| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News


Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News




Content Management by interactivetools.com.

News : EU Economy Last Updated: Jan 17, 2014 - 7:36 AM

European car sales decline slowed in 2013 - worst year since 1995
By Michael Hennigan, Finfacts founder and editor
Jan 16, 2014 - 10:38 AM

Email this article
 Printer friendly page

The European car market showed signs of improvement in 2013 with a sales decline of 1.7% compared with 2012  when units plunged 8.2% - - the sector's worst result for 18 years.

With a 13.3% increase in new car registrations in December 2013, the EU recorded the largest monthly year-on-year growth since December 2009 (+16.6%). However, in absolute figures, the results were the third lowest to date for a month of December with a total of 906,294 units.

The data was published today by the European Automobile Manufacturers Association (ACEA - - Association des Constructeurs Europeens d'Áutomobiles).

From January to December, the EU market recorded a total of 11,850, 905 new cars. With a contraction of 1.7% in 2013, new car registrations have been on the decline for six consecutive years. In terms of annual volumes, 2013 is the worst year since 1995 (15 EU countries at the time), and the worst ever since ACEA began the series in 2003 with the enlarged EU.

In December, most EU markets posted growth, as did all the major ones, from +1.4% in Italy, to +5.4% in Germany, +9.4% in France, +18.2% in Spain and +23.8% in the UK. Irish sales were at -32.9%.

Over twelve months, results were more contrasted across markets. The UK recorded a double-digit growth (+10.8%), while Spain posted a more moderate upturn (+3.3%), and Germany (-4.2%), France (-5.7%) and Italy (-7.1%) saw their demand for new cars decline. Overall, the EU market recorded a total of 11,850, 905 new cars, or 1.7% less than in 2012.

Irish sales fell 6.6% while sales in Portugal rose 11.1%

PSA Peugeot Citroën, the French manufacturer, continued its decline, with sales dropping 8.4%. However, Renault reported a 4.4% rise in sales.

Italy's Fiat, which recently acquired full control of US number three carmaker Chrysler, suffered a 7.1% fall.

The 12-brand Volkswagen (VW) of Germany, including Audi and Porsche, reported global sales last year, excluding the MAN and Scania heavy truck brands, rose 4.8% to 9.5m vehicles despite a sales rise in Western Europe ex-Germany of only 0.1% and a decline in the home market of 1.4%. 2013 deliveries in China, the world's biggest car market, announced last week, rose 16% to 3.27m vehicles, exceeding those of Detroit-based General Motors (GM), whose sales climbed 11% to 3.16m units in China.

China sold 18m cars last year, up 16%, to remain the industry’s top market, selling 10 times as many cars as in India, where economic woes have dented its once-vaunted car market.

Country and brand data [pdf]

Check out our subscription service, Finfacts Premium , at a low annual charge of €25

Related Articles
Related Articles

© Copyright 2011 by Finfacts.com

Top of Page

EU Economy
Latest Headlines
Spain's strong recovery to slow in the next few years
Italy's Mezzogiorno is Achilles' heel of Euro Area - lowest birth rate since 1862
Euro Area GDP grows at weak 0.3% in Q2 2015
German GDP up 0.4% in Q2 2015; France's GDP stagnates
Germany's Surplus: Lots of critics; Credible solutions scarce
Euro Area industrial production dips in June and May after a flat April
Greece faces two years of recession according to EU officials
High EU youth unemployment rate not as bad as it seems
Eurozone retail PMI surges to highest since January 2011
ECB monetary policy still tight for Southern Europe
German exports fell in June — surplus at record; Exports up 13.7% year-on-year
Eurozone manufacturing sector continued to expand in July
Weak euro unlikely to have significant impact on Euro Area growth
Is Euro Area Ireland's top trading partner?: EU28 is overwhelmingly UK's
German car firms boost exports from Spain, UK, Portugal, Czech Republic, Slovakia, Hungary and Romania
Flash Eurozone manufacturing/ services PMI close to four-year high despite Greek crisis
Krugman calls euro a Roach Motel; Hotel California gets 1-star grade
Greece & Euro Crisis: July 2015 articles from Finfacts
Greece and other poor countries in Euro Area will not become rich
Euro Area manufacturing/ services PMI hits four-year high in June
Western European car market: Recovery continues
Greece could become a failed state like Venezuela
Multinational companies pay on average 30% less tax than domestic competitors in EU
EU's list of 30 tax havens omits the biggest 4 in Europe
China to invest in Juncker's European investment fund
Greek talks collapse; Game theorists gambling with future — Germany's vice-chancellor
German exports and industrial production in strong rises in April
Tackling Inequality: Scandinavian countries have the most successful welfare systems in Europe
Eurozone unemployment fell by 130,000 in April 2015 — down 849,000 in 12 months
Eurozone service sector business activity slowed during May
German 2015 GDP forecast cut; Jobless level at 24-year low
Eurozone manufacturing in modest acceleration in May
FDI into Europe at record in 2014; UK on top: Germany location for future investment
Eurozone economy loses growth momentum; Jobs growth rises
Athens leak suggests Juncker has plan for Greece
Draghi will not end QE early but warns of risks
Eurozone grows faster than US and UK in Q1 2015
German GDP at slower pace, France faster in Q1 2015
Germany may cut income tax; Germans still shun risky investments
Germany had record exports and imports in March 2015