Slovakia Auto sales in May signs a new positive result (+2.2%), registering 9.888 units. The brand leader Skoda marks an outstanding performance (+11%), ahead of Volkswagen and Hyundai. Astonishing performances are scored also by Dacia and Citroen.
Economic Environment
Slovakian economy growth marginally picked up in the first quarter, on the back of buoyant external sector. Domestically, lackluster expenditure weighed on growth, however: Household spending growth fell to an almost five-year low, amid higher inflation and downbeat consumer sentiment, while fixed investment lost stride owing to completed projects in the auto sector.
Turning to Q2, tailwinds to growth appear to have softened. In April, a tepid rebound in retail sales and lingering pessimism among households hints that consumption remained frail, while slower construction activity points to cooling capital investment. On the supply-side, industrial production posted solid gains in April, although a downward trend in new orders since the start of the year could take its toll ahead. Meanwhile, the trade balance posted the first deficit of the year in April amid surprisingly slow merchandise export growth.
Market Trend
Slovakian vehicles market in recent years has been one of the most dynamic in Europe, while the country become a manufacturing hub for the entire continent, with the highest ratio of produced vehicles per people in the continent. The domestic new vehicles sales scored an impressive series of all time record, starting from the 2014.
Indeed according to data released by the Slovakia Associations of Car Manufacturers, in the last five years the market grew up without break while the speed declined year after year, ending with a 2018 record of 98.079 sales, up a mere 2.1% from the previous year.
However, in January 2019 the market dropped off, reporting 6.543 sales (-18.7%), the worst year-on-year performance in the last 9 years. Despite still negative, February sales decreased at a reduced speed (-2.1%) with 7.790 units.
In March the market grew 7.9% with 9.222 units sold, however the Q1 figures are still negative with 23.344 registrations (-4.1%). In April sales signs a new gain (+5.8%) with 8.894 units, as well as in May where sales are up 2.2% with 9.888 units sold.
The year-to-date 42.143 registrations (-0.7%).
Competitive Arena
At brand wise, year-to-date rank sees Skoda still on the Top with 7.682 sales (-8.6%) holding 18.2% of market share.
In second place Volkswagen with 4.002 units (+3.3%) followed by Hyundai third with 3.432 (+1.8%).
In fourth place Kia with 3.048 units (-3%), Dacia with 2.711 (+21.3%), Renault with 2.571 (+68.1%) and Peugeot with 2.557 (-2.6%), Opel with 2.311 (+32.8%), Toyota with 1.824 (-4.5%) and in 10th place Citroen with 1.805 (+5%).
At model wise, the Top 10 podium shows first the Skoda Octavia with 2.180 (-0.5%), Skoda Fabia with 2.144 (-11.8%) and Kia Cee’d with 1.541 (+14.6%).
