EU new car market sputters back to life, but still requires life support. “GM Group” replaced by “Opel Group”

Up 4.2%

Up 4.2%

After having been in steady decline for six long years, the EU new passenger car market finally had a change of heart (rhythm.) 12,550,771 new passenger cars were registered in the EU in 2014, Europe’s manufacturer association ACEA says. The 5.7% growth posted in 2014 can hardly be called a decisive turn-around. [Continue Reading]

EU new car market runs out of steam in November, self-registrations and discounts very high

Picture courtesy 1zoom.me

The big European turn-around that appeared to finally have collected enough courage in the past two months, already ran out of steam in November. Sales across the EU were up a mere 1.4 percent in November, Europe’s manufacturer association ACEA reports. What little growth there is more or less goes on account of Mediterranean countries where new cars sales pretty much had come to a halt last year during the financial crisis. [Continue Reading]

Europeans trade-in Daimler for Dacia

banner-dacia-gpl6

By now, you have probably heard that the European car market is alive, well, and on its way to new heights. Sadly, that isn’t so. The market apparently hit rock bottom in the Euro-crisis year of 2013 and recovered slightly. The long-term trend, however, is still down. [Continue Reading]

EU April new car registrations up 4.6 percent. The shift from premium to budget accelerates

smallest-car-florence-italy Pictuere courtesy mimiandcarl.com

New car sales in the EU were up a paltry 4.6 percent in April, as statistics by Europe’s manufacturer association ACEA show. (Full table here.) When sales were up 10.6 percent in March, this was widely feted as the long-sought turn-around. A month later, there is less reason for celebration. According to the ACEA, April’s “total of 1,089,226 units registered marked the third lowest result to date for a month of April since ACEA began the series in 2003 with the enlarged EU.” From such a low level, one would think that a real rebound shows a little more vigor. [Continue Reading]