Finland, a country of forests and lakes and one of most advanced in social care and respect for human rights. It is a Member of European Community since 1995 and adopted euro currency in 2001. The 5.3 million Finnish are among the healthy and richest in the world (pro capita income of $ 38.300 in 2011). The country excels in high tech, telecommunication engineering and electronics with Exports accounting over 30% of GDP. For this reason the global economic crisis in 2008 hit severely the country with the GDP dropped in 2009 by 8.4%. The recover was not immediate, with GDP up by 3.7 in 2010 and 2.7 in 2011. However the current challenge is to avoid to be involved again by European recession winds. The Public debt is growing (49% of GDP in 2011) and it is expected to further grow in the next 3 years. Unemployment at 7.8 (2011) is below EU average.
November 2013 had broken a streak of 7 year-on-year growth for the Finnish car market, with sales down in the month and year-to-date. Volkswagen overtook Toyota and was back market leader, but with only 28 units of advantage one month before the end of annual race.
October 2013 was quite positive for the Finnish car market as sales grew 9.8% in the seventh year on year increase in a row. Toyota was protagonist of a tremendous sales performance keeping the market leadership in the month and year to date.
In September 2013, the Finnish car market kept the steady trend posting a little 1.8% improvement from last year, with year to date sales still down 9.2%. In the fight for leadership, Volkswagen was back in pole position ahead of Toyota.
In August 2013, the Finnish car market kept the positive trend growing 1.4% from last year and further recovering in the year-to-date sales, now down only 10.4% from 2012. Thanks to strong Auris sales, Toyota was market leader ahead of Volkswagen.
In June 2013, the Finnish car market kept the new positive trend growing 12.5% from last year and further recovering in the year-to-date sales, now down only 15.7% from 2012. While Volkswagen kept market leadership, Skoda posted the Octavia on top of model rank.
The car market in Finland confirmed the recovery in May, advancing 36.9% and reducing the cumulated 2013 loss at 19.8%. Volkswagen outpaced again Toyota for the leadership, while Nissan was the winner of the month.
Due to distortions on 2011 market trend, comparison with last year continues to show strong changes and in April was up 139%. However, year-to-date the market was down 28.0%. Toyota was able to defend the market leadership in spite of Volkswagen recover.
Following the March 2012 boom anticipating car taxes raise, in the last 12 months the Finnish car market was always negative, with a peak posted in March 2013, when sales sunk 58.6%. First quarter sales declined 42.2%. Toyota was back on top of the market.
In February, the Finnish car sales maintained the negative momentum dropping 26.4% drop from last year. While Volkswagen Golf kept the leadership outpacing the Nissan Qasquai, new Toyota Auris jumped in third place with strong progress.
January was particularly negative for the Finnish car market, with a 28.8% drop from last year. The start of the year was steep for the market leader Volkswagen, which lost volume and share. Volvo & Mercedes had lost share as well, while BMW & Kia were hot!
Following two consecutive growing years, the 2012 was almost negative for the Finnish car market, which had lost 11.9% from the previous year. In December the market confirmed the negative trend losing 6.9%. Volkswagen was market leader with 13.6% of share.
In November, the car market in Finland continued its negative momentum falling 15% from last year and posting the 8th negative year-on-year performance in a string. Year-to-date sales were down 12.2%. Volkswagen further improved its leaderhip.
The car market in Finland posted in October the 7th negative YoY performance in a string, with 8.075 sales, down 19.7% from last year. Year-to-date sales were 96.932, down 11.9%. Toyota recovered after the September slip, outpacing Volkswagen.
The car market in Finland posted in September the 6th year-on-year drop in a string, with 7.994 sales, down 20.9% from last year. Year-to-date September sales were 88.857, down 11.2%. Thanks to the Avensis drop, Qasquai was new market leader.