Serbia 2017. Car sales up for the third year in a row

Serbia Car Market

Serbia Car Market kept the momentum in the 2017 increasing 9.7% despite weaker than expected private consumption and small increase in labor market figures. On top of the ranking, the local producer Fiat with a safe margin over Skoda and Volkswagen.

Serbia economy expanded 2.1% in Q3 against the same quarter last year—the fastest rate since Q4 2016. Moreover, in September industrial production expanded solidly compared to the same month in the prior year, driven by strong growth in the manufacturing, and mining and quarrying sectors. Exports also continued to grow at a double-digit rate. On 7 November, the IMF concluded a visit to Serbia. It noted that the country’s public debt-to-GDP ratio has fallen significantly since 2015 and generally praised Serbia’s recent economic performance.

Serbian vehicles market in recent years is recovering after the huge fall reported in the 2009-2014 crisis. According to data reported by the local Association of Car Manufacturers, light vehicles sales grew up from the 19.698 in the 2014 to 29.010 in the 2017.

 Sales 2012Sales 2013Sales 2014Sales 2015Sales 2016Sales 2017Sales 2018 e
Car+LCV23.51022.03819.69821.67126.43429.01030.862
 2012 Var2013 Var2014 Var2015 Var2016 Var2017 Var2018 var e
Car+LCV-27,0%-6,8%-6,8%10,0%22,0%9,7%6,4%

At brand-wise, the market leader Fiat  has sold 3.927 cars (-9.4%) with 13.4% of market share.

In second place Skoda with 3.568 sales (-5.1%) followed by Volkswagen with 2.664 sales, (+21.8%), Renault with 2.070 (-0.6%), Ford with 1.844 (+13.6%), Opel with 1.763 (-6.8%) and Dacia with 1.751 (+4.0%).

Rank 2017Ran DecBrandSales 2017Sales DecVariation 2017Variation DecShare 2017Share Dec
12Fiat3.927353-9,4%-13,9%13,5%13,4%
21Skoda3.568434-5,1%-1,1%12,3%16,5%
36Volkswagen2.66413721,8%5,4%9,2%5,2%
43Renault2.070272-0,6%70,0%7,1%10,3%
54Ford1.84425513,6%5,4%6,4%9,7%
68Opel1.76399-6,8%-48,2%6,1%3,8%
75Dacia1.7511904,0%24,2%6,0%7,2%
810Toyota1.2798717,0%8,8%4,4%3,3%
911Hyundai1.18664-26,3%10,3%4,1%2,4%
109Mercedes1.1529397,9%16,3%4,0%3,5%
117Audi90710232,2%24,4%3,1%3,9%
1213Citroen9066265,0%17,0%3,1%2,4%
1312Peugeot7556319,1%-6,0%2,6%2,4%
1417Kia66944-7,3%-24,1%2,3%1,7%
1515BMW6445839,1%107,1%2,2%2,2%
1614Nissan6215935,9%22,9%2,1%2,2%
1718Suzuki4732710,3%-32,5%1,6%1,0%
1816Mazda470539,6%71,0%1,6%2,0%
1919Land Rover41121254,3%425,0%1,4%0,8%
2016Iveco349531,2%2,0%
2122Lada312131,1%0,5%
2221Honda20618-12,3%12,5%0,7%0,7%
2323Jeep204112,5%-47,6%0,7%0,4%
2420Volvo1832071,0%53,8%0,6%0,8%
2524Seat1197-3,3%-53,3%0,4%0,3%
2628Mini1173120,8%0,0%0,4%0,1%
2725Alfa Romeo107630,5%-40,0%0,4%0,2%
2826Porsche785-24,3%-54,5%0,3%0,2%
2926Mitsubishi695-13,8%0,0%0,2%0,2%
3027Isuzu404
3125Smart376
3227Jaguar334
3329Subaru302
3430GAZ221
3531Infiniti16-
3631Great Wall6-
3731Maserati5-
3731Bentley5-
3831Piaggio3-
3931Lexus2-
4031SsangYong1-
4031Rolls-Royce1-
4031Chevrolet1-
Rank 2017Ran DecGroupSales 2017Sales DecVariation 2017Variation DecShare 2017Share Dec
11Volkswagen Group7.3416857,0%1,2%25,3%26,0%
22Renault Nissan Alliance4.83953912,1%47,3%16,7%20,5%
33F.C.A.4.592423-0,5%-4,1%15,8%16,1%
45P.S.A.3.42422411,4%-28,0%11,8%8,5%
56Hyundai-Kia1.855108-20,5%-6,9%6,4%4,1%
64Ford M.C.1.84425513,6%5,4%6,4%9,7%
78Toyota M.C.1.2818717,2%8,8%4,4%3,3%
87Mercedes Benz1.18999104,3%23,8%4,1%3,8%
99BMW7626147,7%96,8%2,6%2,3%
1011Suzuki4732710,3%-32,5%1,6%1,0%

 

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