The European LUV market remains well below pre-crisis levels
- The European light utility vehicles market (29 countries) grew by 11.6% in 2015, following a growth of 19.7% in 2014, but remains well below pre-crisis levels. Last year's figure of 1 735 000 vehicle registrations remains 25% lower than the figure for 2007 (2 229 000 vehicles).
- The market would therefore need to grow on average by 10% annually over three years (2016-2017-2018) to return to the record levels of 2007.
- The European light utility vehicles market is much more concentrated than the passenger cars market, which means that there are fewer manufacturers in this market, and also fewer imports from regions outside Europe + Turkey. In addition to this, there are also few exports to regions outside Europe.
- The European manufacturers producing this type of vehicle (the seven main ones are PSA, Renault-Nissan, Ford, FCA, Daimler, Volkswagen and GM) are therefore directly affected by changes in the LUV market in Europe.
- In 2015, PSA was the main producer of LUVs (420 000 vehicles), ahead of Renault-Nissan (390 000 vehicles), Ford (385 000 vehicles), FCA (335 000 vehicles), Daimler (255 000 vehicles), Volkswagen (210 000 vehicles) and GM (110 000 vehicles). These figures include LUV production in Turkey.
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