Mainstream European carmakers crashed by nearly 10 per cent in February

Mainstream European carmakers have been hit by a huge sales decline, as new car sales crashed by nearly 10 per cent in February. The biggest losers in the worst single month for European sales since autumn 2010 were Renault, Peugeot-Citroën, Opel/Vauxhall, Fiat Group, Suzuki and Mazda. On the upside, Chevrolet, Mini, Mercedes, Jaguar and Land Rover all made significant sales advances. In the first two months of the year, Renault sales plummeted by 28.5 per cent to 129,455 units and Opel/Vauxhall was down 20.3 per cent to 113,554 units. Peugeot was down 18.3 per cent (125,525) and Citroen 12.8 per cent (111,650).

Fiat brand sales dropped 18.6 per cent and Alfa dropped 28.5 per cent to sales of just 16,466.Other double-digit losers included Toyota, Suzuki, Mazda and Seat. Honda and Mitsubishi were down 29.3 per cent and 27.5 per cent, respectively.

The biggest single gainer over January and February was Jeep, up 57.3 per cent, from a modest 2674 units to 4206. Land Rover leapt 54.5 per cent to 13,779 units on the back of runaway Evoque sales.

Jaguar was up 10.5 per cent and Mini 9.9 per cent. Kia jumped by 30 per cent, Chevrolet by 22 per cent and Hyundai by 11.7 per cent.

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29

15 March 2012

I think that the second-hand car market is filling in the gaps because of the high prices of new cars. I have just swapped my Mk1 Audi A3 for a 4-yr old Mk 2, 2L Diesel from a car warehouse in NW London for under £10k and am well pleased.

15 March 2012

Honda's sales have been low because of the Tsunami followed by flooding in Thailand affecting parts supply. Plus the Civic has just been replaced and the European CRV is also in the process of being replaced.

15 March 2012

[quote Maxycat]Honda's sales have been low because of the Tsunami followed by flooding in Thailand affecting parts supply.[/quote]

I agree, and Renault made it plain that, except for the new Megane, their line-up would not be in full swing, electric city cars, until this year. But I wonder if we are also seeing a diminution in cars bought by private money against those bought by company money, that is, the wealthier in a better financial position to renew their cars and to choose from the premium marques.

DKW

15 March 2012

[quote Autocar]The biggest losers in the worst single month for European sales since autumn 2010 were Renault, Peugeot-Citroën, Opel/Vauxhall, Fiat Group, Suzuki and Mazda.[/quote] The biggest losers in the worst single month for European sales since autumn 2010 were manufacturers of crap cars, and Suzuki and Mazda.

15 March 2012

[quote Los Angeles]

[quote Maxycat]Honda's sales have been low because of the Tsunami followed by flooding in Thailand affecting parts supply.[/quote]

I agree, and Renault made it plain that, except for the new Megane, their line-up would not be in full swing, electric city cars, until this year. But I wonder if we are also seeing a diminution in cars bought by private money against e bought by company money, that is, the wealthier in a better financial position to renew their cars and to choose from the premium marques.[/quote] Renault must be feeling the pinch as they have axed the anything larger than a Megane. Which is a shame as the Laguna, with it slightly offset looks was a pretty good car in the class and ultra reliable by all accounts.

15 March 2012

Apparently there is a shortage of used cars due to less company cars coming through the system. This will creep residuals up so ironically leasing make get a shade cheaper.

Jeep, up 57.3 ! when they launched the shocking death trap 2 star Compass a while ago? That said, I did see before the ncap news went common knowledge they sold off must have been every Compass in stock or on demo dramatically cheap.. fire sale figures!

Chevrolet have been doing the same, plenty of £25,000+ list price 12-18 month old Captiva's been sold off for £12,000.

15 March 2012

Being entirely mercenary, will I be able to get my dreamed of Guillietta for a very healthy discount? Silver cloud etc .................

15 March 2012

You will get an extra 10% discount if you can demonstrate that you can spell Giulietta correctly. Had mine for exactly a year now - absolutely brilliant!

15 March 2012

[quote newdevonian]You will get an extra 10% discount if you can demonstrate that you can spell Giulietta correctly. Had mine for exactly a year now - absolutely brilliant![/quote]

I'd love one of those cars, 1.4 turbo (170 bhp), they were even doing 0% finance, mags say they not the most exciting car to drive so please say otherwise as it might just sway me.

 

Hydrogen cars just went POP

15 March 2012

The European firms will find it tough to make up ground as they are too dependant on the European market.The Japanese have a better global spread to make up the shortfall imo.

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