So far, emerging markets are still doing extremely well. However, last month their growth rate slowed significantly.
Brazil was up 14% in May, compared to +30% year to date. Central Europe declined by 4% in May, against a showing of +10% YTD,and Turkey grew by just 1% in May versus +18% YTD.
Only China (+16% May, +17% YTD) and Russia (+22% May, +33% YTD) were still up strongly.
Among mass market OEMS, 38% of VW unit sales come from emerging markets (mostly China and Brazil), 37% of Fiat (mostly Brazil), 35% of Renault (mostly Russia and Brazil) and 32% of PSA (mostly China and Brazil).