The European new car sales market is showing no sign of slowing down with July’s sales up 5.4 percent on the same period last year.
20 Aug 2014 | 2465 Views | By Autocar Pro News Desk
The European new car sales market is showing no sign of slowing down with July’s sales up 5.4 percent on the same period last year. According to the latest analysis from global automotive intelligence provider JATO Dynamics, the majority of Europe’s biggest markets saw positive growth for the month and ...
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The European new car sales market is showing no sign of slowing down with July’s sales up 5.4 percent on the same period last year. According to the latest analysis from global automotive intelligence provider JATO Dynamics, the majority of Europe’s biggest markets saw positive growth for the month and the five largest markets have all grown year-to-date.
Out of the 29 countries analysed, 22 recorded year-on-year increases in sales last month, while nine of the top 10 brands increased their sales compared to July 2013. Skoda was the best performer in the top 10 with a 27.8 percent increase compared to the same month last year.
Europe's largest markets continue to grow, with four out of the 'Big 5’ recording significant YoY growth. Spain saw the best performance, where government incentives led to double-digit growth of 11.3 percent for the month. Great Britain (+6.6%) and Italy (+5.3%) also performed well during July, while Germany returned to growth of 6.8 percent following a slight fall in June. France saw a sales drop of 4.3 percent but growth remains up 1.9 percent on year-to-date sales.
Out of the countries studied, 22 of the 29 registered growth compared to July last year. Sweden continues to impress with sales growth up 12.7 percent on the same month last year and a 17.1 percent increase year-to-date. Elsewhere, the Czech Republic recorded another month of double-digit growth, with sales increasing 21.8 percent YoY and Switzerland started to reverse its year-on-year decline with growth of 4.3 percent compared to July last year.
Monthly sales for July increased considerably from last year in Ireland (+61.6%) and Portugal (+30.6%), although both markets started from a low base. Ireland benefitted from a split registration system, which gave consumers a better choice in buying their new car mid-year rather than during the busy first quarter.
Volkswagen remains the top European brand by sales, with growth of 8.1 percent compared to July of last year. Volkswagen's market share increased on the back of an impressive performance from their flagship Golf model. The new Golf Sportsvan also performed well and the Tiguan remains popular, both helping to boost sales.
The top 10 brands have all grown their sales year-to-date and all but one saw a sales increase in July. Skoda, helped by strong sales of the Octavia (+34.9%), claimed ninth place with an impressive 27.8 percent increase in July; this brings Skoda’s year-to-date sales growth to 19.4 percent.
July also saw increases for BMW (+9.1%) and Opel/Vauxhall (+8.0%). Opel/Vauxhall was helped by strong sales of the Mokka while BMW benefitted from the release of new body types for its new 4-series.
The VW Golf remains the top-selling model in Europe and led the way for Volkswagen with a sales increase of 10.9 percent for July and 13.7 percent year-to-date. Audi’s A3 recorded a 23.0% increase in sales for the month, putting its year-to-date sales at +29.3%.
Other strong performers included the third-placed Renault Clio (+11.9%) and Opel/Vauxhall’s Corsa (+16.7%) in fifth place.
Outside of the top 10, Skoda's impressive month saw a sales increase for both their Rapid and Yeti models while the Fabia also performed well, with sales almost level with last year despite serious competition in the B-segment.
Compact crossover vehicles such as the Dacia Duster (+85.5%) and the Opel/Vauxhall Mokka (+62.4%) proved to be popular choices during July. This segment also saw another surge in demand for the newly introduced Renault Captur and Peugeot 2008.
Gareth Hession, vice-president of research at JATO Dynamics, commented: “Based on this month’s (July) performance, there are no signs that the European new car sales recovery is slowing down. Gains remain steady across most European countries, particularly amongst a number of key larger markets, and I expect this to continue in August, therefore delivering a full year of overall sales growth.”