Country Overview Austria GDP pro capita in 2011 was $41.700, the 17th globally and the 6th excluding very small countries. This data could be enough to explain how this is a prosperous and democratic country, Member of EU Economic and Monetary Union since 1999, where citizens standard of living are really high. Looking at car industry, in the 2011, Austria was ranked as world’s 27th market with a total light passenger industry of 388.676 units.View items...
Country Overview Belgium GDP pro capita in 2011 was $37.600, the 29th globally and the 17th excluding very small countries, with a population of 10.5 million people. Belgium is a founding member of the European Union and hosts the EU's headquarters, in Brusselles. Over the years it has capitalized on its central geographic location in Europe, highly developing transport network and diversified industrial and commercial activities. In the 2011, with light passenger registrations of 633.000, Belgium was the 23rd global market.View items...
Porsche, Audi, Mercedes, BMW, Volkswagen, Opel (controlled by GM) have created the myth of German auto industry, a benchmark for style, quality, prestige, luxury.
The automotive industry continues to have a key relevance in the German economy accounting for over 19% of National Manufacturing output, with an export surplus exceeding € 85 billion. Some 1.4 million people work in upstream and downstream businesses that are dependent on the automotive sector.
While German OEMs have conquest the world opening plant in all continents, the national production had been safeguarded and actually over 6 millions vehicles are produced in the country, which is the world's 4th automotive producer.
The domestic market in 2011 was close to 3.4 millions (including 233.000 LCVs) and was the world’s 5th market.
The development of this country is a brilliant sample of human cleverness, considering 25% of Netherlands territory is below sea level. Citizens are 16.7 millions, with an urbanization rate of 83%. The country is a founding member of the European Community and one of the most developed in the world. The light passenger vehicle industry in 2011 registered 617.336 units and was the world’s 20th. With only 94.000 vehicles produces in 2010, Netherlands was the 36th globally.
Spain is the 14th global economy with over $ 1.411 trillion GDP (purchasing power parity) in 2011. The country joined the European Community in 1986 and is in Euro currency area since 2002. The per capita income of $ 30.600 (2011) is still below EU average ($34.000).
The 2008 financial crisis interrupted 15 years of above average GDP growth and started a period of economic difficulties not yet ended. The GDP felt by 3.7% in 2009, and 0.1% in 2010. In 2011 was slightly positive (+0.8%), while in 2012 it is expected negative again. Level of unemployment boosted at 20.8 and National Budget deficit in 2011 was 6.5% of GDP, with a Public Debt growing at 68.2.
Automotive Industry Overview
Although the domestic Brand – Seat - was incorporated in Volkswagen Group, automotive industry has been used by Spain as locomotive of economic development. Car production achieved a record volume in the 2000, surpassing 3 millions vehicles in a year, when the country was the base to export in Europe for many OEMs (Volkswagen, Renault, PSA, Nissan, Honda, Ford, and Opel). In recent years production felt and in 2011 was 2.352.000 the 2nd in Europe and the world's 9th.
Spanish domestic light passenger vehicle industry in 2011 registered 912.000 units, the 15th globally.View items...
France is the 10th global economy with over $ 2.214 trillion GDP (purchasing power parity) in 2011. It is Founder Member of European Community. The per capita income of $ 35.000 (2011) is above EU average ($34.000) and is one of the highest in the world (35th). France population of 65 million people welcomes any year more than 75 million foreign tourists. Indeed France is the most visited country in the world.
Nowadays the country is facing a difficult economic situation, with a GDP positive in 2011 (+1.7%) thanks to high Government Budget deficit (5.8% in 2011) policy that increased the Public Debt ratio on GDP from 68% in 2008 to 85% in 2011. Unemployment ratio at 9.1 (2011) is still high and the austerity measures recently taken to reform pension system, eliminate tax credits and freeze most government spending can be not enough to achieve the Euro Area target of Budget deficit under the 3% by 2013.
The Automotive Industry born in France. In 1769, Nicolas J. Cugnot invented the first self-propelled vehicle – a steam driven contraption - called “a fardier à vapeur”. And century later, Monsier Etienne Lenoir was the first to develop an internal combustion engine. The creation in 1894 of De Dion-Bouton et Cie laid the foundation of the French auto industry. In France it was issued the first automobile license plates in 1893. The automotive sector had always been a key driver of the French economy, with a Production record achieved in 2004 at 3.666.000 car produced. However globalization effects are reducing France relevance and in 2011 the production was at 2 million, 3rd in Europe and 11th globally. PSA and Renault Groups produced in France only the 31.1% of their global 6.4 million vehicles.
