EU Automotive Market Up 4.5% In H1

The European automotive market increased 4.5 percent to 9 million 724 thousand 829 units in the first half this year compared to the same period last year

The European automotive market expanded 4.5 percent to 9 million 724 thousand 829 units in H12017 over the same period previous year, according to the European Automotive Market Evaluation report prepared by the Turkish Automotive Distributors Association (ODD) using data of ACEA – European Automobile Manufacturers Association.

According to the automotive market including EU (28) and EFTA countries, the market realized as 9 million 724 thousand 829 units growing 4.5 percent in H12017. The sales increased mostly in Romania with 21.8 percent, Croatia with 21.6 percent and Bulgaria with 19 percent. As for the markets where sales decreased most are Ireland with 10.7 percent, the UK with 1.5 percent and Latvia with 1.2 percent.

In this period, the Turkish domestic market decreased 8.96 percent and ranked 6th in the European automotive sales.

In June 2017, The European automotive market increased 2.2 percent to 1 million 777 thousand 625 units year on year. In this period, the markets which boosted their sales most were Estonia with 34.6 percent, Romania with 32 percent and Bulgaria with 30.6 percent. As for Ireland the sales decreased 16.5%, 14.9% in Latvia and 3.8% both in the UK and Germany respectively.

In January-June 2017, the Turkish light commercial vehicle market decreased 5.08% and ranked 5th in the European light commercial vehicle market.

The light commercial vehicle market surged 4.7 percent to 1 million 49 thousand 474 units in the European market in H12017. The markets which boosted their sales most were Iceland, Slovenia and Estonia in the first half. In June 2017, the light commercial vehicle market increased 3.3 percent to 199 thousand 779 units in the EU market; the most plunge experienced in Ireland, Luxembourg and Hungary respectively.

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