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.
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.
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%).
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