After 33 months of non-stop growth, the European car market’s recovery has come to an end in July 2016, with sales down 2,6% for the month, at 1.147.258 units. After showing impressive growth in the first half of the year, even the Southern European countries see their recovery stall, with increases of just 3% in Italy and 4% in Spain. Surprisingly, UK sales are stable at +0,1% while the German car market contracts 4% and France is down even harder at -10%. Year-to-date, we’re still in positive figures at +7,3% to 9.174.057 sales, although we may finish the year in the red if this trend continues as expected, spurred by the Brexit vote.
If Volkswagen Group was the biggest gaining manufacturer as recently as two months ago in April, its fortunes have changed suddenly, as it is the biggest losing manufacturer in July, down almost 27.500 units of volume on the same month last year. That means VW Group accounts for 89% of the entire market’s lost volume this month. But wait, there’s another big loser in the continent, as PSA lost over 16.000 sales as well, while 13 other manufacturers lose less than 2.000 units and just 8 gain volume this month. The biggest volume gainer is Tata Motors at +4.190 units thanks to gains of both Jaguar and Land Rover, followed by Hyundai-Kia and FCA. Relatively, Tata Motors is the fastest growing manufacturer as well, with a gain of almost 33%, followed by SAIC MG and Suzuki, while Aston Martin, Tesla and Lotus all lose more than 37% on last year. [Read more…]