Car sales in Europe have shown year-over-year growth for the 14th consecutive month in October, and with an increase of 6,3% to 1.110.857 sales, the growth rate seems to increase as well. The year-to-date growth of the car market after 10 months stands at 6,1% with almost 11 million units.
The manufacturers to add the most sales in October, and year-to-date are still the Volkswagen Group and Renault-Nissan, each helped by strong sales of all of their volume brands, with no exception. Interestingly in third place for adding the most volume last month is Hyundai-Kia, with the gains evenly spread between the two brands. Thanks to a strong month of October, the Hyundai brand is now in positive territory year-to-date for the first time in 2014.
General Motors continues to struggle as the 95% drop in Chevrolet sales isn’t offset by the impressive gains of Opel/Vauxhall in October. Toyota Motor Corporation is also down for the third time in 10 months, but still in the black year-to-date. Tata Motors is down slightly as a small increase of Jaguar sales couldn’t make up for the loss at Land Rover. [Read more…]