Tag Archives | Renault

European auto markets head in a new direction

The European auto market continues at 20-year lows, with sales down 4% in January – September.  Whilst September’s sales appeared stronger, up 5% versus 2012, this was only due to Spain and the UK.  Spain boosted volume by 10k due to a €2.7k ($3.7k) government hand-out for people trading in an older vehicle.  Whilst UK volumes were up 40k due to a credit […]

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Greece’s problems lead to EU auto industry job cuts

Greece’s debt default saga seems never-ending. And it is tempting to hope that it only matters to those suffering in Greece and the PIIGS countries (Portugal, Italy, Ireland, Greece, Spain). But a look at auto sales trends since 2005 gives a different picture. As the chart shows, based on ACEA data, sales in the 5 […]

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Auto companies face Japan supply chain problems

EU auto sales remained weak in February, and dependent on just 4 countries. As the chart shows (red line), they followed January in being at the bottom of historical monthly sales. Overall, January and February were down 0.3% versus 2010, with 2 million autos sold: • German sales were up 16% at 435K; France was […]

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US, European, auto buyers focus on price

US auto sales disappointed again last month. As the chart shows, January (red square) came in well below the 1.1m level that was normal during the Boom years. And even this 819k sales level required major increases in incentives. GM, of course, was focused on stabilising its stock price after the IPO, so it needed […]

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EU auto sales top USA and China in 2009

Almost unnoticed, the EU became the largest regional auto market last year. Thanks to the support of scrappage programmes (particularly Germany’s €5bn scheme) it sold 14.4 million autos, compared to just 10.4m in the USA and 13.6m in China. W Europe continued to see higher sales than Central Europe, due to greater government support. But […]

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European auto sales slide continues

European auto sales fell 25% in January, according to JD Power. This equals an annualised rate of just 11m cars, the lowest since the early 1990′s. 13.6m were sold in 2008. And although the forecaster hopes for some improvement later in the year, it suggests that “a late 2010 recovery is the most likely timing”. […]

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European auto sales to fall 16% in 2009

European auto sales fell 8.4% in 2008, versus 2007. Sales of 13.56m autos were just ahead of the USA’s 13.2m. European volumes continue on a worsening trend, with December down 19% versus last year: • Spanish sales were down 50% • Sweden was down 45% • The UK was down 21% • The Netherlands were […]

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