Press Releases

European passenger car market expands strongly in April

Berlin, 17 May 2018

Double-digit growth in China, Brazil and Russia – Contraction on US market

The international automotive markets largely generated good news in April. In Europe the market grew by nearly 10 percent. The emerging economies China, Brazil and Russia all reported double-digit growth, while the Indian and Japanese passenger car markets recorded single-figure growth rates. The US was the only market to contract.

The European passenger car market (EU28+EFTA) recorded strong growth in April this year, which had two working days more than April 2017. The volume of new registrations rose by almost 10 percent to 1.3 million vehicles. The five large national markets in particular produced good results. Double-digit growth occurred in Spain (+12 percent) and the United Kingdom (+10 percent). France (+9 percent), Germany (+8 percent) and Italy (+6 percent) had single-digit growth rates. In the first four months of the current year, 5.6 million passenger cars were newly registered in Europe – an increase of 3 percent.

The US light vehicle market contracted in April. At 1.3 million light vehicles, it missed last year’s level by 5 percent. However, in the US April had two trading days less this year than in 2017. The light truck segment bucked the trend on the overall market by adding 5 percent, while sales of passenger cars slumped by 21 percent. This year’s light vehicle sales have an accumulated total of 5.4 million so far, which equals last year’s level.

Last month’s passenger car sales showed keen growth in China. In all, 1.88 million new vehicles were sold which equates to a rise of 13 percent. From January to April the Chinese passenger car market recorded growth of 6 percent (7.87 million new vehicles sold).

April was also a successful month for the Indian passenger car market. The sales volume grew by 7 percent to reach 298,500 cars. In the first four months of 2018 a total of 1.2 million vehicles were sold, resulting in year-on-year growth of 7 percent. The market has been expanding continuously for around three years.

The Japanese new car business also delivered positive figures in April. The number of passenger cars sold was 3 percent up on the same month last year (305,000 vehicles). Yet the market shows net contraction for the year. By the end of April 1.6 million vehicles had been newly registered, i.e. 2 percent less than in the first four months of last year.

Russia has been enjoying continuous growth on its passenger car market since March 2017. This trend continued in April 2018. The market increased by 18 percent, with 152,400 new cars sold. This year 545,300 vehicles have been sold so far, which is 21 percent up on the same period last year.

The Brazilian light vehicle market continued its recovery in very dynamic fashion in April. A total of 210,300 new light vehicles were registered. That represents massive growth of 38 percent. The results for the year so far are also positive: 738,500 new vehicles and a year-on-year rise of 20 percent

 

 

 

 

 

 

Apr 2018

January - April 2018

Volume

Change
18/17 in %

Volume

Change
18/17 in %

Europe (EU28+EFTA)*

1.348.700

9,6

5.631.300

2,6

European Union (EU-28)*

1.306.300

9,6

5.478.400

2,7

W. Europe (EU15+EFTA)

1.227.000

9,1

5.153.200

1,8

New EU Countries(EU13)*

121.700

14,2

478.100

12,5

Russia**

152.400

17,6

545.300

20,5

USA**

1.346.500

-5,0

5.435.400

0,1

Japan

305.000

2,6

1.608.900

-1,8

Brazil**

210.300

37,7

738.500

20,4

India

298.500

7,5

1.160.000

7,3

China

1.875.400

12,6

7.869.500

5,7

* without Malta
** Light Vehicles

Eckehart Rotter
Eckehart Rotter Head of Department Press

Tel: +49 30 897842-120 Fax: +49 30 897842-603
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