ExpertEye European Automotive Report Q3 2016 | Page 21
Top 10 Makes
are expected to slow down but 2016 growth is still on target to stay above 16.5%. But next year we
3 Month
expect only low double digit growth of around 12% which means Italy should remain just behind
RV%
Change
France as Europe’s fourth largest car market. Commercial vehicle sales have remained strong and
MARKET AVERAGE
37.1
+0.5%
shot up 47.9% In October and should end 2016 40% above 2015 levels. Like cars this is expected to
LAND ROVER
45.3
+0.6%
AUDI
42.9
-1.1%
M INI
42.3
-1.0%
JAGUAR
42.3
+1.0%
BM W
41.1
+0.2%
fall back next year to a low double digit growth.
RVs have been rising strongly and steadily over the last 24 months making Italy one of the last
European markets to recover from the downturn in RVs caused by the original economic crisis. We
JEEP
41.1
+0.3%
believe there may be room for a modest 0.5% to 1% rise over the next twelve months but this is
ALFA ROM EO
39.9
+1.4%
highly dependent on the results of the referendum and any potential subsequent general election.
VOLKSWAGEN
39.3
-0.1%
M ASERATI
39.2
+0.0%
HONDA
39.0
+0.1%
Whilst it may seem counterintuitive we suspect a political upset could cause values to rise as a
result of nationalistic pride which could result in a circa 2.5-3% rise in values but this clearly
Top 10 Segments
carries some risks. But the threat of a fall now seems less likely than previously thought and at
worst any drop would be limited to a percent or two.
Like the rest of Europe Italians love SUVs and with the F Pace now launched Jaguar has seen
3 Month
RV%
Change
MARKET AVERAGE
37.1
+0.5%
further strong growth in RVs closing the gap to Mini and Audi and putting it closer to it’s table
J3 Premium SUV
42.8
+0.0%
topping stable mate Land Rover. Alfa Romeo has continued its domestic resurgence following a
C2 M edium Premium
42.1
-1.0%
J2 Compact SUV
41.7
-0.1%
J1 Small SUV
40.6
+0.2%
D2 Large Premium
40.5
+0.0%
J4 Luxury SUV
40.2
+0.4%
C1 M edium
39.5
+0.3%
M 2 Large M PV
38.8
+0.4%
E1 Executive
38.5
+1.0%
M 1 Small M PV
38.4
+0.7%
7.9% increase last quarter with a 1.4% rise this quarter moving it up to seventh place.
With medium premium models ageing they have slipped a little this quarter enabling the premium
SUVs to grab the top spot but that aside the rest of the segments retain the status quo.
Source: ExpertEye AG
European Automotive Report - 2016 Quarter 3
20