Tag Archives: eu

European Passenger Car Sales Soft in January 2024

The Western Europe passenger car selling rate fell slightly to 12 million units a year in January, according to numbers just released by the respected GlobalData* consultancy, at 901,000 vehicle registrations. Year-over-year (YoY) January grew 10.7% with strong growth in Germany and other major West European countries. However, relative to pre-pandemic January 2019, the  passenger vehicle (PV) market is down almost 19%.

“With supply having been a key limiting factor over recent years, 2024 will see the focus return to the health of underlying demand. In this regard, consumers face headwinds such as high interest rates, inflation, and elevated vehicle pricing. However, the latter should ease as a function of greater vehicle supply and further volume recovery is baked into the 2024 outlook. Risks remains, noting the recent Red Sea attacks hitting freight costs, which only increases pressure on the manufacturing cost base,” the GlobalData European Light Vehicle Sales Forecasting Team said. Continue reading

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EU Commercial Vehicle Registrations -8.5% in October

In a demonstration of  the murky answer to the question “is the ongoing European-recession glass half-empty or half-full?”, ACEA* said today that the EU market for new commercial vehicles continued to scuffle, declining for the sixteenth month in a row at -8.5% vehicles.

However, year-to-date registrations of new commercial vehicles across the European Union contracted by 16.8% to 1.3 million units. So things are improving somewhat since the rate of decline is decreasing. Moreover, the truck and bus segments performed better than in October 2021. Continue reading

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EU Registrations: Q1 -12.3%, March -20.5%

The ongoing supply chain interruptions, further exacerbated by Russia’s invasion of Ukraine, negatively affected car production. As a result, most countries in the region recorded double-digit drops in sales, including the four key markets: Spain (-30.2%), Italy (-29.7%), France (-19.5%) and Germany (-17.5%). This compares to Passenger car registrations: -6.4% first two months of 2022; -6.7% in February, which means the trend line is increasingly negative. Continue reading

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Western European Car Registrations Fall by -8.5%

“We suspect that last month’s strong sales may have been the result of an increased use of self-registrations by dealers and OEMs, ahead of further changes to WLTP regulations which came into effect on 1 September, and we may therefore see some payback in selling rates in the coming months,” says LMC.    Continue reading

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Brexit – UK Car Production Declines -10.6%. Exports Hit

British car manufacturing output declined -10.6% in July, with 108,239 units produced, according to figures released by the Society of Motor Manufacturers and Traders (SMMT). This was the 14th successive month of decline as ongoing weakness in major EU and … Continue reading

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Ford to Add Fiesta and Focus EcoBoost Hybrids in Europe

Echoing competitors who are leading while bowing to EU regulations, the Fiesta and Focus EcoBoost Hybrid models will be unveiled in Amsterdam next week as part of a “comprehensive and compelling new line-up of Ford Hybrid and all-electric cars, SUVs and commercial vehicles.” Continue reading

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British Car Manufacturing Declines -19.6% In November

While home production fell by -1.9% in the month, exports experienced a steeper -22.8% drop – falling for the fifth month in a row. Just over 105,000 cars were exported to global markets in November, still representing some eight in every 10 cars leaving British factories. Continue reading

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GM to Announce Sale of Opel/Vauxhall this Monday with Investors’ Call and a Press Conference

If the deal goes through, it would mean GM’s presence in Europe would be limited to niche sales of Cadillac, and Chevrolet Camaro and Corvette models – all of them exports. PSA is the third largest automaker in Europe behind Renault. Volkswagen Group leads in Europe PSA Group’s sales were 1,930,000 vehicles and increased by 3.6% in 2016. In 2016, global sales increased by 5.8%, to 3,146,000 units. Continue reading

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General Motors to Sell Opel/Vauxhall and Leave Europe?

If the PSA deal goes through, it would mean GM’s presence in Europe would be limited to niche sales of Cadillac, and Chevrolet Camaro and Corvette models – all of them exports. Continue reading

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15,000 Steelworkers March to EU Headquarters in Brussels

Over the past seven years, more than 80,000 steelworkers lost jobs in the European industry. Continue reading

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Automakers Protest European Laws Targeting Diesel Use

The automakers reason, not without some basis in fact – that the most effective way to improve air quality is getting older cars and trucks off the road. New vehicles less than one year old are roughly 5% of the road population in the EU. As more of the older diesels are replaced, it looks like fewer of them will be diesels, no matter how clean the newest ones are. Continue reading

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EU February Car Sales Increase. Signs of Life?

EU February car sales increased for the sixth consecutive month, with a rise of 8% in registrations. However, in absolute figures, the 861,058 units registered marked the second lowest result to date for a month of February since ACEA, the automakers trade group, began keeping track in 2003 with the commencement of an enlarged EU. Continue reading

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Peugeot Q3 Sales, Revenues Down. GM JV Scaled Back

The Peugeot Group this morning in Paris posted Q3 revenues of €12.1 billion, down -3.7%. Automotive revenues were €8 billion, down -5.8%. Continue reading

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August European Auto Sales Down Again

Auto sales in Western Europe fell by 5.3% in August dashing the hopes of auto executives that the market had finally bottomed out while continuing a five year negative trend as the results continue to confirm the bleak conditions facing the industry. Continue reading

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Renault Profits Climb to €583 Million despite Eurozone Crisis

Renault posted a profit of €583 million in the first half of 2013 in the face of the Eurozone crisis. The unexpected positive increase of 15% in earnings compared to last year came as Group revenues of 20,441 million dropped – 0.9% compared to the first-half 2012. Automotive operational free cash flow was negative at -€31 million with an automotive net cash of €732 million at end of June 2013. Continue reading

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