportier appeal, although Jeep is expected to have some input to ensure the Levante survives off-road.

The Levante is also expected to share its underpinnings with the Ghibli sedan, while some of the electronics will be borrowed from Chrysler products.

Maserati hopes to increase sales from the current 7000 cars per year to as high as 50,000 cars per year in the next few years, and an entrant in the booming SUV market could support this ambitious sales target.

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CMVBentley EXP 9 planned SOP 2016

Bentley automobiles are characterized by many things, not least the surge of torque provided by a big turbocharged motor flinging you at the horizon.

Fans of the marque will be pleased to know the flagship luxury Sport Utility Vehicle will use a twin-turbo 6.0 liter W12 engine - essentially three quarters of a Bugatti Veyron engine - developing 600bhp and 800 Nm of torque driving an 8-speed close-ratio transmission.

Beyond the use of the twin-turbo W12 in its range-topping model of the coming EXP 9 range, Bentley is considering a range of powertrains including its recently launched 500bhp, 4.0 liter Twin turbo V8 and a V6 plug-in hybrid. The V6 will offer a 30km fully electric range, CO2 emissions of 130g/km, and a 0-100km/h time of less than 5 seconds.

The company is presenting the muscular SUV as "a compelling new take on the Grand Touring Bentley – a vehicle that feels equally at home at an opera gala performance, on the sand dunes and the overtaking lane of the autobahn."

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CMVLamborghini Urus planned SOP 2017

The Urus is set to be based on the Q7 platform as the rest of SUV’s under the Volkswagen umbrella. The difference is that the Lamborghini will make extensive use of lightweight materials, possibly to differentiate itself as an ultra-luxury SUV.The Urus is Lamborghini’s entry into an already crowded SUV market and while the rest of the lot don’t hold the esteem of the Lamborghini name attached to them, it’s still important for the Urus to be a step above its expected competition.

That’s precisely why Lambo is expected to slap on a 4.0-liter twin-boosted V-8 engine that will pump out just about 600 horsepower with an estimated 700 pound-feet of torque.

The Urus characterized by muscular and light weight should offer plenty of space for four people, with also some significant storage space which would make it a real car for everyday use.

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CMVAston Martin SUV Lagonda SOP?

Aston Martin plans to invest $1 billion in new products and technology after Italian private equity fund Investindustrial agreed to buy a minority stake in the British luxury carmaker. (December 2012)

Investindustrial is buying 37.5 per cent of Aston Martin via a capital increase agreed with majority Kuwaiti owner Investment Dar. The cash injection will help Aston Martin better compete with Volkswagen's Bentley and rival UK luxury car manufacturer Jaguar Land Rover, which was bought by India's Tata Motors in 2008 and has since seen huge sales growth, especially in China.

Aston Martin to make new models with MercedesDaily Telegraph (UK); 26 July, 2013

Aston Martin has entered into a technical partnership with German car maker Mercedes to help it to develop a new generation of models with V8 engines. As part of the deal, Mercedes–owner Daimler will take a stake of up to 5 percentage in the 100–year–old maker of the DB9 and Vanquish sports cars.

From the product portfolio it is worth to think about a Aston Martin SUPER SUV. We will hear soon if this thoughtsturns into reality.

Concept Geneva 2009

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A focus on High End Sport SUV´s:

A FOCUS ON HIGH END SPORT SUV´s

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Market will see new entrants:

NEW crossover to rival BMW X6 will be built by Mercedes-Benz. It will build a new low-roofed coupe-SUV crossover to face off against the BMW X6. A Mercedes executive told Car and Driver magazine that while an X6 rival would be something of a bizarre vehicle, it would make a lot of financial sense for the German carmaker. The executive said the business case had a strong foundation in that development costs would be relatively modest, while profit margins would be high.

The crossover segments are growing around the world: not only in Australia, Europe and the US, but also -- and possibly more importantly -- in the developing markets of Asia, So Mercedes logically believes adding more to their line-up makes good business sense.

Mercedes first hinted at a low-roofed coupe/SUV chimera a couple of years ago, when it announced that it would begin producing a second model alongside the M-Class at its Tuscaloosa, Alabama plant in the US. The new model which is likely to be based on the M-Class would slot into the line-up as a big brother to the recently unveiled GLA-Class.

But they're not the only German brand to be eyeing the success of BMW's X6. Audi has also discussed the possibility of developing a sporty, low-roofed crossover. As far back as 2011, Volkswagen Group head of design Walter de Silva said Audi was planning to launch a sporty crossover that would slot between the Q5 and Q7. Unofficially known as Q6, this crossover could end up being a bit smaller than the midsize X6 and ML-based vehicles; in which case it would more comfortably be positioned against the future BMW X4.

A focus on High End Sport SUV´s: The market will see new entrants

Source:

Centralian Advocate (Australia)

15 October, 2013

Stephen Edelstein

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CMV

A Focus on High End Sport SUV´s: Mass reduction is on the agenda

A focus on High End Sport SUV´s: Mass reduction is on the agenda

SUV ModelCurb weight

kgAcceleration 0–100 km/h in s

EngineMax. output in kW (hp)

kg / hp

Porsche Cayenne Turbo S Tiptronic S

2215 4,5 s V8 biturbo fuel 405kW (550 hp) 4,0

Range Rover L 405 2330 5,4 s V8 Supercharged 375kW (510 hp) 4,6

Mercedes ML 63 AMG 2345 4,7s V8 Cylinder fuel 410kW (557 hp) 4,2

BMW X6 M 2380 4,7s 8 cylinder fuel 408kW (555 hp) 4,3

AUDI Q7 V12 TDI quattro Tiptronic (DPF)

2710 5,5 s V12 TDI Diesel 368kW (500 hp) 5,4

SUV´s have reduced their weight significantly for example the Range Rover L 405 has a curb weight of 2160 kg and the previous version Range Rover L322 had a curb weight of 2580 kg. The L 405 has an aluminum content of 561,3 kg per vehicle , which is one of the highest content per car in the automotive industry.But mass reductions have more ways to be accomplished, increased modularization, replacing mild steel with lower mass materials including high strength steel (HSS), advanced high strength steel (AHSS), aluminum, magnesium along with increased utilization of composite materials and the application of new design concepts, which results in reduction of parts and this reduces total number of joints.

