ExpertEye European Automotive Report Q2 2016 | Page 7

EU28 & EFTA3 Monthly Car Sales Trends to June 2016

.

New car sales in Europe have now risen for 34 consecutive months and show little sign of changing course with sales for 2016 to June up
9.1%. The latest indications are that the EU28 will end 2016 with total car sales of 14.9 million units (15.4m including the EFTA3) which is
just 4.3% lower than the pre-crisis peak of 2007.

Whilst the rate of growth remains strong we are seeing some areas of weakness. The Netherlands has seen new car sales fall by 3.6% YTD as

the government continues to promote alternative fuels through tax incentives, whilst the strong Swiss Franc is still impacting new car sales
in Switzerland which are down 2.3% YTD thanks to grey imports.

The June 2016 36.7% decline in new car sales in Romania sounds dire but it should be remembered that June 2015 was particularly strong,
accounting for 11% of the total of 2015’s Romanian car sales. However, the UK is showing signs that the market is near to its peak with sales

dropping 0.8% in June and the expectations are for sales to be generally negative for the remainder of the year although the full year
Total EU28+EFTA3

1.60

17.5%

EU28 & EFTA3 Year on Year change

12.5%

1.40
1.20

7.5%

1.00

2.5%

0.80
0.60

(2.5%)

0.40

(7.5%)

May 16

Mar 16

Jan 16

Nov 15

Sep 15

Jul 15

May 15

Mar 15

Jan 15

Nov 14

Sep 14

Jul 14

May 14

Mar 14

Jan 14

Nov 13

Sep 13

Jul 13

May 13

Mar 13

0.20
0.00

YoY movement in monthly sales

1.80

Jan 13

EU28 & EFTA3 (Excl. Malta & Cyprus)
Total Passenger Car Sales

Millions

forecast is still 2.69 million which is 2.1% higher than the all-time record of 2015.

(12.5%)

Source: ACEA

European Automotive Report - 2016 Quarter 2

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