Industry experts say lack of scrappage shows true demand for new cars in Europe
27 November 2009

New car sales in Eastern Europe dropped again in the third quarter of 2009, with industry analysts claiming the figures show the "true" level of demand for new cars across the continent.

Government-backed scrappage incentive schemes are not as common in Eastern Europe as in the west. The relative lack of schemes forced year-on-year sales down 32 per cent, with 213,086 units sold in the 11 countries included in the figures.

JATO Dynamics, the industry analyst that compiled the figures, said: "Eastern Europe is suffering far more than western markets. Of course, the worrying thing here, for Western Europe, is it reveals the ‘true’ level of demand for new cars, when the cushioning effect of scrappage and other incentives is removed."

Poland and Slovakia were the only Eastern European countries to post sales increases of 5.6 and 8.1 per cent respectively. Sales in Hungary were down 74.7 per cent, with sales in Latvia down 73.9 per cent.

Skoda remained the region's biggest-selling manufacturer, shifting 27,646 units in the period, but this was still a 32.7 per cent drop on last year. The Skoda Octavia was the biggest-selling model, followed by the Skoda Fabia and Dacia Logan.

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27 November 2009

it's not just eastern Europe is it: Ireland -62% year to date; Denmark -32%; Finland -38%; Iceland -79%.

the Baltic countries and Bulgaria's Black Sea region(Romania's too - see Top Gear Romania film) had huge, insane property bubbles which have now burst. unlike UK they haven't got the ability to tap up their population for £2 trillion to hand over to the bankers and print money. Ireland, same as UK, except it can't print euro money to buy its own debt, hence massive house price falls and no one buying cars/vans.

closer to home, the real picture of vehicle demand and demand in the wider UK economy is shown by the huge collapse in demand for trucks, especially heavier ones.

truck registrations(>3,5t) fell 62% in October compared to Oct 08. registrations of artics (2/3 axle tractor units) fell 75%. now that's the stuff of nightmares.

http://www.smmt.co.uk/articles/article.cfm?articleid=20693

27 November 2009

@ Kairoo.

Fair enough, we are now aware of what in your opinion wrong with the UK and US economies. Can you tell us, what in your opinion, should be done to rectify the problem now it exists? Also could you do it in a positive manner rather than knocking everbody and everything?

27 November 2009

@ Tbh

Have been reading the rather depressing 'pound' thread that horsey created and totally agree that we now must hear from the only person in Europe who knows everything about anything to see how things can be rectified!

Global Warming.. My Rs

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