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CMVA focus on High End Sport SUV´s: Mass reduction is on the agenda

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Who sets the benchmark below 2000 kg?

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How relevant is the Chinese market for luxury premium makers?

How relevant is the Chinese market forluxury premium makers?

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CMVHow relevant is the Chinese market for luxury premium makers?

We start in 2004 when automotive markets were radically different from today. That year, the US auto market at 16.9m units was almost three times larger than the #2, Japan (5.7m units). Although China came in at #3 with 4.8m units, it was primarily served by local Chinese manufacturers in sharp contrast to the situation today. In 2014, the Chinese auto market is likely to be 45% larger than the US, Japan is now in third position and the European market, is likely to be down over 20% from the 2004 level. Other emerging markets such as Brazil and Russia have boomed as well over the period. Such seismic shifts have upended business strategies for the world’s leading auto makers. Getting it right now, maximising the efficiency of their model policy and industrial structure is absolutely critical to ensure relevance and establish a long-term competitive advantage over this decade

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China Light Vehicle Market 2012 -2016

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CMV

China Association of Automobile Manufacturers revealed in January 2013, the final results achieved by the country’s auto industry in 2012. In total, automakers in China delivered 19,3 million vehicles in 2012 , plus 4.33% more than 2011.

Passenger car sales increased in 2012 by 7 % from 2011 to 15,495,200, while the commercial vehicle market contracted 5.5% to 3,811,200 units. If we take an annual growth rate of 7% the Light Vehicle Market in China will growth to 26,3 million units by 2016.

How big is the passenger car market in China by 2016

Two trends will drive growth of the Chinese auto market

•Going bigger is a clear trend

•Chinese house holds are trading up and more urban residents buy a second car for commuting, the trend is consistent with the market development of Germany and USA

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By the end of 2011, China surpassed Germany as the world’s second-largest premium automobile market. According to consulting firm McKinsey & Co., China is expected to overtake the U.S. as the world’s largest luxury-car market as soon as 2016, as higher incomes and the desire for status elevate premium auto brands.This key secular growth trend has largely been driven by the Chinese consumer’s desire for brand-name items and the prestige associated with luxury goods as the country embraces capitalism more enthusiastically. The spending power of China’s upper middle class has been rapidly growing in tandem with wealth accumulation. At the top end of China’s consumer spending, luxury consumption is flourishing, with customers chasing global luxury brands, world-class services and products. For instance we believe the growth pattern of SUVs in China will follow that of its neighbours and developed economies. In Taiwan, for instance, SUVs accounted for only 5% of total auto sales in 1996, but 33% by 2012Likewise, the level is 30% in Korea now, compared to 20% a few years ago. In the US, SUVs and crossovers together made up 29% of car sales in 2012. We forecast China’s SUV segment to grow from 5% of total Light Vehicle sales in 2005 to 10% in year 2012 and 15% by 2015 and 18% by 2016.

Based on that scenario, we expect 3,7 million SUV be sold by 2015 in China and for 2016 we expect a SUV Sales volume of 4,8 million units in China.We expect the sales growth of SUVs in China to be 2-3 times faster than that of the broader PV market. In other markets such as the US, Korea and Taiwan, SUVs now account for one third of the total PV market.

Going bigger is a clear trend in China

3,7

4,8

2,0

0,0

1,0

2,0

3,0

4,0

5,0

6,0

2012 2015E 2020E

China Sales SUV Forecast 2012 - 2015 - 2016

Million Units

SUV+ 1,7 Million

units from 2012

to 2015

SUV+ 1,1 Million

units from 2015

to 2016

22,924,5

26,3

19,2

21,3

0,0

5,0

10,0

15,0

20,0

25,0

30,0

2012 2013E 2014E 2015E 2016E


Units


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CMV

PREMIUM - SUV - Market 2012 -2020 2012

AUDI 353,330

BMW 435,978

INFINITI 80,717

LAND ROVER 295,816

LEXUS 196,362

MERCEDES

BENZ274,863

VOLVO 157,761

JEEP

664,911

GESAMT 2,459,738

Q3 Q5 Q7

X1 X3 X4 X5 X6

EX FX JX QX

Freelander RR EVOQUE Defender DiscoveryRange Rover Sport

Range Rover

RX GX LX

GLA GLK GLML

XC60 XC70 XC90

Compass Wrangler Cherokee Grand Cherokee

Below, we have outlined for the major premium SUV manufacturers the key product offering and Global Sales figures 2012 and it is obvious that based on the sales estimation all major OEM’s keep an strong focus on the Chinese SUV market, which could absorb 3,7 million SUV units by 2015.

3,7

4,8

2,0

0,0

1,0

2,0

3,0

4,0

5,0

6,0

2012 2015E 2020E

China Sales SUV Forecast 2012 - 2015 - 2016

Million Units

SUV+ 1,7 Million

units from 2012

to 2015

SUV+ 1,1 Million

units from 2015

to 2016


Automotive

Luxury car-market-2014