Car market in May still at full throttle

9 years ago - Published in Finance, Fundamental Analysis

The European car sector also grew in May continuing the trend for 33 consecutive months. In May, as stated by the Association of European car manufacturers (ACEA), registrations in the EU (EU28) recorded a 16% jump to 1,288,220 units and those which also include the EFTA, the Association the European Free Trade Association (Switzerland, Iceland and Norway) have marked an increase of 15.5%. As part of the single Eurozone (EU15) sales increased by 15.2% to 1,029,000 units.

Among the five main markets, we note the very positive trend of Italy, which has done better than other European countries, with an increase of 27.3%. well even Spain (+20.9%), France (+ 22.3%), Germany (+ 11.9%) and the UK (+ 2.5%), which recorded lower growth rates.

As for the individual brands, Fiat Chrysler Automobiles (FCA), reported in the European Union overall increase in sales of 25.7%, while market share rose to 7.5% from 6.9% the previous .

Volkswagen Group holds position and marks an increase in registrations of 9.3%, altough with a steady decline in market share to 24% from 25.5 in the previous image confirms damage caused by the Dieselgate scandal.