Country Overview with 45 million people and a density of 76/km2. Ukraine has an average income of $ 6.762 in the 2010 (Russia was at $ 15.633) and the economy suffered in the 2008 crisis more than Russia. The 2010 GDP at $ 305 billion was 11.2 pct. lower than 2008.
The automotive sector was dramatically hit by the crisis. The light passenger industry in 2008 had achieved its record at 610.200 registrations and in 2009 dropped by an unbelievable 72 pct. at 175.200, a volume lower than 2003. In the 2010 the market was stable (full year at 170.000).View items...
Russia is the largest country in the World with 17.100.000 square km and 138 million people. Following the 1989 disgragation of USSR, the country had fast developed its economy leveraging on vaste natural sources. Today 2011 Russia is the world's larger oil producer and the second in natural gas.
According to the World Bank the government's anti-crisis package in 2008-09 amounted to roughly 6.7% of GDP. The economic decline bottomed out in mid-2009 and the economy began to grow in the third quarter of 2009. High oil prices buoyed Russian growth in 2011-12 and helped Russia reduce the budget deficit inherited from 2008-09. Russia has reduced unemployment to a record low and has lowered inflation below double digit rates. Russia joined the World Trade Organization in 2012, which will reduce trade barriers and help open foreign markets for Russian goods. At the same time, Russia has sought to cement economic ties with countries in the former Soviet space through a Customs Union with Belarus and Kazakhstan, and, in the next several years, through a new Russia-led economic bloc called the Eurasian Union.View items...
Poland is an ancient country, born again in the 1990. A progressive liberalization pursued in the economic policy created one of strongest economy in East Europe, the only able to avoid recession during 2008 global financial crisis (2009 GDP at 1.9). Joining EU in 2004 gave access to EU structural funds with a fast development of industrial and service economy, with GDP growing at 3.8 in 2010 and 2011, well ahead of EU average.
However Unemployment rate at 12 and inflation rate at 4.0 remain higher than EU average. Future development have to face limits in the infrastructure network, not yet adequate to a country positioned in the core of new economy pathway, between Berlin and Moscow.
The 9 millions Swedish are living with an average pro capite income of $ 40.600, one of the world's highest. Together with the others Scandinavian countries, Sweden is considered a global benchmark as democracy and sustainable economic growth. The country was hit by 2008 global financial crisis with a GDP drop of 5.3%, but the reaction was very fast (+ 5.7 and 4.4 respectively in 2010 and 2011).
In the past, automotive sector was really important for the country, but today Saab is under bankrupt, while Volvo is owner by Chinese Geely after a difficult period under Ford Group umbrella. Car production in Sweden is declining and in 2011 only 189.000 light vehicles were produced here.
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.View items...
2.500 years later, the small and beautiful country of Greece is back in the center of the world. In ancient times the reason was the born of such advanced civilization able to influence our live 2,5 millennium later. Today the great attention around Greece is generated by the harsh financial and economic crisis.
Greece economy grew during the last twenty years driven by two sectors: tourism, accounting for 15% of GDP and the public sector, accounting for 40%. The country joined European Community in 1982 and the euro currency in 2001. In the last years, Greece was the European country which received major support by EU development plans. The 2004 Olympic Games organization boosted GDP as Public Deficit, but the 2008 global financial crisis and the lost of international credibility due to incorrect national budget reporting, started a negative circuit, where austerity programs are increasing deficit, unemployment (17% in 2011), national debts (in 2011 at 165% of GDP the world's 4th ). Actually the country is supported by international Institution under the agreement of a strong economic restructuring that's creating heavy social turbulences. The average pro capita GDP declined from $ 30.400 in 2009 to $ 27.600 in 2011 and continue to fall.View items...
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.View items...
Norway stands along a vast cold territory, covered by mountains for about two-thirds and with some 50.000 islands off its much-indented coastline, one of most rugged and longest in the world. The country is rich of natural resources, fish, petroleum, hydropower, minerals and forests. It is the world's second gas exporter and 7th largest oil exporter. Norway is not a Member of European Community, but is deeply economically length with all the European countries. The country economy is correlated to the global economic trends due to high impact of energy sector exports over GDP. However, during recent crisis, the economy slowed the growth but the government budget remained in surplus. The impressive Pro capita income is stable at $ 53.300 (p.p.p.), the world's 1st among countries with more than 1 million citizens.View items...
