UK: European new car sales up 5.8% in first half
June car sales in Europe were up 4.3% to leave sales for the first half of the year up 5.8% over last year according to data released by JATO Dynamics.
JATO said that sales growth of 4.3% in June means that year-on-year sales increased for the tenth consecutive month in the region.
Overall, 24 of the 30 countries analysed recorded year-to-date increases in volumes compared to the same period last year, including Europe's five largest markets France, Germany, Great Britain, Italy and Spain.
With growth of 18.8%, Spain was particularly strong during the first half of the year following the re-introducon of government incentives, after very low sales a year ago. Great Britain also performed well with year-to-date growth of 10.6%. Over 120,000 more new cars were sold in Great Britain in the first half of 2014 compared to the same period last year, representing the largest increase in volumes in Europe.
Fewer available selling days in June contributed to a slight dip in sales volumes in Germany during June (-1.9%). However over the first half of 2014 this market grew by 2.4%. Italy recorded year-to-date growth of 3.4%, and France 2.9%.
Seven of the top 10 brands saw increases in their sales in June and all ten saw increases for the year-to-date. The two best-selling brands in Europe so far this year - Volkswagen and Ford - have both been affected by the slowdown in the Netherlands, where the former is the market leader.
Volkswagen's sales fell 3.1% in June compared to the same month last year, while its year-to-date growth of 1.9% is below the market average. Ford's H1 2014 sales have grown in line with the market (up 5.5% YtD) despite a slight fall in June (-1.2%).
JATO noted that it has been a good year so far for third placed Opel/Vauxhall (up 8.3% in the first half and 11.7% for June), with strong demand for the new Mokka small crossover and the revised, lower-CO2 Insignia model. Renault's year-to-date growth of 13.5% helps close the gap on the top three. Its performance is further boosted by a strong June that saw new car sales rise by 20.8%. It was also a good month for BMW, which recorded a 7.8% rise in volumes.
Outside the top 10, Skoda (+12.6%), Seat (12.7%), Volvo (+15.0%) and Mazda (+12.9%) all recorded double-digit growth during June. Dacia is one of the fastest growing low-cost volume brands of 2014 with sales up 35.3% for the year-to-date and 32.4% for June.
Volkswagen's Golf remains Europe's top selling model thanks to impressive year-to-date growth of 14.2%. In contrast to the lower overall sales growth for the Volkswagen brand, the strong performance of the Golf in 2014 has resulted in it gaining market share.
Renault's Clio is the second best-selling model in June following a 12.3% rise in sales compared to 2013; however the Ford Fiesta is the second best-selling model of 2014, recording growth of 9.3% for the first half of the year. The Opel/Vauxhall Corsa (up 3.5% for June and 1.5% YtD) and the Volkswagen Polo (down 14.5% for June and 1.5% YtD) complete the top five.
In June the Renault Captur (+116.0%) becomes the first small crossover to enter JATO's top 10 models by sales volume. This breakthrough, JATO noted, demonstrates how small crossovers have joined medium crossovers such as Nissan's Qashqai, also in the top 10, as a mainstream choice for consumers.
Fiat's 500 just misses out on the top 10, but nonetheless has performed well in 2014 so far. Sales were up 22.7% in June and 15.6% for the year-to-date. The other models recording strong double-digit growth for the first half of the year are the Skoda Octavia (+42.1%), Dacia Sandero (+35.7%) and the Audi A3/S3/RS3 (+30.4%).
Gareth Hession, Vice President of Research at JATO Dynamics, commented: "Overall it has been a very positive first half of the year for the European new car market. Year-to-date growth of 5.8% and ten consecutive months of sales increases are fantastic achievements in the current economic climate. These trends suggest that the industry has every chance of extending this level of performance for the remainder of 2014."
|Sales by Market|
|Country||Jun_14||Jun_13||% change Jun||Jun YtD_14||Jun YtD_13||% change YtD|
|NOTE: *denotes estimated data included for June ‘14|
|Top 10 Brands|
|Make||Jun_14||Jun_13||% change Jun||Jun YtD_14||Jun YtD_13||% change YtD|
|Top 10 Models|
|Make & Model||Jun_14||Jun_13||% change Jun||Jun YtD_14||Jun YtD_13||% change YtD|
All data sourced from JATO Dynamics