The European PC Market Grew 8,2% in the First Quarter of 2017
- Following 6.5% growth in 2016, the European market for passenger cars (PC) increased by 8.2% in the first quarter of 2017. It is still too early to say whether this growth will continue over the whole year. However, at this rate, the market could reach 16 million units by 2017 (a level never seen since 2007).
- Most OEMS have seen their sales increase in the first quarter of 2017: PSA Group (+ 71.6%), Suzuki Group (+ 30.0%), Tata Group (+ 9.2%), BMW Group (+6.0%), Renault-Nissan Group (+ 11.0%), Hyundai-Kia Group (+ 10.1% 7%), Volkswagen Group (+ 4.8%).
- Two manufacturers’ sales decreased in the first quarter of 2017: Mazda (-5.4%) and Honda (-11.6%).
- The market leader remains Volkswagen ahead of PSA, which becomes second through the acquisition of the Opel and Vauxhall brands. This leaves the Renault-Nissan group in third position in Europe.
Contact us: info@inovev.com