The world market fell 7.1% in the first half of 2019
- The decline in vehicle registrations in the first half of 2019 reached 7.1% worldwide, compared to the first half of 2018, a level that had not been reached since the 2008-2009 financial crisis. The decline in passenger car sales even reached 9%, while commercial vehicle sales remained stable over the period.
- China is the market that is driving global growth down with a 14% decrease in passenger car sales volume. There was also a decrease of 3.1% in Europe and 2.4% in the United States. These three markets account for nearly three-quarters of global registrations.
- Several automakers delivered their sales figures for the first half of 2019:
• The PSA group reports a 12.8% drop in sales over this period, which it attributes mainly to the cessation of deliveries in Iran and its difficulties in China (-59.5%).
• The Renault group reports a 6.7% decline in sales, mainly due to China (-23.7%), Argentina (-47.7%), India (-13.8%) and Turkey (-46.3%).
• The Volkswagen group reports a 2.8% drop in sales, mainly attributable to China, where it recorded a 3.9% drop in sales.
• Among the Premium cars, Mercedes reports a 4.7% drop in sales, Audi a 4.5% drop in sales, Jaguar Land Rover a 9.6% drop in sales, while BMW reports a 1.6% increase and Volvo a 7.3% increase.
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