Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, highly skilled labor force and per capita GDP among the highest in the world.
High technology manufacturing industry and high developed financial services are key economic drivers while political stability, advanced legal system, state of the art infrastructures and low corporate taxes allow Switzerland to be among world's most advanced economy. The country largely benefit from EU Trades agreements while continues to apply a certain level of trade protectionism in the agricultural sector.
The pro capite GDP in 2011 was $ 43.400, the 15th globally, with unemployment rate at 3.1, inflation rate at 0.4 and Central Bank discount rate at 0.5. Public debt is 52.4% of GDP with 2011 Budget closed in surplus.
Protected by a specific local laws, car vehicles price are higher than in EU but import is low. In 2011 light passengers industry registered 347.779 vehicles, the world's 30th.
October 2013 was stable for the car market in Switzerland with year to date sales still down by 7.0%. However, the market was waked up by great performance of Skoda Octavia, able to put Golf down from leadership and New Peugeot 308, just launched and already fifth.
September had shown a little 6.9% recovery for the car market in Switzerland with year to date sales still down from last year by 7.8%. The market leader, Volkswagen, this month roared thanks to resurging Tiguan sales, while Skoda climbed in second place.
August was negative again for the car market in Switzerland, as sales fell 4.8% with year to date volume down 9.2% from 2012. On the podium three German brands, Volkswagen, Audi and BMW while Toyota and Hyundai landed in Top10.
First half 2013 ended with a deep loss for the car market in Switzerland, as June dropped 25.3%, following a long series of year-on-year losses. BMW kept second place reducing the gap with Audi in the year-to-date race.
Posting the 9th year-on-year drop in a string, car market was negative in May again, with a loss of 7.4% from last year. Now, cumulated loss is 7.3%. Impressive, in negative, the Renault decline. Following months of decline in May the French' make was out of top ten.
Following the double digit decline posted in the previous month, in April the car market in Switzerland slipped only 1.6% from last year. Year-to-date sales were down 7.2%. While the Skoda Octavia kept the market leadership the BMW series 3 climbed in 2nd place.
The car market in Switzerland was negative again in March, posting the 8th consecutive year-on-year decline, losing 12.1% from last year. The first quarter 2013 was archived with a loss of 9.3%. In March, Volkswagen struggled again while Ford posted a great month.
February 2013 confirmed the negative momentum of the car market in Switzerland posting a decline of 4.6%. Year-to-date sales were down 7.4%. While Volkswagen recovered share, Skoda grew above 8%, pushed by strong demand on Octavia.
Following the all-time record posted in the 2012, the new year started with a market loss of 10.1% from the previous year. After the phenomenal performance posted in December, Volkswagen dropped back on the earth at a "normal" 10% of share.
In the 2012, the Switzerland car market posted the second consecutive all-time record in a row, growing 2.9% from last. In December the market was down 4.5% with Volkswagen posting a phenomenal performance with share at 20%
The car market was down again in November in Switzerland, reducing the year-to-date gain at only 3.7%. BMW was strong. Climbing in 2nd place with a share of 6.9%, while Audi was weaker than before, with a share declined at 6.6%
In October, the Switzerland car market posted a recovery after the severe 20% September drop and fell only 1.6% from last year. However, year-to-date sales were up 4.8% in line to hit the all-time record. The Skoda Octavia confirmed the leadership.
In September the car market heavily dropped in Switzerland with only 21.166 sales, down 20.1% from previous year. Year-to-date sales were 245.515, up 5.5% from last year. BMW surged in 2nd place with 1.480 sales, driven by an outstanding X3 sales month.
July was negative also for the strong Swiss car market with sales at 24.998 units, down 3.2% from previous year. However, the year to date sales in July were 202.270, up 9.8% from last year. While Audi reinforced its 2nd position, Skoda dropped in 7th.