In the first quarter of 2018, European passenger car sales are up just 0,8% to 4,26 million, with Spain (+10,5%) as the biggest contributor to the growth, with Germany (+4%) and France (+2,9%) also in the black, while car deliveries declined in Italy (-1,5%) and most notably the UK (-12,4%). The new EU member states showed strong growth of 11.9% so far this year. Crossover sales are up 18,7% in Q1, while car models lost 4,3% and MPVs lost 20,7% as automakers are replacing their MPVs with crossovers to follow a shift in demand.
In March, European sales of passenger cars declined for the first time in 2018 and for the fourth time in 12 months. A loss of -4,7% means 1,83 million cars were sold in Europe this month, traditionally by far the biggest month of the year (see graph), due to the influence of the UK market, where the twice yearly license plate change (now to the “18” registrations) pushes car sales to a peak. As a result, the UK is the biggest market in Europe in March, taking 25,8% of the total market compared to just over 16% over the whole year. The 15,7% decline in UK car sales this month represents 87% of the total European loss as the rest of the European markets combined were down by just 0,9% in March. Among the major markets, new car sales also declined in Italy (-5,8%) and Germany (-3,4%), but France (+2,2%) and Spain (+2,1%) posted growth.
In February, European sales of passenger cars increased 4,4% to 1,15 million, which marks the fifth consecutive year of February sales growth, with sales up almost 40% on the nearly 829.000 sales of February 2013. Crossover and SUVs are the only segment to grow with an increase of 22,7% to a share of just over a third of the market while car models (hatchbacks, sedans, staton wagons, coupes and convertibles) lost 1,5% to 57,7% of the market and MPVs continued their sharp decline at -13,3% to 100.000 sales, 8,7% of the market.
European sales of passenger cars in January increased 6,5% in January 2018 to 1,27 million, which marks the fourth consecutive year of January sales growth, with sales up 40% on the 908.000 sales in January 2013. As sales of car models (hatchbacks, sedans, staton wagons, coupes and convertibles) were stable at +2%, MPVs continued thier sharp decline as crossovers and SUVs are taking over the European streets. MPVs declined 19% to just 7,7% of the market (a new low) while crossovers increased 24% to take 34% of the market, a new high as their share was below 30% for the 2017 full year.
The European passenger car market grows by 3% in 2017, to nearly 15,5 million sales, making this the fourth consecutive year of growth in Europe, and the highest volume since 2007, before the financial crisis knocked the market on its knees. However, it is the slowest rate of growth of those four years, and we’ve had 3 months of year-over-year [Read more…]
European sales of passenger cars in December were down for the third time in 2017, at -4,83% to nearly 1,13 million sales, even below the December 2015 figure. The major explanation for this decline is having one less working day compared to December 2016. Crossovers and SUVs bucked the trend and booked a 9,4% increase in sales to reach a record 32,9% share of the European car market, indicating this type of vehicle is on schedule to claim more than one third of the market in 2018. Sales of cars were down 10,4% to 57,5% of the market, a new low and the 6th consecutive month below 60% which had never happened before. MPV sales were down 11,8% in December to 9,6% of the market.
In 2017, the four-year streak of double digit growth of the Chinese domestic passenger car market ended as sales increased 2,6% to just over 24,2 million, down from +17,2% last year. This is the lowest growth rate in at least a decade and a halft, possibly longer (we don’t have exact data from before 2003). Still, it is a new annual record as sales have almost doubled since 2011 (12,3 million) and more than quadrupled since 2008 (5,6 million). [Read more…]
In November 2017, European sales of passenger cars continued on the same pace as in October, with a 6% growth rate to 1,25 million sales, partially helped by one additional selling day compared to November 2016. This marks the 9th month of increased sales this year 2017 and brings the year-to-date total up 3,7% to 14,36 sales after 11 months. That’s already above the 2015 full year figure and gives us an estimated 15,6 million sales for the full year 2017, the fourth consecutive year of growth and just half a million sales off the record years 2004 and 2005. Sales of regular cars (hatchbacks, station wagons, sedans, coupes and convertibles) are stable in [Read more…]
European sales of passenger cars returned to growth in October 2017 after a one-month decline in September. 1,2 Million new cars were registered in Europe, which leads to a 10-month figure of 13,1 million, an increase of 3,5% on the same period last year and more than the 2014 full year figure. That means 2017 is very likely going to be the fourth consecutive year of growth after hitting a low of 12,3 million sales in 2013. Sales of regular cars (hatchbacks, station wagons, sedans, coupes and convertibles) are up by 0,5% (YTD: -0,5%), while MPV sales are down by 5,5% (YTD: -11%) and sales of crossovers and SUVs are booming just like in the US and China: up 19,8% (YTD: +16,7%).
Among the five biggest markets Spain, France (both +13,7%) and Italy (+7,1%) outgrow the European market while Germany (+3,9%) trails and the United Kingdom continues to struggle with another double digit loss (-12,2%). Besides the UK, only Ireland (-13,8%) and Finland (-4,6%) lose volume in October, while Bulgaria (+41,3%), Lithuania (+33%) and Hungary (+30,4%) show impressive growth rates. Year-to-date, Italy (+8,9%) and Spain (+7,3%) are the fastest growing among the five largest markets, followed by France (+4,8%) and Germany (+2,3%). In contrast, UK sales are down by 4,6% so far in 2017.
After four months of growth, new car sales in Europe are down again, by 2,1% to 1,46 million sales in September 2017. This is only the second time this year that the European car market is in negative territory, and the year-to-date figure is now down to +3,3%, the lowest it has been so far this year. September is still the second best month so far this year, after March and just ahead of May. A total of 11,9 million cars have been sold in the first nine months of 2017, which is close to the 2013 full year figure of 12,3 million sales. Among the five biggest markets, Italy (+8,1%) and Spain (+4,6%) once again showed the strongest improvements, while France was stable at +1,1%, but Germany (-3,3%) and the United Kingdom (-9,3%) are pulling the market down. They are not the only one, as 11 out of the 30 countries of the EU and EFTA saw their sales decline, of which Denmark (-22,2%), Latvia (-20,8%) and Ireland (-17%) by double digits. Year-to-date, Italy (+9%), Spain (+6,7%), France (+3,9%) and Germany (+2,2%) continue to grow so far in 2017, but UK car demand fell by 3,9%
Surprisingly, tiny Suzuki Motors is the manufacturer that adds the most volume in September, ahead of juggernauts Renault-Nissan and Toyota Motor. All add between 2.500 and 4.000 sales, so small gains this month. On the other end of the spectrum we do see a few large declines, most notably those of Ford Motor Company and PSA-Opel, which each lose more than 12.500 sales compared to September 2016. Looking at relative growth, Tesla Motors is firing on all its kilowatts with a gain of 46%, ahead of Aston Martin and Suzuki, while Mahindra & Mahindra is the fastest declining manufacturer due to its ownership of SsangYong and loses more than a third of its Eurpoean volume. Honda and SAIC MG are also on the wrong end of the list with double digit declines.