Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  4.4.2013 10:08:25

Comments retail - cars are not sold, sales have a chance to grow


Retail sales in February of this year dropped again. Compared were lower by 4.7%. A negative result was caused by two important factors - car sales and the number of working days. This year, February had one working day less, and so the decline in revenues brainer. After adjusting for the number of days sales still remained in the negative - about 1.7 percent.

Big disappointment once again brought the sale of motor vehicles, in this case, mainly passenger cars (-7%),. Not only on the statistics of sales is see a big drop in demand for cars. The number of registrations according to statistics SDA for new passenger cars declined year on year in February 3000. Demand for cars has recently been minimal, and not only in the Czech Republic, but throughout Europe.People still do not want to save a large expenditure. Automakers are trying to fight by lowering prices, but even that was deaf consumers. Therefore, in current prices, sales fell even more, namely by more than ten percent.

The retail sector without cars fell in February by 3.6%. I signed to him with weak consumer demand, which would be but this year it was slowly waking up. Poor outcome was directed to the area of ??non-food (-1.5%) and food products (-5%). The food will still reflects the skepticism of consumers, which is reflected in the popularity of shopping events, but also by the fact that consumers buy less and increasingly cheaper alternatives goods. Food inflation is high and consumers are very sensitive to any changes in their prices. Fascinating but sales are on the Internet. After the excellent result of the January came another, very similar.Sales increased in constant prices by 20.8%. It is a growth that would allow all other areas envy. The taste of people shop online to tell.

One of the few other areas where still able to increase sales, the sales of electronics and clothes. Both categories have one thing in common - they grew only in constant prices, ie after adjusting for inflation. At current prices, their sales declined. In electronics, this means an increase of 3.7% compared to the real decrease of 5.8%. This is the price for constantly falling prices of goods in the industry.

Ing. Michal Kozub
Analyst
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