New decline in European markets in October 2018
- The introduction of the new WLTP standards that replace the old NEDC standards continues to disrupt the European market during the second half of 2018.
- After the sharp rises recorded in July and August, due to over-registration or massive destocking of vehicles to old standards, the European passenger car market recorded a sharp drop in September (-23% for all of Western Europe) and a further, smaller drop in October (-7.5% for the whole of Western Europe).
- As a result, over the first 10 months of 2018, the European passenger car market is growing by 1.5%, and the figures should be better in November and December. This means that the European market could record growth of between 2.0% and 3.0% over the year, which is in line with Inovev forecasts, which predicted 2.9% growth in 2018 at the beginning of summer.
- It can be seen from the graphs below that some countries are doing better than others, especially France, which has the lowest sales declines in September and October, and this country is also posting the strongest sales growth in Western Europe for the 10 first months of 2018 (+ 5.7%) behind Spain (+ 10.0%) and the Netherlands (+ 8.1%), but ahead of the Germany, Belgium, Italy and the United Kingdom.
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