First official look at the forthcoming Brazilian-built "Novo
Uno" and its niche off-road styled high-end version as Fiat
Automóveis CEO presents the Group's five year plan for Latin
America. Brazil has bypassed Italy to become Fiat's biggest
market and production centre globally and the carmaker has
ambitious plans to use this as a springboard to expand both
in Brazil and the wider region over the 2010-2014 period
covered by the business plan.
With almost a
quarter share of the Brazilian market (and with the top four
players on the market annexing no less than 77.1 percent of
all sales last year), Fiat Automóveis sees four factors
driving its continuing success: product, dealer network,
supply chain and brand.
While VW builds
the market's best-selling car, Fiat Automóveis has had huge
success in developing niche versions, in particular the
"Adventure" series of city cars styled to resemble
off-roaders, the quartet comprising of the Palio Weekend,
Doblò, Idea and Strada. Last year 70,000 "Adventure" branded
Fiat cars were sold in Brazil.
The Palio Weekend
"Adventure" (estate) has been a big hit and is the first
front-wheel-drive car on the Brazilian market to be fitted
with the "innovative Locker" (self locking) differential.
The Palio Weekend has a 51 percent share of the small
station wagon segment in Brazil. In 2009 that market segment
added up to 92,000 units.
Equally successful with consumers has been the Strada
pick up, which like the Palio is based on the long-running
"Project World Car" platform. The Strada is the first
car-derived pick-up in the world to feature a double-cabin
and it comes with a premium pricing. The Strada has a 52
percent stake of the small pick-up segment in Brazil which
last year added up to a total of 162,000 units.
However
the most interest in the presentation focuses around the new
Uno, and with Fiat's need to impress a skeptical investment
community and government at home, the presentation features
the first official images of the Panda-platform based car
well ahead of its public debut. In the presentation Fiat
Latin America aims to contribute to the Group's progress
worldwide and in particular to the development of small car
platforms and the
new Uno clearly showcases this ambition.
Fiat sees the new Uno as a "a quick response to market
needs" and tapping accurately into the "Brazilian social
shift from lower- to middle-class." The new Uno, its says
ambitiously, will be the "the future leader of compact
cars". There is also a first look at the "Uno Way" which
will be an offroad styled version (Fiat Automóveis uses the
designation "Way" in place of "Adventure" on the current Uno
model which is still built in Brazil). The images of the Uno
Way show the car fitted with non-colour coded plastic
protection panels that include new bumpers overlays at both
ends, wrapping over the grille at the front, around the
tailgate at the rear, and angling up the wings on all
corners, large curved wheel arch covers and chunky door
strips. Under the bumpers at the front and rear there are
aluminium protection plates while the "off-road" effect is
completed by roof bars and a raised ride height.
Last year Fiat
produced a record 808,000 units in Latin America, 729,000 at
the giant Betim (MG) plant in Brazil and 79,000 at Córdoba
in Argentina, the total split over 13 models in 69 versions.
As the market leader in Brazil Fiat sees significant
expansion in volume by 2014 but while slightly
underperforming the overall market. It sees the overall
market rising from 3,010,000 vehicles last year to a
forecast 4,300,000 in 2014, while Fiat sees its sales
climbing from 737,000 units last year to 1,025,000 in 2014,
meaning its market share will slip very slightly from 24.5
to 23.8 percent. Meanwhile for the remaining of Latin
America, including markets such as Argentina, Chile, Uruguay
and Mexico (but excluding Brazil) Fiat sees the market
climbing from 1,995,000 units last year to an estimated
2,790,000 vehicles by 2014 and its own sales in the area
rising from 62,000 units last year to 100,000 units in 2014,
and increasing its market share from 3.1 to 3.6 percent over
the period. For the total Latin American market Fiat
forecasts selling 1,125,000 vehicles by 2014 which would
mean its market share would shrink very slightly from 16
percent last year to 15.8 percent in 2014.