China and Europa expand – US and Japan down slightly on 2016
Global passenger car sales presented a varied picture in October. While light vehicle sales in Brazil and Russia showed double-digit growth, the US and Japan both recorded decreasing sales figures. China continued its upward trend, and the European market also expanded.
New passenger car registrations in Europe (EU-28 + EFTA) rose by 6 percent last month to 1.2 million vehicles. It should be remembered that this year, October had one more working day than it did in 2016. Out of the five largest individual markets, France and Spain enjoyed the strongest October growth – of 14 percent in both cases. New registrations also showed positive developments in Italy (+7 percent) and Germany (+4 percent). By contrast, the United Kingdom saw demand for passenger cars fall again (-12 percent).
This means that during the first ten months of 2017 the European market achieved a total volume exceeding 13.2 million new vehicles (+4 percent).
In October the US market for light vehicles (passenger cars and light trucks) failed to match the positive result from September. Sales fell by 1 percent to 1.3 million new vehicles. Here the shift toward light trucks is continuing. While sales of new passenger cars lost 10 percent in October, light trucks gained a good 3 percent. The proportion of the total market going to light trucks rose last month to a new record of 66.0 percent (63.0 percent in October 2016). In the US the year’s accumulated light vehicle sales have fallen by almost 2 percent, to 14.1 million new vehicles.
The Chinese passenger car market grew by 1 percent last month to exceed 2.3 million units. Since January, the Chinese car market has totaled 19.0 million vehicles, which is a rise of 3 percent. SUVs are especially in demand in China, and since the beginning of this year they have added 16 percent, reaching 8.0 million units.
Following the Indian passenger car market’s new record in September, it took a breather in October. Car sales amounted to 279,800 units, thus equaling last year’s figure. The year-to-date total for new car sales is 2.7 million units, i.e. 9 percent above the 2016 level.
In October the Japanese passenger car market failed to match the previous year’s result – for the first time in 12 months. Demand for passenger cars eased off by 1 percent, to 310,800 units. In the first ten months of 2017, however, sales added a good 7 percent to more than 3.7 million new cars.
The Russian light vehicle market again recorded growth. With 148,600 units (+17 percent), October was the strongest month for nearly three years. Since January a total of 1.3 million new vehicles have been sold (+11 percent).
In Brazil the passenger car market once again expanded strongly in October. In all, 196,900 new vehicles were sold, which was year-on-year growth of over one quarter (+27 percent). This year the Brazilian car market has so far reached a volume of almost 1.8 million vehicles –an increase of 10 percent.
|October 2017||January - October 2017|
17/16 in %
17/16 in %
|European Union (EU-28)*||1,169,700||5.9||12,830,200||3.9|
|W. Europe (EU15+EFTA)||1,095,500||4.6||12,149,400||3.0|
|New EU Countires (EU13)*||112,400||20.1||1,085,200||14.4|
|* without Malta
** Light Vehicles