Greece 2017. Market recovered 11% pulled by positive economy

Greek Cars Market

Greece Cars Sales kept recovery in the 2017 with sales up 11%, at highest level since 2010, thanks to significant recovery in the economic field and a more relaxed relation with creditors. Toyota is market leader, followed by Nissan & Volkswagen.

Greek economy recovery continued but lost steam in the third quarter, as a weak domestic economy held back growth. High unemployment and years of austerity weighed on household consumption, and investment also plummeted in the period, while export growth provided some respite. Available data for the fourth quarter suggests that activity is improving, although growth will likely remain lackluster overall. Industrial production slowed in October, but the manufacturing PMI picked up in November. In addition, activity is likely to be boosted by a social dividend payment from the government to low-income households in December.

Greek vehicles market is recovering after the sharp fall reported during the harsh 2008-2010 financial crisis and, since the 2012, the car passenger’s segment improved substantially. According to data released by the Association of Motor Vehicle Importers Representatives, the market grew from 58.480 to 88.083 in the 2017 and projecting for the 2018 are quite positive.

 Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Car58.48058.69371.22275.84478.87288.08395.822
LCV3.7003.4314.8855.6085.6186.6277.215
Total62.18062.12476.10781.45284.49094.710103.036

 2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Car-40,0%0,5%21,4%6,5%4,0%11,7%8,8%
LCV-41,8%-7,4%42,6%14,8%0,2%18,0%8,9%
Total-40,1%0,0%22,6%7,0%3,8%12,1%8,8%

In the 2017, Toyota was the market leader selling 10.025 cars (+5.6%) ahead of Nissan, with 7.194 units (-1.3%), Volkswagen with 6.832 units (+6.3%), Opel with 6.644 units (-5.8%), Peugeot with 6.503 (+16.5%), Fiat with 6.366 (+30.3%) and Suzuki with 5.364 units (+289.7%).

At model wise, the number one was the Toyota Yaris with 5.508 sales (+3.8%) followed by the Opel Corsa with 3.341 (-13.1%) and the Fiat Panda with 3.140 (+15.9%).

Ranking of the best-selling models is featured in the dedicated report here.

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 Greece Corner Store.

Rank 2017Ran DecBrandSales 2017Sales DecVariation 2017Variation DecShare 2017Share Dec
11Toyota10.0265875,6%47,5%11,4%10,9%
22Nissan7.194440-1,3%110,5%8,2%8,2%
36Volkswagen6.8323126,3%21,9%7,8%5,8%
47Opel6.644303-5,8%-48,3%7,5%5,6%
513Peugeot6.50320116,5%70,3%7,4%3,7%
65Fiat6.36632530,3%33,2%7,2%6,0%
711Suzuki5.36420929,7%51,4%6,1%3,9%
810Citroen4.1072498,6%-20,4%4,7%4,6%
916Hyundai4.038132271,1%116,4%4,6%2,4%
108Mercedes3.919281-11,6%-59,5%4,4%5,2%
114Ford3.9033644,5%26,0%4,4%6,7%
1212Renault3.52820516,8%22,0%4,0%3,8%
133BMW3.174399-17,4%15,0%3,6%7,4%
149Skoda3.086269116,1%108,5%3,5%5,0%
1513Audi3.08520117,8%120,9%3,5%3,7%
1619Seat1.874805,3%50,9%2,1%1,5%
1714Mini1.573193-0,7%77,1%1,8%3,6%
1815Volvo1.306160-10,4%-8,6%1,5%3,0%
1920Kia1.2577854,0%420,0%1,4%1,4%
2017Jeep967847,4%3,7%1,1%1,6%
2118Dacia8008128,8%179,3%0,9%1,5%
2221Honda63667-8,8%109,4%0,7%1,2%
2322Smart61766-24,3%-57,4%0,7%1,2%
2423Alfa Romeo5936514,7%62,5%0,7%1,2%
2524Mitsubishi20117-13,7%466,7%0,2%0,3%
2625Land Rover1311277,0%140,0%0,1%0,2%
27Mazda76
2828Porsche673
29SsangYong50
3027Jaguar374
3126Abarth365
3129Lexus362
3230Subaru331
33Lancia11
3430Maserati41
35Lifan3
35Bentley3
36Chevrolet2
37Tesla1

Rank 2017Ran DecGroupSales 2017Sales DecVariation 2017Variation DecShare 2017Share Dec
12P.S.A.17.2547535,1%-26,0%19,6%14,0%
21Volkswagen Group14.94786521,6%62,6%17,0%16,0%
33Renault Nissan Alliance11.7237435,0%81,7%13,3%13,8%
45Toyota M.C.10.0625895,5%47,6%11,4%10,9%
56F.C.A.7.97748025,4%28,3%9,1%8,9%
610Suzuki5.36420929,7%51,4%6,1%3,9%
79Hyundai-Kia5.295210178,1%176,3%6,0%3,9%
84BMW4.747592-12,5%29,8%5,4%11,0%
98Mercedes Benz4.536347-13,6%-59,1%5,1%6,4%
107Ford M.C.3.9033644,5%26,0%4,4%6,7%
Rank 2017Rank 2016 Sales 2017Sales 2016Variation 2017
11Toyota Yaris5.5085.3063,8%
22Opel Corsa3.3413.845-13,1%
34Fiat Panda3.1402.71015,9%
46Peugeot 2082.9092.38721,9%
53Nissan Micra2.8432.929-2,9%
67Nissan Qashqai2.5782.3838,2%
78Renault Clio2.5502.24013,8%
85Volkswagen Polo2.4602.3962,7%
915Citroen C32.3371.31777,4%
109Opel Astra2.1862.1850,0%
1147Hyundai i202.088476338,7%
1221BMW X11.5231.14033,6%
1313Toyota Aygo1.4911.570-5,0%
1412Volkswagen Golf1.4061.635-14,0%
1554Fiat Tipo1.402393256,7%
1645Hyundai i101.392510172,9%
1710Toyota Auris1.3411.702-21,2%
1816Mercedes GLA1.3371.3141,8%
1911Ford Fiesta1.2291.697-27,6%
2014Mercedes A Class1.1851.548-23,4%
2122Suzuki Swift1.1051.0257,8%
2229Volkswagen Up!1.09583631,0%
2330Nissan Pulsar1.05978934,2%
2499Ford Kuga1.038105888,6%
2520Suzuki Vitara1.0261.179-13,0%
2644Volkswagen Tiguan1.00952592,2%
2718Peugeot 1081.0071.192-15,5%
2825Mini1.00090410,6%
29145Toyota C-HR989198800,0%
3035Seat Ibiza95665146,9%

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