A year ago in Germany, there were 1.26 million new registrations of cars. This year there were 1.27 million vehicles registered, meaning a 1.1% increase? (These figures were confirmed by the European Automobile Manufacturers Association, other known as the ACEA). However figures indicating January to September sales fell to 10.5 million new cars, representing a 0.8% decline.
According to the same Brussel’s based organisation, Germany were the only car market to receive growth out of Europe’s top five automotive industries. Volkswagen sales as well as BMW’s dedication to their home market have had a huge influence in ensuring Germany’s automotive industry great performance. The stats prove this as German car sales rose 8.1% whereas sales in Britain dropped 0.8%.
We were not the only car market to perform poorly compared to Germany. France’s sales decline by 1.4 % whereas Spain weren’t too far off that figure with a 1.3% drop. Italian sales represented one of the biggest drops in car sales with a downfall of 5.7%.
Smaller car markets in Central Europe figures that are completely opposite to the major car markets previously mentioned. Estonia’s sales were up by 56.6% whereas Lithuania saw a rise of 65.3%. Latvia had 77.3% new car registrations, representing a tremendous increase in sales. Bulgaria and Romania are said to have achieved similar success too. Iceland, who are not a member of the European Union reported a 157% rise in new car registrations.
The newly designed 5 Series has helped BMW sales to increase in Germany. The newly rejuvenated BMW X3 tripled last month. BMW’s Mini brand has also seen its demand heavily increase.
Frank Biller, an analyst for Landesbank Baden-Wuerttemberg said that BMW’s and Volkswagen’s newer models have played a major role in influence these recent results. He also said that sales in 2010 could only get better after Germany followed England’s suit of the scrappage scheme, following the economic downturn.
There seems to be an inconsistent pattern amongst many European car markets at the moment. One thing that is consistent is BMW sales across the world, which doesn’t come as much of a surprise.