The European market is recovering in the 1st half of 2014
- The European market 29 countries recorded an increase of 5.1% in June, reaching 1 232 425 units, up 6.4% on the aggregate six months to 6 847 244 units, offsetting only part of the 2008 to 2013 decline. Let us recall that the European market, 29 countries had lost 23% of its volume between 2007 and 2013.
- It is mainly Eastern Europe countries that benefited from a strong recovery in sales in 2014 (+21.4% over the last 6 months), to 457 769 units, but the market of these 12 Eastern European countries did lost 35% of its volume between 2007 and 2013.
- To the west of Europe, Portugal (+37.9%), Greece (+23.4%), Ireland (+23.4%), Spain (+17.6%) are the countries that increased the most, but there again they had declined significantly between 2007 and 2013.
- This market growth is the result of an adjustment due to the sharp decline in previous years. The markets that suffered the least during the last 5 years (eg Germany) benefited the least of this catch up effect.
- Manufacturers who benefited the most from this upturn are : in first position Renault-Nissan (+16.7%), Volvo (+10.8%), and with lower volumes Mazda (+24.2%) and Suzuki (+12.5%), thanks to a novelty effect.
- Throughout the year, the European market is expected to slow its growth and rise between 4.5% to 5.0% (including +4.3% in Western Europe and +13% in Eastern Europe) .
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