Greece 2018. Volkswagen booms in a market up 17.4%

Greek Cars Market

Greek Cars Market in 2018 grew 17.4% keeping the positive tone of recent years, scoring the sixth annual gain in a row with registrations at 103.436. Toyota is the market leader, followed by Volkswagen improving with an astonishing +32.1%.

Competitive Arena

Greek’s economy in the fourth quarter kept momentum, reflected by the manufacturing PMI which hit a six-month high in November. Meanwhile, the Eurogroup greenlighted the 2019 budget at the start of December, the country’s first budget without the backdrop of a bailout program in over eight years. Notably, the budget excludes a planned pension cut that was supposed to take place in January.

Activity is seen remaining broadly stable in the coming years, supported by a tightening labor market and recovering business climate. That said, doubts remain over the country’s longer-term prospects and the government’s willingness to maintain rigid fiscal discipline and tough economic reforms.

Market Trend

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 in the 2012 to 88.083 in the 2017.

In the 2018 the car passenger’s market continued the fast recovering. Indeed, following the positive tone of recent years, this year sales have grown 17.4%, signing the 6th consecutive annual gain and a six-digit score for the first time since 2010, with 103.436 units sold. However, we are still far from the 2007 all-time record.

Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018'+/- 2018
71.22275.84478.87288.083103.43617,4%

Competitive Arena

Brand wise, Toyota is the 2018 market leader selling 11.756 cars (+17.3%) with 11.4% market share, ahead of Volkswagen with 9.023 units (+32.1%), Peugeot with 8.371 (+28.7%), Nissan with 7.894 (+9.7%), Fiat with 7.092 (+11.4%), Opel with 6.931 (+4.3%) and Suzuki with 5.905 (+10.1%).

At model wise, the number one was the Toyota Yaris with 6.543 sales (+18.8%) followed by the Volkswagen Polo with 3.815 (+55.1%) and the Fiat Panda with 3.796 (+20.9%).

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 2018Rank 2017 Sales 2018Sales 2017'+/- 2018Share 2018
11Toyota11.75610.02617,3%11,4%
23Volkswagen9.0236.83232,1%8,7%
35Peugeot8.3716.50328,7%8,1%
42Nissan7.8947.1949,7%7,6%
56Fiat7.0926.36611,4%6,9%
64Opel6.9316.6444,3%6,7%
77Suzuki5.9055.36410,1%5,7%
89Hyundai5.7224.03841,7%5,5%
98Citroen5.3874.10731,2%5,2%
1012Renault4.1883.52818,7%4,0%
1111Ford4.1723.9036,9%4,0%
1210Mercedes3.7853.920-3,4%3,7%
1314Skoda3.6073.08616,9%3,5%
1413BMW2.8643.174-9,8%2,8%
1519Kia2.8301.257125,1%2,7%
1616Seat2.6691.87442,4%2,6%
1715Audi2.6623.085-13,7%2,6%
1818Volvo1.6951.30629,8%1,6%
1917Mini1.6141.5732,6%1,6%
2021Dacia1.32080065,0%1,3%
2120Jeep1.15996719,9%1,1%
2223Smart73661619,5%0,7%
2322Honda6866367,9%0,7%
2424Alfa Romeo507593-14,5%0,5%
2525Mitsubishi29220145,3%0,3%
2626Land Rover18313139,7%0,2%
2731Jaguar12237229,7%0,1%
2828Porsche72677,5%0,1%
2932Lexus603666,7%0,1%
3033Subaru483441,2%
3130Abarth3038-21,1%
3229SsangYong2850-44,0%
3335Maserati84100,0%
3436Bentley330,0%
3538Tesla21100,0%
3537Chevrolet220,0%
3527Mazda276-97,4%
3639Aston Martin1-

Rank 2018Rank 2017 Sales 2018Sales 2017'+/- 2018Share 2018
11P.S.A.20.68917.25419,9%20,0%
22Volkswagen Group18.03614.94720,7%17,4%
33Renault Nissan Alliance13.69411.72316,8%13,2%
44Toyota Group11.81610.06217,4%11,4%
55F.C.A.8.7967.97610,3%8,5%
67Hyundai-Kia8.5525.29561,5%8,3%
76Suzuki5.9055.36410,1%5,7%
89Mercedes Daimler4.5214.536-0,3%4,4%
98BMW4.4784.747-5,7%4,3%
1010Ford Group4.1723.9036,9%4,0%

Rank 2018Rank 2017ModelSales 2018Sales 2017'+/- 2018
11Toyota Yaris6.5435.50818,8%
28Volkswagen Polo3.8152.46055,1%
33Fiat Panda3.7963.14020,9%
44Peugeot 2083.6382.90925,1%
52Opel Corsa3.5243.3415,5%
65Nissan Micra2.9592.8434,1%
77Renault Clio2.9512.55015,7%
89Citroen C32.8972.33724,0%
96Nissan Qashqai2.8822.57811,8%
1011Hyundai i202.2472.0887,6%
1110Opel Astra2.0382.186-6,8%
1216Hyundai i101.9751.39241,9%
1319Ford Fiesta1.8941.22954,1%
1413Toyota Aygo1.7081.49114,6%
1529Toyota C-HR1.57198958,8%
1620Mercedes A Class1.4271.18520,4%
1712BMW X11.4031.523-7,9%
1856Kia Picanto1.374419227,9%
1921Suzuki Swift1.3261.10520,0%
2014Volkswagen Golf1.3171.406-6,3%
2126Volkswagen Tiguan1.3161.00930,4%
2217Toyota Auris1.2741.341-5,0%
2315Fiat Tipo1.2681.402-9,6%
2430Seat Ibiza1.22195627,7%
2525Suzuki Vitara1.1831.02615,3%
2637Suzuki Ignis1.17287833,5%
2723Nissan Pulsar1.1391.0597,6%
2818Mercedes GLA1.1311.337-15,4%
29128volkswagen T-Roc1.117502134,0%
3027Peugeot 1081.0541.0074,7%

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