The Czech Republic is a small prosperous country in the middle of Europe, EC member since 2004 with intensive economic relations inside Europe, especially with Germany. The economy is driven by large export activity in many sectors. The 2008 global financial crisis hit the export sector and national GDP declined 4.7% in 2009. In 2010 and 2011 it has slowly recovered by respectively 2.3% and 1.9%. The pro capita GDP in 2011 was $ 25.900, $5.000 below EU zone average. A low inflation rate (1.9% in 2011) allows at the Central Bank to maintain low interest rates in order to stimulate the internal demand. However the European recession environment will generate constraints for months.
The Automotive industry
The automotive industry is the largest industrial sector of the country, accounting for 24% of manufacturing GDP. In the last 10 years the production grew considerably, thanks to the export quota of more than 80%. In 2011 car produced were 1.1 million and the country was the world's 16th car producer.
The national Brand, Skoda, has over 100 years of history. Now it is part of Volkswagen group. However in the country cars are produced also by TPCA, a joint venture between PSA and Toyota and by Hyundai, that built a plant in Nosovice with a yearly production capability exceeding 300.000 cars and over 3.500 people employed.
The Czech Republic is also characterized by a strong automotive suppliers sector. According to the national investment agency (CzechInvest), more than half of the largest global automotive suppliers have operations in the country. This large portfolio of suppliers gives access to an almost complete local supply chain, providing significant cost advantages. The country's skilled industrial labor force, together with its proximity to Germany and other Western European markets, secured by a stable political and economic environment, is turning the Czech Republic into a new pole of the European car industry.
The Republic of Slovenia was established in 1991 as former Yugoslavia broken up. The country has experienced one of the most stable political and economic transitions in Central and Southeastern Europe With the highest per capita GDP in Central Europe (US $ 29.000 in the 2011), Slovenia has excellent infrastructure, a well-educated work force, and a strategic location between the Balkans and Western Europe. Slovenia joined EU in 2004 and euro currency zone in 2007.
The 2009 world recession hit the country, with GDP falling 8% and unemployment rising. The lack-ness of strong economic reforms, necessary to open increase competition and reduce the labor cost is penalizing the country and the GDP, after a small 1.4% recovery in the 2010, declined 0.2% in 2011 and could be negative in the 2012. Furthermore, the unemployment rate continued to rise (over 12%) and budget deficit is increasing (42% of GDP in 2011, 8.4 points up from previous year).View items...
Romania is a European Union member since 1 January 2007, after a period of strong economic growth, based on strong EU demand As a result of the global financial crisis, Romanian GDP fell 6.6% in 2009, prompting the country to seek a $26 billion emergency assistance package from the IMF, the EU, and other international lenders. Drastic austerity measures, as part of Romania's IMF-led agreement, led to a 1.3% GDP contraction in 2010. The economy returned to positive growth in 2011 due to a strong export performance, but in a deflationary environment caused by bountiful crops and weak domestic demand. In March 2011, Romania and the IMF/EC/World Bank signed a 24-month precautionary stand-by agreement, worth $4.9 billion, to promote compliance with fiscal targets, progress on structural reforms, and financial sector stability. The Romanian authorities have announced that they do not intend to draw funds from the facility. The current pro capita revenue at $ 12.600 is among the lowest in EU in spite of unemployment at 5% are the half of EU average.
The local car producer, Dacia, owned by Renault since 1999, is the main exporter from Romania with 10% of total exports. The local light vehicles production in the 2011 was the all-time record, with 335.000 units. Dacia and its models (many are distributed under Renault name outside of Europe) have a growing success in the low cost segment.View items...
Slovakia is a small country in the center of Europe, born on January 1st 1993, when the Slovaks and the Czechs agreed to separate peacefully. Covering a territory of 49.000 square kilometers is the 131th in the world, while as population, with its 5.5 million people, it is ranking 113th . Slovakia joined both NATO and the EU in the spring of 2004 and the euro area on 1 January 2009.
In the period 2001-2008, the Slovakia's economic growth was among the highest in Europe, fueled by strong foreign direct investment, especially in the automotive and electronic sectors, cheap and skilled labor, low taxes (19% flat tax for corporations and individuals and taxes on dividend), a relatively liberal labor code and a favorable geographical location. In 2009 the economy contracted 5% before rebounding 4% in 2010 and 3.3% in 2011. The pro capita GDP was at US $ 23.600 (2011) and the unemployment rate at 13.5% (2011).View items...
