Russia, Brazil and India record double-digit growth while Europe eases off
In September the international passenger car markets continued to present a varied picture. The US and China improved on their results from September 2016, while the European market contracted slightly. India showed strong growth, and Brazil and Russia continued their recovery.
New registrations of passenger cars in Europe (EU28 and EFTA) fell slightly in September to around 1.5 million units (-2 percent). Among the major volume markets, growth was recorded in Italy (+8 percent), Spain (+5 percent) and France (+1 percent). By contrast, new registrations decreased in Germany (-3 percent) and the United Kingdom (-9 percent).
Around 12.0 million passenger cars were newly registered on the European market in the first three quarters of this year, which was a rise of roughly 4 percent.
The hurricanes of recent months had caused a marked demand for replacement vehicles in the US, triggering 6 percent growth on the light vehicle market (passenger cars and light trucks) in September and pushing the monthly total to 1.5 million units. The market volume from January to September amounted to 12.8 million light vehicles with a year-to-date loss of 2 percent. This year the trends in the separate segments have been clear: during the first nine months light truck sales increased by 4 percent, reaching 8.1 million units, while sales of cars slumped by 11 percent, falling to 4.7 million units.
The Chinese market expanded again last month. Sales of 2.3 million new vehicles generated a year-on-year rise of 4 percent. A total of 16.7 million passenger cars have been sold since the beginning of the year (+3 percent).
The market in India has continued to grow. In September 310,000 cars were sold (+11 percent). That is the highest monthly figure ever recorded in India. Since January of this year the accumulated Indian market has added 10 percent to reach 2.4 million new vehicles, which is also a new record.
In Japan, September’s new passenger car registrations increased to 417,900 units (+5 percent). Year-to-date sales rose by 8 percent to 3.4 million new cars.
The Russian light vehicle market grew in September by 18 percent to 148,400 units. Since January 1.1 million new vehicles have been sold, i.e. 11 percent more than in the same period last year.
In Brazil, too, the positive trend has continued. The market added 25 percent, in what was already the fifth month in succession with keen growth. The September market volume came to 193,800 light vehicles. So far this year 1.6 million new vehicles have been sold, which is 8 percent up on the 2016 figure.
|September 2017||January - September 2017|
|Units||Change 17/16 in %||Units||Change 17/16 in %|
|European Union (EU-28)*||1427100||-2,0||11660100||3,7|
|W. Europe (EU15+EFTA)||1364600||-2,8||11053400||2,8|
|New EU Countries (EU13)*||101800||9,3||972800||13,8|
* without Malta
** Light Vehicles