Peak car in EU? Bacon saved by former basket cases

Is peak car reaching Europe? EU car sales took 10 long years to slowly claw back towards pre-crisis levels, and now, the downer: In September, passenger car registrations dropped 2% across the common market, says Europe’s auto manufacturer association ACEA.

Remember how Europe’s southern periphery seemed sick for many years? Interestingly, Europe’s former basket cases are now the bright spots. All over the South, healthy improvements are reported. Passenger vehicles sales in formerly near-dead Greece, for instance, were up nearly 30% in September.

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Are Volkswagen’s Sales Lagging, Or Does VW Suddenly Cheat Less?

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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.

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EU New Passenger Car Market Grows 6.2% In January

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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.

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#dieselgate costs VW market share. Does it really?

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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]

EU new car buyers unfazed by #dieselgate, and we are not surprised

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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]

EU new car market goes sideways again

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After showing signs of life in March and April, the EU new car market went back to going sideways in the month of May. Across the EU, registrations were up a paltry 1.3 percent to 1,109,893 units, Europe’s manufacturer association ACEA reports. [Continue Reading]

Europe’s new car sales April: The awakening

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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]

EU new passenger vehicle registrations up strongly in March, except for GM

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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]