Denmark has evolved into a modern, prosperous nation that is participating in the general political and economic integration of Europe However, in spite of it was one of first to join the EU (in 1973), the country has opted out of certain elements of the European Union's Maastricht Treaty, including the European Economic and Monetary Union (EMU).
Danes are 5.5 million people in a territory of 43.000 square kilometers (the world's 134th as territory extension), living in a modern market economy features a high-tech agricultural sector, state-of-the-art industry with world-leading firms in pharmaceuticals, maritime shipping and renewable energy, and a high dependence on foreign trade.
Denmark's economy began slowing in 2007 with the end of a housing boom. Housing prices dropped markedly in 2008-09 and, following a short respite in 2010, continued to decline in 2011 though at a slower pace. The global financial crisis has exacerbated this cyclical slowdown through increased borrowing costs and lower export demand, consumer confidence, and investment. The global financial crises cut Danish real GDP by 0.8% in 2008 and 5.8% in 2009 followed by a modest recovery in 2010 and 2011. However, Denmark maintained a healthy budget surplus for many years up to 2008. The pro capita revenue at US$ 37.600 (2011) is among the top in EU while the unemployment rate at 6% (2011) is among the lowest.View items...
Ireland is an island inside Europe not only geographically, but also economically with regards of EU and Euro area. Indeed, the country was able to take in full the opportunity to create an advanced financial and fiscal paradise inside Europe, with the GDP growth in 1995-2007 at 6% in average.
The world financial crisis hit the country with GDP falling 3% in 2008, 7% in 2009, and 1% in 2010 with collapse (around 50%) of domestic property and construction markets. In 2011, Ireland achieved moderate growth and cut the budget deficit to 10% of GDP while the public debt/GDP ratio grew at 105%, the world's 12th. In spite of the pro capita income remained among the highest in Europe, above US $ 40.000, the unemployment index grew at 14%.View items...
The republic of Croatia was established in 1991 as former Yugoslavia was split and only in the 1995 the new State was freedom from the war against Serbia. In April 2009, Croatia joined NATO and in January 2012 ratified the EU Accession Treaty with a target to join EU in July 2013. Current population counts over 4.5 million people with pro-capita revenue of US $ 18.400 (2011).
At the depressed economy left by former socialist Yugoslavia, the war further reduced income and richness of the new State, which in mid nineties' was weak in terms of infrastructures and low attractive for international investments. In its first years of life the new republic struggled to find a development trend while a robust GDP growth was in place between 2000 and 2007, with steady GDP growth between 4% and 6% led by a rebound in tourism and credit-driven consumer spending.
The 2008 global economic crisis found the country still weak and GDP fell 6% in 2009 and was not able to recover so far, with GDP down 1.2% in 2010 and flat in 2011. Inflation remains low (2.1% in 2011) as the public debt/GDP ratio is under control (in 2011 at 43.9%), while unemployment rate at 17% is a clear indicator of lack-ness of strong drivers for the economy.View items...
Belarus covers a large territory of 207.000 square kilometers in the middle-east of Europe. It's an independent State since 1991, formally organized as Republic while the power is heavily concentrated on the oligarchy surrounding the country president, elected in the 1994 and still dominating the country. Economically heavily dependent from Russia, Belarus has been banned by European Community for not respect of individual freedom and human rights and suffers EU economic restrictions.
The post USSR regime did not allow at the country to emerge from the inefficient industrial and agricultural soviet organization. About 80% of all industry remains in state hands, and foreign investment has been hindered by a climate hostile to business. A few banks, which had been privatized after independence, were renationalized. State banks account for 75% of the banking sector.
Official economic data looks not reliable, such as a 1% of unemployment index or a pro capita income of US$ 15.000 (should be lower). Real is the strong depreciation of local currency. Local rubles had been depreciated by the half over the US dollar, in the last two years.View items...
The Serbia republic is trying to emerge after over 20 years of wars, internal conflicts and international isolation due to heavy infraction to civil rights. The independence of Kosovo regions still is an open issue while in recent years, wishing to improve the economy, the government operated to improve international relations, signing a Stabilization and Association Agreement with Brussels in May 2008, and with full implementation of the Interim Trade Agreement with the European Community in February 2010, followed by the recent candidate status request.
Serbia is also pursuing membership in the World Trade Organization, and accession negotiations are at an advanced stage. Structural economic reforms needed to ensure the country's long-term prosperity have largely stalled since the onset of the global financial crisis.
