EU new passenger car registrations were up a strong 14.3% in February, Europe’s auto manufacturer association ACEA said today. Ever since dieselgate, these numbers have attracted interest far beyond the usual crowd of auto marketers, economists, and analysts. The big question is: Does dieselgate influence Volkswagen sales in a serious way? The Sunday Times went as far and asked: “Could the scandal really destroy VW?” Let’s have a look.
The European new passenger market continued its slow recovery in January, printing a 6.2% increase over January 2015. As in many previous months, most of the growth was in the southern reaches of Europe. New car registration grew 17.4% in Italy, and 12.1% in Spain. In the northern parts of the region, the French market grew 3.9%, the German 3.3%, while the UK market grew 2.9%, data published by the European auto manufacturer association ACEA show.
The new year did not bring a change to the current downtrend in Japanese auto sales. Registrations across all segments were found down 4.6%, once data reported by various industry associations were consolidated. Again, the market was dragged down by continued weakness among a Japanese peculiarity, mini vehicles.
Only a miracle could help Volkswagen reach its goal of becoming the world’s largest automaker this year, and miracles are in short supply in Wolfsburg. With October data by Toyota in, it looks like VW will miss its goal by more than 200,000 units when this year’s race is over. [Continue Reading]
Today, Europe’s auto manufacturer association ACEA published EU new passenger car registration data for October. Overall EU registrations were up 2.9 percent in the month, but that wasn’t what observers were looking for. A mere 75 seconds after ACEA released the numbers, Bloomberg hit the wire, pronouncing that “VW’s European Market Share Falls in First Month of Scandal.” Later, “falls” was edited to “slips.” Volkswagen’s group sales were down a mere 0.2 percent in the month. Was it due to dieselgate? The proof is far from conclusive, and the facts deserve at least a few minutes of closer inspection. [Continue Reading]
Japanese new car registrations remained in negative territory in October, as pulled-forward mini vehicle sales are still not quite digested. [Continue Reading]
The EU new passenger car market recovered at a solid clip in September, with registrations up 9.8 percent across the EU. Nearly all markets reported solid gains, Italy was up 17.2 percent, and Spain 22.5 percent. Among the manufacturers, Volkswagen Group, up 8.4 percent, slightly underperformed the market. However, observers from the Wall Street Journal to Bloomberg were surprised to see people still buying cars from scandal-ridden Volkswagen. The car business just isn’t that simple. [Continue Reading]
Registrations of new automobiles in Japan contracted by 7.6 percent in September, consolidated data by Japan’s industry associations show. Data were diminished by continuing, even accelerating weakness of mini vehicles, on top of sluggish sales of regular vehicles. [Continue Reading]