New car sales in Western Europe grew by just 0.1% year-on-year (YoY) in July according to data released by LMC Automotive. The annualised selling rate (SAAR) climbed to 14.3m units a year in July, from 14.2m units a year in June.
Six months into the year, Toyota have maintained their lead over VW and the Renault-Nissan-Mitsubishi Alliance, and also have increased their growth over the same period last year.
Western European new-car sales fell 8.4% year-on-year (YoY) in June, according to data released by LMC Automotive. The annualised selling rate also slipped back to 14.2m units a year in June, from 14.4m units a year logged in May.
- In Germany, sales
For just the third time in a decade, the U.S. auto industry is expected to enter the summer selling season without a monthly sales gain. Light-vehicle deliveries are predicted to decline between 1.5% and 3.3% this month from June 2018, according
The European automobile manufacturers’ association, ACEA, expect car registrations in the region to shrink by 1% in 2019, revising their previous forecast of 1% growth.
“Aside from the uncertainty due to Brexit and changing macroeconomic
European registrations rose marginally in May—the first rise in nine months—helped by a jump in deliveries in Germany. Sales in the EU and EFTA markets climbed 0.04% to 1.44 million cars compared to a year ago, industry association ACEA said last week.
Valeo’s sales fell 0.8% in the first quarter amid sharper declines in vehicle production in some of their major markets. Revenue fell to €4.84bn in 1Q-2019 as global auto production dropped 7%.
Detroit’s big-three, Toyota, and Nissan dropped on weaker car demand, while Honda, Hyundai-Kia, VW Group, and Subaru bucked an industry slowdown. Among major automakers, only American Honda, Hyundai-Kia, Volkswagen Group, and Subaru
European new-car sales fell 0.9 percent in February with Porsche, Audi and Nissan suffering steep drops in volume while Jeep and Jaguar made big gains.
Registrations dropped to 1.15 million cars in the EU and EFTA markets, data from industry association