European car market records its best October since 2009

0
3


The European automotive market grew by 8.7% in October year on year, with a number of registrations "at the highest since 2009", continuing to recover from the shock of the new anti-pollution standards introduced in September 2018, according to published statistics on Tuesday.

Renault's deliveries (with Dacia, Lada and Alpine) rose 13.2% in October, after falling by nearly 15% last year over the same period.

Conversely, PSA (Peugeot, Citroen, DS, Opel, Vauxhall), which had withstood the market downturn in October 2018, saw its registrations drop by 5.1%, according to data from the Manufacturers Association. European Motor Vehicles (ACEA).


Last month, about 1.18 million new passenger cars were put on the roads of the European Union, nearly 100,000 more than a year ago. This is "the highest total recorded for a month of October since 2009," said ACEA in a statement.

As in September, when registrations had already increased by 14.5%, the increase is mainly due to the weakness of the market last year during the same period, following the entry into force of the new registration standard. WLTP vehicles.

This new standard, which gives a more realistic representation of the pollutant emissions of vehicles, caused the temporary shutdown of certain engines that did not meet the regulatory thresholds and, consequently, a fall in deliveries as of 1 September 2018, particularly among aircraft. less well-prepared manufacturers like Volkswagen, Daimler, Renault or Fiat Chrysler (FCA).

Slight decline over the year

In October 2018, "registrations dropped by 7.3% after the entry into force of the WLTP tests, establishing a weak basis of comparison for 2019," notes ACEA.

In the first ten months of this year, the European market posted a slight decline of 0.7%, in line with the ACEA forecast that in February forecast stagnation after five years of growth.

On the part of manufacturers, the leading European group Volkswagen increased its deliveries by 30.8% in October, more than catching up 21.5% last year. The German manufacturer benefits from the expansion of its range to SUV (compact SUV) compact T-Cross and T-Roc that sell well.

PSA penalized by Opel

The German carmaker (with its Skoda, Audi, Seat and Porsche brands) saw its market share soar to 24.9% (+4.2 points), ie one in four registrations in the European Union. In second place, PSA, which recently announced a merger project with FCA, sees the opposite its market share melt at 15.2% (-2.2 points).

Its Peugeot brand held up well in October (+ 0.7%). Citroen (+ 11.1%) continued to benefit from a successful model renewal, while the DS label with high-end aspirations jumped 67.6% thanks to the arrival of the new city DS3 Crossback. But Opel penalizes the group with a fall of 27.3%.

The Renault group consolidated its third position in Europe with a 10.1% market share (+0.4 points). The diamond brand, which has just launched a new generation of its city Clio, grew by 16.5%, outperforming its Romanian low-cost label Dacia which still progresses by 7.4%.



Source link
https://www.bfmtv.com/economie/le-marche-auto-enregistre-son-meilleur-mois-d-octobre-depuis-2009-1808539.html

Dmca

LEAVE A REPLY

Please enter your comment!
Please enter your name here