Luxembourg Car Market in the 2018 was flat, ending with 52.667 registrations. Volkswagen kept the lead, up 3%, ahead of BMW. Mercedes gained the market podium, improving in double-digits, while disappointing performances were registered by Renault and Audi.
Economic Environment
Luxembourg’s economy lost some steam in Q4 2018, held back by cooling domestic demand. Household spending took a hit despite higher wages and record-low unemployment. Fixed investment, on the other hand, rebounded. Meanwhile, the all-important financial-services sector stumbled as market volatility squeezed investment funds at year-end.
Market Trend
Luxemburg vehicles market in the 2018 confirmed the positive tone shown since early 2017 with a moderate growth. According to data released by the Statec, the Luxembourg Portal for Statistics, car passenger’s sales in 2018 were at 52.667 (+0.9%).
At brand-wise, the leadership was unchanged, with Volkswagen on top of the list with 6.496 sales (+3%).
In second place BMW with 4.955 sales (-0.1%) followed by Mercedes with 4.854 (+11.9%), Renault with 3.752 (-7.4%), Audi with 3.498 (-21.7%), Peugeot with 3.194 (+5.3%) and Ford with 2.378 (+0.3%).
| Rank 2018 | Rank 2017 | Luxembourg | Sales 2018 | Sales 2017 | '+/- 2018 | Share 2018 |
|---|---|---|---|---|---|---|
| 1 | 1 | Volkswagen | 6.496 | 6.309 | 3,0% | 12,3% |
| 2 | 2 | BMW | 4.955 | 4.959 | -0,1% | 9,4% |
| 3 | 4 | Mercedes | 4.854 | 4.336 | 11,9% | 9,2% |
| 4 | 5 | Renault | 3.752 | 4.053 | -7,4% | 7,1% |
| 5 | 3 | Audi | 3.498 | 4.468 | -21,7% | 6,6% |
| 6 | 6 | Peugeot | 3.194 | 3.034 | 5,3% | 6,1% |
| 7 | 7 | Ford | 2.378 | 2.370 | 0,3% | 4,5% |
| 8 | 9 | Skoda | 2.230 | 2.120 | 5,2% | 4,2% |
| 9 | 13 | Volvo | 1.913 | 1.431 | 33,7% | 3,6% |
| 10 | 8 | Opel | 1.891 | 2.313 | -18,2% | 3,6% |
