Vladimír Urbánek (Kurzy.cz)
Markets  |  April 17, 2013 10:15:04, updated

ACEA: Car sales in Europe in March fell by 10% y / y in 1Q then by 9.7%

According to statistics from European Automobile Manufacturers' Association (ACEA) new car sales in Europe in March fell by 10% to around 1.35 million units. Sales of countries "Western" Europe declined by 10% to 1.28 million vehicles.

Sales for Q1 whole fell by 9.7% to 3.1 million vehicles. If the current pace of market development remain, it returns the result of this year's auto market back to about 1993. It is estimated that this year, total sales in Europe fall by more than 7%

The European car market at the beginning of this year, roughly weigh the negative impact of the ongoing debt crisis and the global economic downturn. The highest unemployment rate since 1995 and a general uncertainty dampens fundamentally buying appetite of Europeans.

The biggest fall from European manufacturers, the French Peugeot, whose sales fell by 16%, as sales of Ford's European division, sales of German VW declined by 9.3%.
GM's European division sales decreased by 13% from the sales of the Chevrolet by 28%. Opel's sales declined by 10%, Renault's 9.7%, relatively best performing Fiat with a decrease of only 1.2% due to the relatively successful introduction of the new Model 500 L wagon on the market. Fiat sales in Italy fell by 4.9% compared 17procentnímu drop in February.
BMW sales fell by 4.7%, Audi sales fell by 1%, sales of Mercedes-Benz grew by 0.8%.
Skoda sales declined by 5.4% and 7.3% over the 1Q.

Significantly failed to Asian brands, led by 17procentním fall at Toyota and Mazda and 10% for Hyundai. Honda enhance sales by 17.2%, Kia improved by 3.7%.

Growth of 20% recorded Dacia, about 13.3% of a raise Jaguar Land Rover

Within countries, the situation was worst in Cyprus and Finland, where sales fell by more than 58%, a decrease of 32.2% was recorded in Romania by 31.4% Netherlands 21.2%, and decreased sales in Sweden. Sales in the Czech Republic declined by 19%.
On the other hand, sales growth was highest in Denmark with growth of 9.2%, Hungary +6.3% and +5.9% United Kingdom.
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