Figures are up for Brazil, Japan and Russia in July - but down for China, the U.S. and India
The global automotive markets developed in different ways in July. Whereas high single-digit growth was seen in Western Europe (EU15+EFTA), business slowed in the U.S. and China. Sales fell off in India – a result of a special effect – but improved slightly in Japan. Brazil and Russia achieved two-digit growth rates.
New passenger-car registrations rose by 9 percent to 1.2 million in Western Europe in July. However, this month had one working day more than the month before. Highly positive rates of growth were achieved on the five largest individual markets, with sales of passenger cars soaring by 19 percent in both France and Spain and a two-digit growth rate (+ 12 percent) recorded in Germany. During this month the automotive market grew by 4 percent in Italy and showed a mildly positive trend (+ 1 percent) in the UK. In the first seven months of the year, the passenger-car market in Western Europe grew by 3 percent to a good 9.1 million vehicles.
On the U.S. market for light vehicles (passenger cars and light trucks), the sales volume contracted by 3 percent in July to barely 1.4 million vehicles. During the period January to July, 9.9 million vehicles were sold (+ 1 percent). The trend toward light trucks continues: Since the beginning of the year sales of light trucks have risen by 9 percent while sales of passenger cars have dropped by 12 percent.
As expected, the Chinese market displayed a weaker trend in July and declined by 6 percent to barely 1.6 million new cars. During the first seven months of the current year, in contrast, this market saw growth of 4 percent to 13.1 million passenger cars.
In India sales of passenger cars went down by 3 percent to 291,000 new cars. This drop is due to the distinctly high level of sales in the previous month, which was caused by consumers' putting off buying new cars until July in the expectation that the tax reform would result in falling prices. In the months January to July 2018, 2.0 million passenger cars were sold – 11 percent more than in the same period of the previous year.
In July sales of new cars showed a positive development with a growth rate of 3 percent (368,900 units). During the first seven months of this year, however, sales of passenger cars declined by 2 percent to about 2.7 million.
In July the Russian passenger-car market displayed renewed growth of 11 percent with a volume of 143,500 units. This was the 15th month in a row with two-digit growth. From January to July, 992,700 new vehicles were sold (+ 17 percent).
The Brazilian light vehicle market expanded by 17 percent in July with a market volume of 209,100 light vehicles. This marked the end of the phase of weak growth triggered by the truck drivers' strike in May. During the first seven months of 2018, 1.3 million vehicles were newly registered in Brazil – an increase of 14 percent over the same period in the previous year.
|July 2018||January - July 2018|
18/17 in %
18/17 in %
|Western Europe (EU15+EFTA)||1,188,700||9.0||9,140,500||2.9|
|* without Malta
** Light Vehicles