Executive Briefings

Automotive Sales Continue Upswing in Western Europe in August

The Western European passenger car market recorded another strong uplift in sales volumes in August with a 10.3 percent year-on-year rise in sales to 706,041 units, according to the latest IHS Automotive forecast. This further pulled up the year-to-date increase for the first eight months of the year by 8.5 percent year over year to 10.07 million units. Following August's result, the final adjusted trend-cycle seasonally adjusted annual rate of sales showed its highest level since February 2010 with a figure of 13.4 million units.

Automotive Sales Continue Upswing in Western Europe in August

German passenger car sales continued to progress with a highly positive development in August with the month recording a 6.2 percent y/y uplift to 226,314 units, while the year-to-date period returned a 5.6 percent y/y increase to 2,135,459 units.

The growth in passenger car sales in France grew by 10 percent y/y to 92,052 units. The gains in August helped lift its YTD to 1,256,670 units, an increase of 5.9 percent y/y.

Passenger car registrations in Spain grew by 23.3 percent y/y during August as improvements came from a range of sources with sales rising by 45,355 units to 55,918 units. This has helped it to maintain the rate of growth during the YTD, with an increase of 22.3 percent y/y to 714,062 units.

Italian passenger car registrations recorded further growth during August, increasing by 10.7 percent y/y to 59,203 units. While this has been weaker than in some earlier months, the YTD growth held relatively firm with registrations now standing at 1,065,556 units, an increase of 15.0 percent y/y.

UK passenger car demand grew by a further 9.6 percent y/y during the typically weak month of August with registrations growing from 72,163 units to 79,060 units. The main driver of the increase last month again was fleet demand, with registrations increasing by 11.8 percent y/y to 40,184 units. YTD sales for the first eight months rose 6.7 percent y/y to 1,634,369 units.

Source: HIS Automotive

German passenger car sales continued to progress with a highly positive development in August with the month recording a 6.2 percent y/y uplift to 226,314 units, while the year-to-date period returned a 5.6 percent y/y increase to 2,135,459 units.

The growth in passenger car sales in France grew by 10 percent y/y to 92,052 units. The gains in August helped lift its YTD to 1,256,670 units, an increase of 5.9 percent y/y.

Passenger car registrations in Spain grew by 23.3 percent y/y during August as improvements came from a range of sources with sales rising by 45,355 units to 55,918 units. This has helped it to maintain the rate of growth during the YTD, with an increase of 22.3 percent y/y to 714,062 units.

Italian passenger car registrations recorded further growth during August, increasing by 10.7 percent y/y to 59,203 units. While this has been weaker than in some earlier months, the YTD growth held relatively firm with registrations now standing at 1,065,556 units, an increase of 15.0 percent y/y.

UK passenger car demand grew by a further 9.6 percent y/y during the typically weak month of August with registrations growing from 72,163 units to 79,060 units. The main driver of the increase last month again was fleet demand, with registrations increasing by 11.8 percent y/y to 40,184 units. YTD sales for the first eight months rose 6.7 percent y/y to 1,634,369 units.

Source: HIS Automotive

Automotive Sales Continue Upswing in Western Europe in August