Finland car industry March 2012 sales peaked +82%. The last swan song!

Finland car market all-time record was achieved in the 2005 when 147.949 units were registered. However the market has been almost stable in those years around 140.000 level, before to drop in 2009 at 88.300, when Finalnd economy was hit by global financial crisis.

The market recover started in early 2010 and already in the 2011 volumes come back at 126.010, In January and February the market still growing before to be boosted in March by the purchase anticipation from whose wishing to avoid new fiscal imposition, effective in April.

In March cars registrations were 22.924 and the first quarter closed with 47.804 sales, up 34 pct. on previous year. However the growing story is over now that the Finnish Government have introduced a drastic daring changes in the new cars taxation, adopting a bonus/malus system, similar to the one applied in France since 2007.

From April 1st, all new vehicles with CO2 emission above 110gm/km have an extra tax (between 5 and 50%). For vehicles below the limit, taxes are reduced. Large vehicles and SUV will suffer a sharp price increase while ecologic small cars prices will decline. It is anticipated an increased taxation over second hand vehicle to limit their import. Now industry analysts and auto retailers are predicting a strong surge in demand for Electric Vehicles of all classes.

Focus2move forecast the impact of new eco-policy with a market drop for the next 8-10 months; Full year 2012 is foreseen around 120.000 or 4 pct. over last year.

During the first quarter 2011, Toyota was back in the market leader position, after having lost it during the 2011 for short supply. In first quarter, Toyota sold 6.593 units with a share of 13.8%, up 2.2 on full year 2011. Second was Volkswagen, leader last year, registering 5.300 units and a share of 11.1, down 2.5 on 2011. Ford is third, with 3.763 units and 7.9 share (0.6 down).

In the table below, the Top 20 brands ranking:

Rank

Brand

Jan

Feb

Mar

Q1

Share

1

Toyota

1.988

1.509

3.096

6.593

13,8%

2

Volkswagen

1.763

1.209

2.328

5.300

11,1%

3

Ford

1.170

816

1.777

3.763

7,9%

4

Skoda

1.061

865

1.723

3.649

7,6%

5

Volvo

1.068

576

1.502

3.146

6,6%

6

Audi

826

613

1.681

3.120

6,5%

7

Nissan

1.002

680

1.298

2.980

6,2%

8

Kia

696

620

1.090

2.406

5,0%

9

Mercedes

644

416

1.125

2.185

4,6%

10

Hyundai

514

392

798

1.704

3,6%

11

Opel

428

372

898

1.698

3,6%

12

BMW

469

339

790

1.598

3,3%

13

Citroen

340

264

756

1.360

2,8%

14

Honda

261

342

733

1.336

2,8%

15

Peugeot

370

231

568

1.169

2,4%

16

Mitsubishi

189

189

315

693

1,4%

17

Mazda

203

158

332

693

1,4%

18

Subaru

140

131

352

623

1,3%

19

Seat

165

178

273

616

1,3%

20

Renault

171

97

246

514

1,1%

 

Expectations over a market collapse during next months derive also from best selling models analysis. Only Toyota Yaris, the 4th in Q1 2012, has versions with CO2 emission below 110gm/km. In fact Finnish like middle size and SUV cars, as you can see from the Top 10 models ranking below:

Rank

Model

Q1 2012

FY 2011

FY 2010

Ranking 2011

Ranking 2010

1

Toyota Avensis

2.447

4.586

4.727

3

3

2

Skoda Octavia

2.199

5.937

5.505

1

2

3

Nissan Qashqai

2.147

4.390

4.222

4

4

4

Toyota Yaris

1.509

2.125

2.564

11

8

5

VW Golf

1.493

5.627

6.173

2

1

6

Ford Focus

1.397

3.877

2.974

6

7

7

VW Passat

1.041

3.952

2.158

5

13

8

Opel Astra

926

3.254

3.043

7

6

9

Audi A4

916

2.232

1.986

9

15

10

Volvo XC60

796

1.542

1.271

21

25

 

If you would like to download the attached PDF file you will see charts over:

1. Finland car industry 2001-2011

2. Finland car industry 2010-2012

3. Finland car industry trend since Jan ’10

4. Finland LCV industry 2008-2011

 

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