AI Annual Report 2019 1
During 2020 and 2021 the forecast predicts that t
he total amount of plug-in electric hybrids (PHEVs) and battery electric vehicles (BEVs) will increase on all markets where Hedin is present. SWEDEN Sales of new passenger cars in Sweden increased by 0.1 % in 2019 compared to 2018. Hedin Bil accounted for nearly 23 % of the total sales of passenger cars amongst the car brands represented. This is a decrease from 2018, when Hedin accounted for 25 %. In anticipation of the new vehicle tax introduced on January 1, 2020, December became a record month with the registration of almost 50,000 new cars. The vehicle tax on passenger cars and commercial vehicles has been increased in several steps under a period of only 1.5 years. This has made the market increasingly twitchy. All since the Bonus malus system was introduced, we saw a record in the sales of BEVs and PHEVs, increasing from a market share of 14 % to 20 %. Commercial vehicles decreased by close to 5 % during 2019 compared to 2018. Hedin Bil accounted for approximately 19 % of the total sales of the brands that we represent, a decrease by approximately 1 % from 2018. Truck sales increased and had a record year in 2019, with an increase of 7.2 % compared to 2018. Hedin Bil accounted for 34 % of the Mercedes-Benz truck sales, a decrease from 37 % in 2018. Please note that the share of passenger cars and commercial vehicles might be somewhat misleading due to the number of preregistered vehicles. NORWAY The total market in Norway decreased by 3.8 %. Hedin Automotive, represented by Bavaria Norway and Porsche Norway, decreased by 22 % compared to the previous year. Bavaria Norway AS acquired Brages Bil AS BMW facilities in Ålesund, Molde and Kristiansund during Q3, which led to an increase in BMW-sales by 4%. The Hedin Group accounted for nearly 28 % of the total sales of the brands that we represent compared to 35 % in 2018. BELGIUM 2019 marked the year where all NEDC 2.0 cars were to be registered before September 1. As an effect, sales increased slightly and the Belgian car market was stable in comparison to 2018, with an increase of 0.1 %. Hedin Automotive increased the market share of Mercedes-Benz passenger cars. Hedin Automotive accounted for 15.6 %, an increase compared to the 15.1 % in 2018. The registration numbers indicate that the market for BEVs and PHEVs increased from 2.4 % to 3.2 %. Since Belgium is traditionally a diesel market, the change in consumer behavior led to increased delivery times. On the light truck market Hedin Automotive saw an increase of their share from 13.8 % in 2018 to 15.5 % in 2019. Hedin Bil accounted for 9.4 % of trucks, an increase compared to the 8.2 % in 2018. AUTOMOTIVE INDUSTRY 14 I.A. HEDIN BIL AB / ANNUAL REPORT / 2019