After looking at the March 2018 car brand sales in Europe, let’s look at individual model sales. After having its long-time streak on top of the ranking broken exactly one year ago when the Ford Fiesta briefly finished in the top spot, the Volkswagen Golf seems stronger than ever with a lead over over 14.000 sales over its closest rival as it’s the fastest growing nameplate in the top-15. Traditionally strong in March due to its sales leadership in the UK market, the Fiesta is back up into second place ahead of the Renault Clio but not with the kind of margin we’re used to, especially considering the little Ford is still brand new and the Clio is starting to age. [Read more…]
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.
Sales of domestic passenger cars in China continue to increase slowly but steadily in March 2018 with a 5% gain to 2,1 million. This brings the first-quarter figure to just a handful of sales over 6 million, a 4% increase on Q1 of 2017. The Seasonally Adjusted Annualized selling Rate in March is up to 24,8 million, similar to January and about 400.000 below February but more importantly up 1,3 million on March 2017. [Read more…]
The European car market declined by 7% in April 2017 as a collapsing UK market exacerbated a general slowdown across the continent which was caused by having fewer selling days than in 2016 due to a late Easter. Still, the almost 1,22 million cars sold in April is still slightly better than the same month in 2015. As mentioned, the biggest culprit of the decline is the British market, which declined by almost 20% on last year as the result of an increase in the Vehicle Excise Duty tax which came in effect on April 1st in the UK. Another part of the explanation for the plummeting sales is that Easter fell in April this year instead of in March, which means dealers had fewer selling days in 2017. Combined sales of March and April are still up by 2,9% on 2016. The UK market is expected to stabilize as the year proceeds, as the effect of the tax raise will wither away. The Year-to-date figure now stands at 5,44 million units, an increase of 4% on the first four months of 2016.
Of the big markets, only the Spanish market grew in April (+1,1%), as the UK posted a double-digit drop (-19,8%) and Germany (-8%), France (-6%) and Italy (-4,6%) also lost volume. This was balanced by positive contributions from the so-called EU-12 countries (+8.2%), the member states that have joined the EU since 2004. The fastest growing market was Croatia (+29,6%), while Ireland was the biggest loser at -24,5%. [Read more…]
The Chinese car market is one of the most diverse in the world, with over 400 locally produced passenger car models from more than 70 domestic and foreign brands. If we include imported vehicles, minivans, pickups and commercial vehicles, there are more than 1.000 different models available. In the March 2017 sales ranking, we welcome 11 new models: 6 crossovers, a sedan, a hatchback and an EV version of an existing crossover. In the April 2017 sales ranking, we welcome 9 new models: 5 crossovers, 1 MPV and 3 sedans (of which 2 EVs).
After a successful launch of its first crossover, the Roewe RX5, SAIC launches its first sedan with its new corporate design, and it immediately is one of the most mature looking Chinese sedans on the market. Gone are all the frivolous shapes and shiny chrome accents, well except for the grille, that is. You could almost call it boring. The i6 launches in one of the most difficult segments in China, that of affordable compact sedans, but still a segment with a lot of potential. Power comes from either a 1,0T three-cylinder with 125hp/170Nm mated to a 6MT or 7DCT gearbox or a 1,5T with 170hp/250Nm also mated to a 6MT or 7DCT gearbox. A PHEV version named i6e will follow soon, powered by a 1-liter three-cylinder withh 125hp and a 82hp electric motor. Dimensions are 4.671/1.835/4.460mm with a wheelbase of 2.715mm. [Read more…]
Shock and horror at the top of the European car sales ranking: in March 2017 the Volkswagen Golf is not the best selling car in Europe, for the first time since at least 2011 (our monthly data only goes back to 2012) but likely since March 2010. The Ford Fiesta leads the ranking despite being due for replacement by the next generation, which has already been revealed. This is the result of two factors: firstly the Fiesta is boosted by its strength in the UK market, where it’s traditionally been the best seller, and which is traditionally the largest market in Europe in March, and secondly, the Golf is struggling after its recent facelift with sales down 18%, due to increased choice of in-house crossover alternatives with the new generation Tiguan and Seat Ateca. Still, this won’t be the beginning of the end of Golf domination, expect the model to continue to lead the charts for the rest of the year as it usually does. The Volkswagen Polo is third again, which means it outsells the Renault Clio for the first time since last October. For the second month in a row the Nissan Qashqai is the best selling crossover in Europe, also helped by its popularity in the UK where it’s produced. [Read more…]
March 2017 was a record month for European car sales, with 1,92 million units it was only 100.000 sales behind China, the world’s largest single car market. Helped by strong UK volume, March is traditionally the biggest selling month of the year, with about 11,5% of full year sales, so records are usually set this month. If the market as a whole sets a new volume record, a number of individual brands are naturally bound to do the same. And indeed, no less than 26 brands break their monthly volume record, which is half of all the brands currently on sale. I guess that may be a record by itself, although I didn’t check it. Especially luxury and exotic brands had a blockbuster month, with 17 record breakers out of 24 brands, compared to 9 new sales records out of 28 mainstream brands. [Read more…]
A record 1,92 million new cars were sold in Europe in March 2017. This is an increase of 10,5% over March last year and the highest monthly volume ever recorded. Part of the explanation for the surge in sales is that Easter fell in April this year instead of in March, like last year, which means dealers had extra selling days in 2017. Still, almost 2 million sales in a single month is an impressive figure and it even comes close to the 2,02 million sales in China this same month. March sales are usually around 11,5% of total annual volume, which extrapolates to an expected record 16,7 million sales in 2017. That would be an increase of 10,3% on 2015 and significantly higher than the previous record of 16,1 million sales in 2004.
All five of the big markets showed strong growth in March, with Italy (+18,2%), Spain (+12,6%) and Germany (+11,4%) leading the way with double digit gains, while the UK (+8,4%) and France (+7%) grow slightly slower than te rest of the market. 16 out of the 30 markets showed double digit gains and only 5 lost volume, all in single digits. The fastest growing market was Greece (+49,5%), recovering from its deep recession. In the first quarter, European car sales increased 7,8% to 4,22 million units. Italy was the fastest growing of the big markets at +11,9%. [Read more…]
After a stable January, and a promising 20,2% gain in February 2017, March car sales in China are back to modest growth with a 2,9% increase to just over 2 million units. To put that small year-on-year growth into perspective: March 2012 sales just topped the 1 million units, so the market has doubled in 5 years time. In that light, a 3% improvement is quite a slowdown. Then again, first quarter sales are up 6% to 5,78 million and that’s on par with expectations, as sales growth was expected to slow down into the single digits after the tax increase on cars with engines of 1,6 liters or smaller, which made up over 70% of total sales last year. The Seasonally Adjusted Annualized selling Rate stands at 23,5 million in March. SUVs and crossovers are the main (and only) winners in March with sales up 20% to 832.300 units, while sedans surprisingly show a loss of 4,9% to 990.200 sales (first quarter sales are up just 0,8%), and MPVs lose volume for the third month in a row at -15% to 199.300. The central government cut EV subsidies last January but when sales plummeted to almost a halt that month, the subsidies were quickly reinstated, and as a result Sales of New Energy vehicles (EVs and PHEVs) jumped 36% in March to 25.342 EVs and 5.778 PHEVs, but the Q1 figure is still down 4,7% to 44.333 EVs and 11.596 PHEVs. After domestic brands broke a new record share of 46,5% in February, foreign automakers struck back in March with their locally produced models as the share of the domestics dropped to 43,6%. [Read more…]