The European market (29 countries) is up 3.6% in the first 9 months of 2017
- In the first 9-months of 2017 , the European market (29 countries) rose by 3.6% with a volume of 13.54 million units. However in September 2017, it fell by 2%.
- This decline in September is attributable to the poor scores recorded in the two largest European markets: Germany (-3.3%) and England (-9.3%). England ‘s car market continues to decline since the introduction of new taxes in the first half of 2017, and the first consequences of Brexit are beginning to be felt. In the first 9 months of 2017, England fell by almost 4%. For Germany, the political context may have negatively impacted the automotive market (waiting phenomenon). Over the total of the first 9 months of 2017, however, Germany remains positive (+ 2.2%).
- Overall, the market seems to be slowing in the second half of 2017, as the number of countries with negative sales progression on September is 11 relative to 7 in August, 5 in July and 5 in June.
- Inovev expects a 3.2% increase in the European market (29 countries) in 2017, for a volume of 17.6 million units, compared to 17.1 million in 2016 and 18.7 million in 2007. The estimated volume for 2017 is however the best achieved since the record of 2007. Three manufacturers together make up more than 50% of European registrations: the Volkswagen group (23%), the PSA group (16%) and the Renault-Nissan group (15%).
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