Press Releases

China breaks through 10 million mark after only seven months

Berlin, 13 August 2014

Growth in USA and Western Europe continues – contraction in Russia

In July the major automotive markets proved to be in a good mood. The Western European passenger car market expanded for the eleventh time in succession, rising by 5 per cent. In the USA light vehicle sales climbed by 9 per cent. Passenger car sales in China increased by nearly 11 per cent. Positive growth also occurred in demand for cars in India (+7 per cent). As expected, the markets contracted in Brazil (-14 per cent) and Russia (-23 per cent).

The passenger car market in Western Europe expanded by almost 5 per cent in July, to reach 1.0 million units. Expansion of almost 7 per cent underlined the stable growth trend in the United Kingdom. New registrations increased by 5 per cent in Italy, where private demand was up by 8 per cent. Passenger car sales grew by 11 per cent in Spain. Last month new car registrations in Germany showed a year-on-year rise of nearly 7 per cent. In France, sales of new cars decreased by just over 4 per cent. However, it should be remembered that this year July had one working day less than it did in 2013, because last year the French “Bastille Day” holiday (14 July) fell on a Sunday.

The smaller Western European passenger car markets once again demonstrated clear growth. For example, keen double-digit growth was seen in demand in countries previously affected by the financial crisis, such as Ireland (+61 per cent), Portugal (+31 per cent) and Greece (+18 per cent). In total, demand for passenger cars in Western Europe climbed by a good 5 per cent to 7.4 million new vehicles in the first seven months of this year.

July sales on the US market expanded by a little over 9 per cent to exceed 1.4 millionlight vehicles (passenger cars and light trucks), whereby here the month of July had one working day more than it did in 2013. Passenger car sales increased byalmost 5 per cent to 670,500 units. Over the first seven months they amounted to nearly 4.6 millionunits, slightly up on the same period last year (+1 per cent). Sales of light trucks rose last month by a good 13 per cent to 758,000 units – which was double-digit growth for the fourth time thisyear. So far this year, they have increased by just over 9 per cent toaround 5 millionnew vehicles. The overall US market for light vehicles had grown around 5 per cent by the end of July, toalmost 9.6 millionunits.

In China around 1.3 million new vehicles were sold in July, i.e. nearly 11 per cent more than in thesame month last year. In the first seven months of 2014, the figures exceeded the previous year’s result by 14 per cent as sales of new vehicles reached avolume of a good 10.1 millionunits. This means that for the first time China has reached the level of 10 million new cars after only seven months.

New passenger car registrations in Japan dropped bynearly 3 per cent in July to 391,400 units. Over the first seven months, however, demand for cars is still 9 per cent above the figure for last year, at close to 3 millionnew vehicles. This reflects the rise in value-added tax at the beginning of April, which initially causeda pre-buy effect and then a fall in demand.

With growth in July of almost 7 per cent, to 199,400 units, the Indian passenger car market has already expanded for the third month in a row. However, year-to-date sales of new vehicles have fallen by 2 per cent to nearly 1.5 millionunits.

The Russian light vehicle market cooled off markedly last month: totalling 180,800 vehicles, July sales remained almost 23 per cent below the previous year’s level. This year so far, sales of new light vehicles have decreased to just over 1.4 million units – a reduction of nearly 10 per cent.

The light vehicle market in Brazil did not show any improvement in July. New registrations slumped byalmost 14 per cent, down to 280,200 units. By the end of last month around 1.9 millionnew vehicles had been registered (-8 per cent).

New Passenger Car Registrations/Sales

  July 2014 January - July 2014
  Units Change 14/13 in % Units Change 14/13 in %
W. Europe (EU15+EFTA) 1.001.700 4,9 7.395.300 5,4
Russia** 180.800 -22,9 1.410.600 -9,9
USA** 1.428.500 9,1 9.552.800 4,9
Japan 391.400 -2,6 2.957.900 9,0
Brazil** 280.200 -13,6 1.865.100 -8,3
India 199.400 6,5 1.490.400 -2,0
China 1.269.700 10,7 10.126.900 14,0
**Light Vehicles
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