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Automobile industry

European Car Sales Show Mixed Development in October 2009

Strategic Insights

— 1 min read

European car sales showed a mixed development in October 2009, with Volvo Cars reporting a 15.8% year-on-year growth in sales, while Saab Automobile AB experienced a 65.1% decline. The industry as a whole saw a 11.2% increase in new passenger car registrations, with western Europe leading the growth at 15.8%. However, new European Union (EU) member states suffered a 36.9% drop in sales.

Key Takeaways:

  • Volvo Cars reported a 15.8% year-on-year growth in sales in October 2009, selling 20,146 units and capturing a market share of 1.6% in Europe.
  • Saab Automobile AB experienced a 65.1% decline in sales, selling only 1,753 cars in October and holding a market share of 0.1%.
  • The industry as a whole saw a 11.2% increase in new passenger car registrations in Europe, with a total of 1.263 million units sold in October 2009.
  • Western Europe led the growth in sales, with a 15.8% increase, while new EU member states suffered a 36.9% drop in sales.
  • The UK registered the largest increase in sales, with a 31.6% growth, followed by Spain with 26.4%, Germany with 24.1%, France with 20.3%, and Italy with 15.7%.
  • The Czech Republic was the only new EU member to post a growth in sales, with an 8.8% increase.
  • Poland and Latvia suffered the largest declines in sales, with a 8.4% and 81.6% drop, respectively.

Statistics:

  • 15.8% year-on-year growth in Volvo Cars sales
  • -65.1% year-on-year decline in Saab Automobile AB sales
  • 11.2% increase in new passenger car registrations in Europe
  • 1.263 million units sold in Europe in October 2009
  • 1.6% market share held by Volvo Cars in Europe
  • 0.1% market share held by Saab Automobile AB in Europe
  • 36.9% drop in sales in new EU member states
  • 15.8% growth in sales in western Europe
  • 31.6% growth in sales in the UK
  • 8.8% growth in sales in the Czech Republic
  • 8.4% decline in sales in Poland
  • 81.6% decline in sales in Latvia

Sources:

  • M2 PRESSWIRE via COMTEX
  • European Automobile Manufacturers' Association (ACEA)
  • M2 COMMUNICATIONS
  • Comtex News Network, Inc.

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