The European market for light utility vehicles increased by 10.7% in 2014
- The European market (29 countries) for LUV (less than 3.5 tonnes) increased by 10.7% in 2014, to 1 593 558 units (against 1 439 889 in 2013) of which 1 478 789 units in the Western Europe (17 countries) and 114 769 units in Eastern Europe (12 countries).
It is (slightly) improving economic conditions in Europe that favoured the revival of the LUV market.
It is (slightly) improving economic conditions in Europe that favoured the revival of the LUV market.
- This positive result enabled the market to reach its 2011 levels once again, as the market had declined in 2012 and 2013, but this result remains well below the figures achieved before 2009 which were around 2 million units per year (peak of 2007: 2.3 million units).
- According to Inovev the European LUV market should continue to make up for a portion of the volume lost since 2009 and will grow slowly until 2017, at a rate of 3.5% per year on average. The result achieved in 2017 will be less than 1.8 million units, still quite far from levels achieved before 2009.
- By country, France is the leading European LUV market (370 000 sales), thanks to vehicles of category N (PC models transformed into LUV) such as the Renault Clio and Peugeot 208 from Company, that accounted for nearly 80 000 sales in 2014.
The United Kingdom (320 000 sales), driven by favourable economic conditions, is the second largest market behind France. Followed by Germany (230 000 sales), that buys heavier and larger vehicles, followed far behind by Italy (120 000 sales) and Spain (115 000 sales). These five countries account for 72% of the European LUV market in 2014.
The United Kingdom (320 000 sales), driven by favourable economic conditions, is the second largest market behind France. Followed by Germany (230 000 sales), that buys heavier and larger vehicles, followed far behind by Italy (120 000 sales) and Spain (115 000 sales). These five countries account for 72% of the European LUV market in 2014.
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