However, Serbia is slowly recovering from the crisis with the GDP flat in the period 2009-2011. The country is facing high unemployment and stagnant household, high government expenditures for salaries, pensions and unemployment benefits, a growing need for new government borrowing and rising public and private foreign debt.View items...
Bulgaria is a Balkans country with 7 million people which started a democratic progress only recently, after that in 1990 communist domination ended. It joined NATO in 2004 and EU in 2007. Following a fast annual economic growth scored in 2004-2008, the national GDP contracted 5.5% in 2009, struggling on recovering in the following years, with GDP flat in 2010 and up only 2.2% in 2011. The internal demand is remaining low and the economic growth is depressed by weak export activity, high corruption and high unemployment.View items...
The Republic of Iceland is a large island in the North Atlantic Ocean. The economy depends heavily on the fishing industry, which provides 40% of export earnings, more than 12% of GDP, and employs 7% of the work force. It remains sensitive to declining fish stocks as well as to fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, particularly within the fields of software production, biotechnology, and tourism. Abundant geothermal and hydropower sources have attracted substantial foreign investment in the aluminum sector, boosted economic growth, and sparked some interest from high-tech firms looking to establish data centers using cheap green energy, although the financial crisis has put several investment projects on hold.
Much of Iceland's economic growth in the last twenty years derived by the rapid expansion of the country's financial sector. Domestic banks expanded aggressively in foreign markets, and consumers and businesses borrowed heavily in foreign currencies, following the privatization of the banking sector in the early 2000s. Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income. Worsening global financial conditions throughout 2008 resulted in a sharp depreciation of the krona. The foreign exposure of Icelandic banks, whose loans and other assets totaled more than 10 times the country's GDP, became unsustainable. Iceland's three largest banks collapsed in late 2008. The country secured over $10 billion in loans from the IMF and other countries to stabilize its currency and financial sector, and to back government guarantees for foreign deposits in Icelandic banks. GDP fell 6.8% in 2009 and 4.0% in the 2010, recovering only 2.4% in 2011 and 2012.
The ancient state of Hungary is struggling to resurge after the 1990 pacific revolution which allow at the 10 million Hungarian to find back freedom after the communist dictatorship. Hungary joined NATO in 1999 and EU in 2004. Last 20 years economic development was widely fueled by private and foreign investments with a government open approach to the market. However, in 2009 the GDP was severely hit by crisis dropping 6.9% and the slow recovery was based on strong export, especially to Germany, with still low internal demand. The country required help to international financial institution obtaining loans by EU and IMF, which required thought economic measured to reduce the public deficit in excess. The ongoing economic weakness is maintaining the economy depressed with high unemployment rate and low internal demand. The country suffers an inflation rate around 4%, double compared with the rest of EU zone.
In April, sales statistics confirmed that the car market in Poland is resisting from downturn pressure received by negative economic. The market was flat from April 2012. While top of ranking brands had lost share, Renault, Mercedes and Honda grew up.
April gave a bit hope at the automotive sector in Croatia, breaking over one years of decline. However year-to-date sales volume was more than one third lower than in the previous year. Volkswagen, Citroen and Audi posted remarkable performance.
U.K. Car Market continued the strong growth from March into April with an increase of nearly 15% over April 2012. Year-to-date April sales were up 8.9%, the year-on-year increase in Europe. Audi was up to 4th position, while Fiat 500 advanced in 8th place.
Breaking one year of losses, in April the Romanian car market was finally positive surging 21.7% from last year. However, year-to-date sales wert down 9.8%. Pushed by strong sales on Focus and Fiesta, Ford significantly improved its share.
Seat boomed sales in April keeping back the market leadership lost in early 2012. It was too early to correlate this fact with Mr. Muir replacement as company CEO, but not to boost Spanish car sales by 10%, second positive month out of last fifteen.
April 2013 confirmed the new trend for the Portuguese car market, now stabilized after years of decline. April sales fell 4.4%, but year-to-date they were up 0.8% from last year. Volkswagen outpaced again Renault for the market leadership.
French car sales slipped 5.3% in April, slowing their year-on year decline compared to March when the fall reached 16.4%. Year-to-date sales were down 12.3%. In spite of Captur success, Renault has lost share from Q1. Strong performance for Audi and Dacia.
