This week's gossip from the automotive industry has news of the future of internal combustion-engined cars, Peugeot's thoughts on market share, Mitsubishi's doubling sales and Opel's thoughts on the Mokka X vs the Crossland.
The future of internal combustion-engined cars
Rising levels of wealth and the strength of emerging markets mean that as many internal combustion-engined cars are likely to be sold in 2025 as today.
“Companies talk up the fact that 25% of their sales will be of electrified cars by then,” said an industry insider, “but it will be 25% of sales much larger than today’s.”
Peugeot's market share goals
Peugeot boss Jean-Philippe Imparato has been able to improve residual values on his cars because he is under no obligation to hit a target for market share.
Talking about the best-ever residuals of the 3008, he said: “There’s no pressure to get involved in toxic activity like rental or bulk deals. I want to be a high-end generalist car firm. Discounts will kill us.”
Mitsubishi's doubling sales
“Mitsubishi sold 26,000 cars in Britain last year, but I expect to reach 50,000,” he said, adding that the firm’s expansion would continue with a smaller electric SUV inspired by the EX Geneva show concept.
Mokka X or Crossland?
“It’s a fast-growing segment, so having two different offerings is an advantage,” he said. “The Crossland is for people who swap drivers from time to time, whereas the Mokka X is more egotistic. The differences are clear.”