US market has best July result in ten years – China in reverse
The international automotive business showed varying developments in July. Western Europe expanded by nearly 9 percent, and growth also continued in the US (+5 percent). China, by contrast, recorded a fall of almost 6 percent.
New passenger car registrations in Western Europe rose by nearly 9 percent in July to around 1.1 million new cars. The five largest markets all expanded. Double-digit growth in the demand for passenger cars was seen in Italy (+15 percent) and Spain (+23 percent). New registrations increased by over 3 percent in the United Kingdom, and by a good 2 percent in France. The German market grew by over 7 percent. On the smaller markets, too, the growth dynamic continued unabated. In Ireland demand for passenger cars rose by almost 48 percent. New registrations also climbed by double figures in Sweden (+18 percent), the Netherlands (+14 percent), Denmark (+14 percent), Portugal (+10 percent) and Switzerland (+10 percent). In contrast, the market volume in Greece collapsed (-29 percent). In the first seven months of this year, the overall Western European market grew by a good 8 percent, reaching 8 million passenger cars.
The US market for light vehicles (passenger cars and light trucks) increased in July by a strong 5 percent to 1.5 million units. This was the best July result since 2005. However, last month the passenger car segment totaled 652,700 units, which was down on the previous figure (-3 percent). On the other hand light trucks continued their growth, showing a year-on-year rise of 12 percent (851,300 units). This year so far, the total market volume in the US has increased by almost 5 percent to around 10 million light vehicles. During this period passenger car sales have fallen by nearly 2 percent (4.5 million units), whereas the light truck segment has grown by a little more than 10 percent to around 5.5 million new vehicles.
About 1.2 million new vehicles were sold on the Chinese passenger car market in July, which is almost 6 percent down on the same month last year. By contrast, since January 2015 the market in China has in fact expanded by a good 5 percent – sales of new vehicles reached a volume of nearly 10.7 million units.
In Japan, July new passenger car registrations decreased by more than 9 percent to 355,900 vehicles. So far this year the market volume has lost nearly 12 percent, falling to just over 2.6 million new cars.
At 222,400 units, the Indian passenger car market achieved year-on-year growth of 11 percent in July. Sales of new cars have risen by a little more than 6 percent since January, climbing to almost 1.6 million units.
The Russian light vehicle market also contracted last month. Totaling 131,100 vehicles, the July sales volume was just over 27 percent down on last year’s level. Since the beginning of this year, sales of new light vehicles have fallen to 913,200 units (-35 percent).
The light vehicle market in Brazil did not show any improvements either in July. New registrations decreased by nearly 22 percent to 219,700 units. From January to July around 1.5 million new vehicles were registered – one fifth less than in the same period last year.
|July 2015||January - July 2015|
|Units||Change 15/14 in %||Units||Change 15/14 in %|
|W. Europe (EU15+EFTA)||1.092.300||8,9||8.012.900||8,3|
* Light Vehicles