Croatian Auto market in October was back on the fast growing path – after the September break due to WLTP introduction effects. Sales were up 10% with annual speed near 20%, sustained by a florid economy and an almost positive outlook.
Croatian healthy economic activity seems to have held up in the third quarter, following a solid second-quarter expansion that was chiefly driven by external demand. The labor market continued to improve, reflected by the unemployment rate hitting all-time lows in July and again in August. Despite inflation firming up recently, robust gains in nominal wages have propped up real household incomes, likely contributing to the modest rise in annual retail sales growth in July.
Strong consumer spending, underpinned by further tightening of the job market and brisk real wage growth, should keep the economy growing at a solid rate next year.
Croatian vehicles market hit the all-time record volume in the 2008 outpacing the 100.000 units for the first and only time, before to be swept up by the crisis, with volume rolled down at 33.000 in the 2013. Then a new pathway was taken, recovering year after year. According to data released by the Croatian Minister of Transportation, in the 2017 the car passenger’s sales have been 50.769 (+18.3%).
In the 2018, the strong demand supported the market to maintain momentum. The car passenger’s ended the Q1 at 13.829 sales (+27.2%), the Q2 at 24.39 (+14.6%) and the Q3 at 11.870 (+26.9%). The deadline of September 1st for introduction of WLTP emission standard, moved up and down the registrations data in single Q3 months. In fact, sales were reported in July at 5.737 (+39.1%), in August at 3.200 (+31.5%) and finally September at 2.933 (+4.9%).
In October sales were 4.007 (+10.6%) with Year to Date figures at 54.079 (+19.8%).
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At brand-wise, two brands are fighting for the leadership with the last year leader, Volkswagen actually on top with 8.159 sales (+26.4%) with market share at 14.7%.
In second place Renault with 5.308 units (+27.4%). In third place Opel with 4.903 (+11.7%) followed by Skoda with 4.842 (+8.3%), Suzuki with 3.291 (+20.2%), Peugeot with 2.974 (+63.1%) and Hyundai with 2.748 (+28.6%).
Worldwide Harmonised Light Vehicle Test Procedure (WLTP)
The European Union has therefore developed a new test, called the Worldwide Harmonised Light Vehicle Test Procedure (WLTP).
The WLTP driving cycle is a test defined by the European Union defining new standard for vehicles with focus on CO2 emission and fuel consumptions. The test is divided into four parts with different average speeds: low, medium, high and extra high. Each part contains a variety of driving phases, stops, acceleration and braking phases.
For a certain car type, each powertrain configuration is tested with WLTP for the car’s lightest (most economical) and heaviest (least economical) version. WLTP was developed with the aim of being used as a global test cycle across different world regions, so pollutant and CO2 emissions as well as fuel consumption values would be comparable worldwide. However, while the WLTP has a common global ‘core’, the European Union and other regions will apply the test in different ways depending on their road traffic laws and needs.
WLTP will apply to all new car registrations from September 2018 when vehicles below the minimum index would not be registered within the European Union territory.
Research, Consulting, Data & Forecast
F2M covers intensively this market with several products developed to help any investigation required. Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2025. AutoData in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end. See details within Croatia Store.
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