Monday, July 25, 2011

New car sales decline in Europe during H1 2011


The latest new car sales for H1 2011 show that, despite what was looking like an improving market, sales across Europe were slightly down on last year, according to JATO Dynamics. Although there was uplift in sales during May, total sales in June 2011 fell by 7.8%.

JATO’s key analysis of the market:
§  The European market dropped by 1.4% (104,900 units) during H1 2011 compared to the same period last year and by 7.8% in June
§  Overall European markets struggled during H1 2011, with GB, Italy, Spain and Greece, down 7.1%, 13.2%, 26.9% and 43.6% respectively
§  Only Ford and Audi experienced sales increases during June, both helped by the launch of new models
§  Volkswagen retains and consolidates its position as Europe’s leading brand, selling 880,308 units during H1 2011

Commenting on the findings, Gareth Hession, Vice President, Research said: “Despite some positive signs earlier this year, on-going economic instability in many markets has kept many people away from dealerships. The success of new models such as the new Ford Focus and Audi’s A1 demonstrates the importance of having products that are fresh as well as competitively positioned in a difficult market.”



National Trends
Similar to Q1 2011, only two of the ‘big five’ European markets showed positive growth during H1 2011: France and Germany were up 1.0% and 10.5% respectively while Great Britain, Italy and Spain were down 7.1%, 13.2% and 26.9%. Of these markets, Germany experienced the greatest unit growth in H1, up 153,788 units, while Spain saw the biggest decline, down 162,928 units.

Sales in Central and Eastern Europe have performed consistently well during 2011 as automotive markets expand in the region. Poland performed particularly well, up 22.9% in June and 22.8% during the first half of the year.

Sales by market
Country
Jun_11
Jun_10
% Change Jun
Jun YtD_11
Jun YtD_10
% Change YtD
Austria
32,018
32,957
-2.8%
187,593
169,676
+10.6%
Belgium
48,353
53,872
-10.2%
326,445
320,203
+1.9%
Cyprus
1,140
1,383
-17.6%
7,201
7,313
-1.5%
Czech Republic
16,156
18,515
-12.7%
88,284
88,960
-0.8%
Denmark
13,943
15,530
-10.2%
84,588
73,678
+14.8%
Estonia
1,458
896
+62.7%
8,463
4,853
+74.4%
Finland
11,220
12,237
-8.3%
71,278
62,436
+14.2%
France
210,172
240,531
-12.6%
1,225,084
1,212,436
+1.0%
Germany
288,382
289,259
-0.3%
1,622,579
1,468,791
+10.5%
Great Britain
183,125
195,226
-6.2%
1,029,638
1,108,662
-7.1%
Greece
9,738
14,591
-33.3%
55,160
97,732
-43.6%
Hungary
4,233
4,289
-1.3%
23,362
21,680
+7.8%
Iceland
1,166
1,135
+2.7%
3,056
1,925
+58.8%
Ireland
11,030
8,398
+31.3%
77,138
67,541
+14.2%
Italy
169,662
172,524
-1.7%
1,016,713
1,171,421
-13.2%
Latvia
912
631
+44.5%
5,082
2,634
+92.9%
Lithuania
1,344
663
+102.7%
6,623
3,277
+102.1%
Luxembourg
4,256
5,155
-17.4%
28,596
29,677
-3.6%
Norway
10,591
11,119
-4.7%
69,377
61,969
+12.0%
Poland
24,622
20,038
+22.9%
136,675
111,344
+22.8%
Portugal
17,162
26,028
-34.1%
91,915
115,245
-20.2%
Slovakia
7,485
6,284
+19.1%
35,403
29,522
+19.9%
Slovenia
5,769
5,663
+1.9%
32,942
32,403
+1.7%
Spain
83,325
121,727
-31.5%
442,394
605,322
-26.9%
Sweden
27,485
28,270
-2.8%
157,042
138,079
+13.7%
Switzerland
27,431
31,505
-12.9%
155,267
147,365
+5.4%
The Netherlands
50,677
50,680
-0.0%
328,773
270,093
+21.7%
Grand Total
1,262,855
1,369,106
-7.8%
7,316,671
7,424,237
-1.4%






Brand Performance
Despite recording a decrease of 4.3% in June, Volkswagen remains Europe’s leading brand, extending its lead over rivals, with sales increasing 5.9% over the last six months. German brands continue to perform well in 2011 with
Audi, BMW and Mercedes all experiencing increases of 8.7%, 8.4% and 0.6% respectively. 

The month of June saw increases in only two of the top ten brands, Ford and Audi, up 0.7% and 9.2% respectively, largely due to the significant sales of the Focus and the new A1.

Outside of the top ten brands, Asian manufacturers, Nissan and Hyundai, have had positive performances, increasing 16.8% and 10.5% respectively during H1. Toyota experienced a decrease of 9.9% for the same period.
Gareth commented: “Consumer perception of quality, high standard equipment levels and strong residual values are critical factors in the success of the German brands. Their success is supported not only by their traditional customer base, who being typically more affluent are more confident purchasers during these tough economic times, but also from consumers who are looking for security from their hard earned investment.”

Top 10 Brands
Make & Model
Jun_11
Jun_10
% Change Jun
Jun YtD_11
Jun YtD_10
% Change YtD
VOLKSWAGEN
146,508
153,110
-4.3%
880,308
831,381
+5.9%
FORD
104,140
103,401
+0.7%
596,526
631,943
-5.6%
OPEL/VAUXHALL
102,191
113,998
-10.4%
547,008
531,437
+2.9%
RENAULT
96,254
119,419
-19.4%
566,660
636,759
-11.0%
PEUGEOT
90,410
100,933
-10.4%
519,366
557,887
-6.9%
CITROEN
74,804
86,128
-13.1%
436,569
466,262
-6.4%
FIAT
69,484
80,466
-13.6%
393,906
487,005
-19.1%
AUDI
64,401
58,969
+9.2%
359,154
330,473
+8.7%
BMW
64,349
65,250
-1.4%
336,303
310,355
+8.4%
MERCEDES
58,498
61,064
-4.2%
300,943
299,098
+0.6%

Model Performance
Volkswagen’s Golf maintains its leading position in Europe, selling 253,288 units in the first half of the year. The success of the re-launched Ford Focus and Volkswagen Passat meant these were the only two models in the Top 10 to experience growth in June and during H1.


Top 10 Models

Make & Model
Jun_11
Jun_10
% Change Jun
Jun YtD_11
Jun YtD_10
% Change YtD
VOLKSWAGEN GOLF
41,113
45,329
-9.3%
253,288
272,684
-7.1%
FORD FIESTA
33,567
34,046
-1.4%
195,592
239,026
-18.2%
OPEL/VAUXHALL CORSA
33,133
38,431
-13.8%
170,659
177,578
-3.9%
VOLKSWAGEN POLO
31,590
36,871
-14.3%
188,225
190,650
-1.3%
FORD FOCUS
30,790
22,611
+36.2%
149,328
145,812
+2.4%
OPEL/VAUXHALL ASTRA
29,809
34,612
-13.9%
162,334
165,394
-1.9%
RENAULT CLIO
26,832
33,612
-20.2%
162,519
194,275
-16.3%
PEUGEOT 207
23,859
30,332
-21.3%
140,986
174,733
-19.3%
RENAULT MEGANE
23,051
28,622
-19.5%
129,175
143,346
-9.9%
VOLKSWAGEN PASSAT
22,876
19,447
+17.6%
131,979
102,487
+28.8%

For more information visit www.jato.com, or email jatoteam@firstlightpr.com

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