Keyword/Image Search
AI Navigator
login
GlobalData European Passenger Car Sales Update (September 2024)
2024/10/10
-
Summary
-
Commentary
Summary
- The Western Europe PV selling rate decreased to 11.3 mn units/year in September, from well above 12 mn units/year the previous month. In year-on-year (YoY) terms, sales volumes were down 4.8% — September 2023 being a relatively strong base for comparison as improved supply supported the fulfilment of backlogged orders.
- Sales in Germany remained disappointing as consumer confidence struggles. In what is a seasonally strong month for the UK, the selling rate fell back from recent levels, though YoY growth was in positive territory.
- Year-to-date (YTD), the Western European market is now flat in comparison to last year (+0.3%). The big picture within the industry remains the same. Strong vehicle pricing, high interest rates, and a lack a of incentives, continue to restrict sales. Some improvement is expected moving in 2025 as monetary policy easing supports broad economic expansion.
This report is for paid members only.
If you register as a free member, you can read the rest of this article for a limited time.
In addition, you can also enjoy the following content for free:
Related Report File
-
{{ ct_title }}
Loading...
Japan
+81-3-4241-3907
USA
Mexico
Germany
China (Shanghai)
Thailand
India