Fleet News

European new car sales weak in first quarter

EUROPEAN new car sales were weak in the first quarter of 2007 – some 0.3% down on the same period of 2006 to 3,855,816 units, according to ACEA, the European vehicle traders association.

Germany is down 10% to 717,536 units so far this year with less new car registrations than Italy, which is up 4.1% (733,223). France is down 1.4% (519,919) and 0.7% (410,534) fewer cars have been registered in Spain than in the first quarter of 2006. The UK is up by 2.9% (668,476).

Except for Hungary and Slovenia, the new EU members have all seen big increases in registrations in the first quarter of 2007 compared to 2006. Although off a smaller base than for Western Europe, sales in the accession states increased by 13.8% (265,249) with Latvia recording 73.8% (7,939) and Estonia 48.9% (7,651). The largest of the new EU member states – Poland – recorded a 24.5% increase to 72,763 units in the first quarter.

The best performing brand in Europe was Honda – up 17.6% in the first quarter – followed by Toyota (up 12.9%) with the Fiat Group continuing its grwoth (up 6.4%).

The Renault Group continued to suffer with new car registrations falling 9.9% in the first quarter of 2007, although Mazda (down 11.9%) and Nissan (down 16.9%) posted much larger falls.

Leave a comment for your chance to win £20 of John Lewis vouchers.

Every issue of Fleet News the editor picks his favourite comment from the past two weeks – get involved for your chance to appear in print and win!

Login to comment


No comments have been made yet.

Compare costs of your company cars

Looking to acquire new vehicles? Check how much they'll cost to run with our Car Running Cost calculator.

What is your BIK car tax liability?

The Fleet News car tax calculator lets you work out tax costs for both employer and employee