Growth in Europe while US market shrinks slightly. Strong rises in Brazil, Japan and Russia
The dynamic on international automotive markets varied widely in June. Passenger car sales increased slightly in Europe and China, while Japan, Russia and Brazil all recorded strong double-digit rises. This contrasts with the US, where sales of light vehicles decreased again.
In Europe (EU28 & EFTA) the number of new passenger car registrations rose by around 2 percent in June to more than 1.5 million. Among the five largest individual markets, last month’s most dynamic growth occurred in Italy (+13 percent). Rises were also recorded in Spain (+6 percent) and France (+2 percent). The German market lost 3 percent in June, which had two working days less than it had in 2016. In the UK passenger car sales fell by 5 percent. The half-year results for Europe are positive: the European car market now totals 8.5 million newly registered vehicles, which is a year-on-year rise of 5 percent.
On the US market for light vehicles (passenger cars and light trucks), sales were 3 percent down in June, to around 1.5 million new vehicles. Since the beginning of this year the US market has lost 2 percent, falling to 8.4 million units. During the first six months demand for passenger cars decreased markedly (-12 percent), while pick-ups and other light trucks became even more popular (+5 percent). In the first half-year the proportion of light trucks in the total light vehicle market added over 4 percentage points to reach 63 percent.
The Chinese passenger car market expanded again in June, following contraction in April and May. Totaling 1.8 million units, last month’s car sales increased by 3 percent. New car sales in the first half-year also climbed by 3 percent and exceeded 10.9 million units.
June brought a setback for the Indian new car market as passenger car sales fell to 198,400 units, 11 percent down on the same month last year. The weak result was due to the latest tax reform – consumers may have postponed planned purchases of cars in the expectation of better conditions at a later date. In the first six months of 2017, 1.5 million passenger cars were sold (+8 percent). Despite the weak showing in June the accumulated Indian market is at a record level.
In Japan the new registrations of passenger cars showed double-digit growth again in June. The total was 396,500 units, i.e. 15 percent more vehicles than in the same month last year. During the first half-year sales climbed by 10 percent to 2.4 million new cars.
The Russian light vehicle market continued the positive trend of recent months. A rise of 15 percent took the June market volume to 141,100 units. This means that 718,500 vehicles were sold during the first six months of this year – 7 percent up on 2017.
June was a good month for the Brazilian light vehicle market, too, which totaled 189,500 newly registered vehicles (+14 percent). This year so far, 993,100 units have been sold, which is an increase of 4 percent.
|June 2017||January - June 2017|
17/16 in %
17/16 in %
|European Union (EU-28)*||1.491.000||2,1||8.210.900||4,7|
|W. Europe (EU15+EFTA)||1.417.400||1,4||7.793.500||3,7|
|New EU Countries (EU13)*||122.900||12,0||668.000||15,2|
|* without Malta
** Light Vehicles