UK, Spain and Italy show strong growth – France remains weak
The three major automotive markets continued their growth in October: Western Europe and the USA both expanded by 6 per cent, while China grew by almost 10 per cent. By contrast, new car sales fell in Brazil, India, Russia and Japan.
In Western Europe, October passenger car sales rose by almost 6 per cent to just over one million new vehicles. One major contributor to this was the United Kingdom, where the market increased by 14 per cent – which was the first double-digit growth since March. Spain’s recovery progressed very dynamically due to the bonus scheme – the market volume expanded by more than one quarter (+26 per cent). Surprisingly keen growth of over 9 per cent occurred in Italy, where demand was boosted most of all by private customers buying new vehicles. In Germany new passenger car registrations increased by nearly 4 per cent. France was the only market among the top five in Western Europe where demand for passenger cars fell (-4 per cent). The former crisis states continued their process of recovery: car sales again rose by double figures in Portugal (+30 per cent), Greece (+21 per cent) and Ireland (+20 per cent). In the first ten months of this year, new car registrations in Western Europe climbed by over 5 per cent to around 10.3 million vehicles.
In the new EU Member States, October registrations of new passenger cars increased by 13 per cent to reach 81,600 new cars. Double-digit growth was seen on the markets in Cyprus (+35 per cent), Romania (+31 per cent), Hungary (+19 per cent), the Czech Republic (+16 per cent), Estonia (+14 per cent), Slovenia (+12 per cent) and Slovakia (+10 per cent). Poland, the largest individual market, expanded by almost 9 per cent. This year so far, demand in the new EU countries has grown by nearly 16 per cent to 748,400 units.
Sales on the US market rose by 6 per cent in October 2014 to almost 1.3 million light vehicles (passenger cars and light trucks). Once again, growth was greater in the light-truck segment than in passenger cars. The total market volume for light vehicles shows a year-to-date increase of over 5 per cent to a good 13.6 million units.
In China, just over 1.6 million passenger cars were sold in October – which was growth of nearly 10 per cent. Since January the Chinese passenger car market has totalled a good 14.7 million, exceeding the previous year’s result by more than 12 per cent.
By contrast, new passenger car registrations in Japan fell by over 7 per cent in October, to 328,300 units. So far this year, however, the Japanese market has recorded 4 million passenger cars, putting it nearly 5 per cent above the 2013 figure, due to anticipation of the rise in value-added tax inflating the figures in the first quarter.
India’s passenger car market totalled 221,200 units last month, around 8 per cent below the 2013 level. Total car sales from January to October were 1 per cent down, at a little over 2.1 million new vehicles.
The Russian light-vehicle market slumped by 10 per cent in October to 211,400 units, although this was a somewhat smaller loss than in the preceding months. Over the first ten months almost 2 million units were sold in Russia – a fall of nearly 13 per cent compared to last year.
In Brazil, demand for light-vehicles dropped by 7 per cent last month to 291,800 units. This year so far the market volume has shrunk to 2.7 million new vehicles (-9 per cent).
|October 2014||January - October 2014|
|Units||Change 14/13 in %||Units||Change 14/13 in %|
|European Union (EU-28)*||1.072.800||6,5||10.645.900||6,1|
|W. Europe (EU15+EFTA)||1.031.100||5,7||10.271.700||5,2|
|New EU Countries (EU13)*||81.600||13,0||748.400||15,6|