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.
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]
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]
The European new car market is coming back from the near-dead. April passenger vehicle registrations in the EU were up 6.9% to 1,166,482 units, says the European Automobile Manufacturers Association ACEA, and it adds that this was “the best result in terms of volume for the month of April since 2009.” Four months into the year, new passenger car registrations increased by 8.2 percent. [Continue Reading]
March is the most important car buying moths in many parts of Europe, and car sales finally are in full bloom in the EU. New car registrations were up 10.6 percent in March, when compared to the same month in the prior year by the European auto manufacturer association ACEA. Finally, the rise is broad-based, and no longer the simple statistical effect it was until recently. [Continue Reading]
February new car registrations are out, published by EU auto manufacturer umbrella organization ACEA. EU passenger car registrations were up 7.3 percent for the month, again mostly driven by a re-awakening South (Spain +26.1 percent, Italy +13.2 percent). Germany (+6.6 percent) and France (+4.5 percent) finally show a little life. [Continue Reading]