Europe’s August sales abatement assorted with a 5% aggregate access in July.
Staff and wire letters Automotive News Europe September 17, 2013 08:33 CET
European car sales fell 5 percent in August with PSA/Peugeot-Citroen and Volkswagen Accumulation hit hardest by the euro-zone slump, which is befitting barter out of showrooms.
Registrations in the EU and EFTA countries alone to 686,957 cartage from 722,458 a year earlier, industry affiliation ACEA said today in a statement. The abatement assorted with 5 percent advance in July.
Eight-month sales additionally fell 5 percent to 8.14 actor autos, bringing deliveries this year to the everyman akin back annal began in 1990.
“We’re still in red territory,” Florent Couvreur, a Paris-based analyst at CM-CIC Securities, said. “When bodies say we’ve accomplished the bottom, I say, ‘watch out,’ because the bazaar is still decreasing. The bead is a little beneath steep, but we’re still falling because of the bad macroeconomic environment.”
European sales by Volkswagen Group, the region’s better carmaker, fell 11 percent aftermost month, abject bottomward by a 17 percent attempt at the namesake VW brand. The Audi analysis awash 6 percent beneath cars in Europe. Skoda and Seat cast sales beneath by 5 percent and 3 percent respectively.
PSA, Europe’s second-biggest carmaker, acquaint an 18 percent sales bead in August that breakable its bazaar allotment to 11 percent for the aboriginal eight months, bottomward about a allotment point year-on-year. CEO Philippe Varin anticipation at the Frankfurt appearance on Sept. 10 that there will be “slightly absolute growth” in European auto-industry deliveries aing year.
Download PDF, aloft right, for abounding August and 8-month sales by automaker and brand.
Renault outperformed added mass-market carmakers. Its Europe sales were up 6 percent in August, led by 16 percent advance at Dacia. Renault cast sales rose 2 percent. Renault CEO Carlos Ghosn said aftermost anniversary that the car bazaar may aggrandize hardly added than 1 percent in 2014.
Ford Motor’s European sales decreased 1 percent aftermost month. Ford of Europe CEO Stephen Odell said on Sept. 9 that “it does feel like we’re active forth the bottom” of the auto-market contraction.
General Motors Co.’s sales rose 1 percent as an 18 percent accretion by the Chevrolet cast added than account a 3 percent abatement at the Opel/Vauxhall division. Karl-Thomas Neumann, arch of Opel/Vauxhall, said on Sept. 11 that the Adam minicar and Mokka baby SUV accept helped stop a market-share abatement in the region.
Fiat’s European registrations slipped 5 percent in band with all-embracing demand.
BMW acquaint 10 percent added registrations in Europe. Daimler sales rose 6 percent as the Mercedes-Benz analysis appear an 9 percent gain, against a 24 percent attempt in appeal for two-seat Smart cars
European registrations by Toyota Motor alone 4 percent in August.
Hyundai’s European sales beneath 5 percent, while sister cast Kia’s registrations alone by 4 percent. Hyundai-Kia accept bound their sales abatement this year to 1 percent, afraid the affliction of the slump.
“What we’re seeing appropriate now in the European car industry is a awkward middle,” Allan Rushforth, arch of Hyundai’s European operations, said. “German exceptional brands are advancing bottomward through the bazaar while Hyundai is affective up through the segments, authoritative activity actual difficult for those European aggregate brands abiding in the mainstream.”
The European car bazaar rose 5 percent in July to 1.02 actor vehicles. The accretion was the additional this year, afterward a 2 percent access in April that apparent the aboriginal advance in European car sales in 19 months. ACEA releases July and August sales abstracts accompanying anniversary September.
Registrations in the accomplished two months were afflicted by differences in the cardinal of business canicule against 2012, with one added in July and one beneath in August, ACEA said today. Abstracts for both August and the year to date were the everyman back the barter accumulation started accumulation numbers 23 years ago, Economics and Statistics Director Quynh-Nhu Huynh said.
Four of Europe’s bristles better automotive markets shrank aftermost month. Deliveries in top-ranked Germany alone 6 percent. That compared with a 2 percent access in July. The UK market, the region’s additional biggest, broadcast 11 percent in August. French sales were bottomward 2 percent while registrations fell 6 percent in Italy and 18 percent in Spain.
European Central Bank controlling lath affiliate Yves Mersch said in Dubai on Monday that the European arena is seeing “tentative blooming shoots” of bread-and-er recovery. ECB President Mario Draghi said that while the euro area’s acknowledgment to advance in the additional division is “welcome,” any accretion is “only in its infancy.”
The abridgement of the 17 countries application the euro emerged from a almanac six-quarter recession in the three months through June. Aftereffects such as a abandoned amount in the breadth that captivated at 12.1 percent in July led auto-industry admiral at the Frankfurt auto appearance a anniversary ago to stick to predictions of a sixth after anniversary car-market abbreviating in 2013.
Bloomberg and Reuters contributed to this report
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