Involved in the European economic recession, the Czech car market fell again in April, when sales dropped 9.4% from the previous year. The data was a bit better than the previous quarter. Skoda recovered the 30% of market share, while Fiat tumbled down at 1.2%.
Following a series of 5 declining month, in April the domestic car market in Germany was back up, for a modest 3.8%, driven by an additional selling day compared with last year. Year-to-date sales slipped 8.5%. All Japanese had lost share.
In April new car sales in Italy were down again by 9.3%, but SAAR had shown a significant increase from the previous month. Following 60 days of discussions, a large political coalition created a Government, born focusing on economic recovery. The first step in a new era?
Recovering from a negative March performance, the Norwegian car market boomed 28.6% in April 2013 with year-to-date sales again positive, by 4.4%. Nissan Leaf further advanced in the model ranking, being second behind the unachievable Golf.
In April, the car market in Sweden was slightly positive breaking the negative row. However, YTD April 2013 sales were down 12.1% from last year. Volkswagen reduced the gap from Volvo, pushed up by Passat and Golf sales.
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 a weak start of the year, Bulgarian car market is recovering and in March was positive by 7.9% from last year, ending the first quarter down only 6.4%. Kia Sportage soared in first among models while Toyota and Volkswagen were leader together.
Pushed by low interest rate and recovery of consumer's economic confidence index, the Turkish car market in March was up 6.0%, with first quarter sales up by 11.9%. Strong sales on Astra pushed up Opel performance, while Renault share fell.
Croatian car market ended an awful first quarter 2013. March sales were down 35.5% from last year with first three months collapsing 44.3% from 2012. Pushed by strong Insignia and Astra sales, Opel recovered the second place in the rank.
Less than 2.000 units registered in March 2013 to confirm a deep crisis for the car market in Serbia. Sales dropped 18.5%, posting the 13th year-on-year lost in a string. First quarter 2013 was down 20.5%. Fiat was back on top.
March 2013 had confirmed the negative momentum of the Czech Republic car market, as sales fell 19.0% from last year. First quarter ended down 16.3%. Hyundai broke the barrier of 10% of market share and overtook Volkswagen in second place.
Following a long series of negative month, in March the Romanian car market posted a very strong loss over year ago, declining 32.2%. First quarter 2013 sales were down 19.6%, one of the worst performances worldwide. Dacia share boomed at 28%.
In March 2013, the Netherlands car market posted a deep 32.1% drop with first quarter sales collapsed by 30.3% hit by economic recession. Behind Volkswagen, Opel soared in second place thanks to outstanding Corsa sales.
Austrian car market posted a heavy fall in March, down 18.1% with the first quarter 2013 dropped 9.8%. The arrival of economic recession closes any hope for short term recovery. In March, Opel jumped in 2nd place, pushed by strong Mokka sales.
Following the positive February, in March the Greek car market posted a second not negative month, performing flat from last year. However, first quarter sales dropped 15.3%. Opel underperformed and slipped in second overtaken by Fiat.
The Ukraine light passenger vehicles market has taken a negative trend, as confirmed by the March loss of 17.5% with the first quarter ended down a 17.7%. While Chinese Geely posted the best ever quarter, the Russian Lada did its worst.
Finally, two years later, the car market in Slovenia posted a year-on-year not negative performance, with March 2013 sales flat over the previous March. First quarter 2013 ended down 6.6%, with Volkswagen able to overtake Renault for the first 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.
Following three years of consecutive growth, in March 2013 the Russian market finally fell, losing a little 3.0% from year ago. However, First Quarter sales were up 1.0%. Lada dropped down 17% of market share while Mazda boomed share at 2.2%, while starting Mazda6 local production.
In March the European car market posted the 18th year-on-year decline losing 10.2% from last year. The first quarter ended down 9.7%. Only 5 countries out of 27 were year-on-year positive. The worst countries are now in central Europe.
In March 2013, the European car market negative momentum was confirmed by a 10.2% drop from last year, in line with expectations. Pushed by strong U.K. sales, Ford surged in second place followed by Opel. All French Makes struggled, penalized by weak domestic market.
In March 2013 the Irish car market recorded another year on year drop, this time 10.7% over March 2012. First quarter 2013 sales dropped 13.8%. Positive unit growth was recorded by Audi, Hyundai, Kia and Seat.
March 2013 for the German car market was not only the 5th year-on-year drop in a row, but the month with highest y.o.y. drop since 2009, losing 17.1% from year ago. First quarter 2013 sales dropped 12.9%. BMW performance pushed up by Series 1 demand.