Luxembourg 2018. Volkswagen on top, while Mercedes impressed (+11.9%)

luxembourg car market

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.

Looking at Q1, the gloomy European backdrop appears to have continued taking its toll. Business sentiment deteriorated amid lackluster manufacturing activity in Germany and France. In turn, industrial output slipped and export growth lost stride through January.

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 2018Rank 2017LuxembourgSales 2018Sales 2017'+/- 2018Share 2018
11Volkswagen6.4966.3093,0%12,3%
22BMW4.9554.959-0,1%9,4%
34Mercedes4.8544.33611,9%9,2%
45Renault3.7524.053-7,4%7,1%
53Audi3.4984.468-21,7%6,6%
66Peugeot3.1943.0345,3%6,1%
77Ford2.3782.3700,3%4,5%
89Skoda2.2302.1205,2%4,2%
913Volvo1.9131.43133,7%3,6%
108Opel1.8912.313-18,2%3,6%


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