| Rank 2019 | Rank 2018 | Brand | Sales YTD 2019 | May 2019 | '+/- YTD 2019 | '+/- May | Share YTD 2019 | Share May 2019 |
|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Skoda | 7.682 | 2.014 | -8,6% | 11,0% | 18,2% | 20,4% |
| 2 | 2 | Volkswagen | 4.002 | 943 | 3,3% | 3,1% | 9,5% | 9,5% |
| 3 | 3 | Hyundai | 3.432 | 778 | 1,8% | -4,7% | 8,1% | 7,9% |
| 4 | 4 | Kia | 3.048 | 804 | -3,0% | 23,9% | 7,2% | 8,1% |
| 5 | 6 | Dacia | 2.711 | 623 | 21,3% | 39,7% | 6,4% | 6,3% |
| 6 | 10 | Renault | 2.571 | 386 | 68,1% | -21,9% | 6,1% | 3,9% |
| 7 | 5 | Peugeot | 2.557 | 582 | -2,6% | -4,4% | 6,1% | 5,9% |
| 8 | 8 | Opel | 2.311 | 523 | 32,8% | 12,2% | 5,5% | 5,3% |
| 9 | 7 | Toyota | 1.824 | 485 | -4,5% | 25,3% | 4,3% | 4,9% |
| 10 | 11 | Citroen | 1.805 | 511 | 5,0% | 37,0% | 4,3% | 5,2% |
| 11 | 9 | Suzuki | 1.427 | 294 | -28,9% | -35,0% | 3,4% | 3,0% |
| 12 | 13 | BMW | 1.071 | 252 | -20,3% | -9,0% | 2,5% | 2,5% |
| 13 | 12 | Mercedes | 968 | 218 | -23,2% | -27,1% | 2,3% | 2,2% |
| 14 | 16 | Seat | 814 | 209 | 7,1% | 2,5% | 1,9% | 2,1% |
| 15 | 14 | Ford | 793 | 149 | -21,5% | -30,4% | 1,9% | 1,5% |
| 16 | 15 | Mazda | 771 | 152 | -11,3% | -4,4% | 1,8% | 1,5% |
| 17 | 17 | Audi | 644 | 179 | -21,0% | 2,9% | 1,5% | 1,8% |
| 18 | 18 | Fiat | 610 | 121 | 5,0% | -17,7% | 1,4% | 1,2% |
| 19 | 19 | Nissan | 497 | 103 | -16,9% | -14,2% | 1,2% | 1,0% |
| 20 | 21 | Honda | 489 | 125 | -6,5% | -5,3% | 1,2% | 1,3% |
| 21 | 20 | Mitsubishi | 466 | 108 | -3,1% | -1,8% | 1,1% | 1,1% |
| 22 | 22 | Volvo | 324 | 71 | 9,8% | 12,7% | 0,8% | 0,7% |
| 23 | 23 | Lada | 314 | 83 | 22,7% | 48,2% | 0,7% | 0,8% |
| 24 | 24 | Jeep | 286 | 37 | 9,6% | -72,0% | 0,7% | 0,4% |
| 25 | 26 | Land Rover | 184 | 28 | -8,9% | -3,4% | 0,4% | 0,3% |
| 26 | 28 | Jaguar | 129 | 10 | 84,3% | -37,5% | 0,3% | 0,1% |
| 27 | 25 | Subaru | 113 | 33 | -32,7% | -25,0% | 0,3% | 0,3% |
| 28 | 27 | Mini | 81 | 24 | -37,2% | -14,3% | 0,2% | 0,2% |
| 29 | 28 | Lexus | 79 | 11 | -6,0% | -21,4% | 0,2% | 0,1% |
| 30 | 29 | Porsche | 68 | 19 | -16,0% | 26,7% | 0,2% | 0,2% |
| 31 | 30 | Alfa Romeo | 43 | 10 | -6,5% | -9,1% | 0,1% | 0,1% |
| 32 | 31 | Smart | 12 | 1 | -14,3% | -80,0% | ||
| 33 | 35 | SsangYong | 10 | 1 | ||||
| 34 | 33 | Maserati | 3 | 1 | -66,7% | -50,0% | ||
| 35 | 32 | DS | 2 | - | -84,6% | -100,0% | ||
| 35 | Abarth | 2 | - |
| Rank 2019 | Rank 2018 | Group | Sales YTD 2019 | May 2019 | '+/- YTD 2019 | '+/- May | Share YTD 2019 | Share May 2019 |
|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Volkswagen Group | 13.210 | 3.364 | -5,2% | 7,8% | 31,3% | 34,0% |
| 2 | 3 | P.S.A. | 6.675 | 1.616 | 9,5% | 11,4% | 15,8% | 16,3% |
| 3 | 4 | Renault Nissan Alliance | 6.559 | 1.303 | 28,6% | 6,3% | 15,6% | 13,2% |
| 4 | 2 | Hyundai-Kia | 6.480 | 1.582 | -0,5% | 8,0% | 15,4% | 16,0% |
| 5 | 5 | Toyota Group | 1.903 | 496 | -4,5% | 23,7% | 4,5% | 5,0% |
| 6 | 6 | Suzuki | 1.427 | 294 | -28,9% | -35,0% | 3,4% | 3,0% |
| 7 | 8 | BMW | 1.152 | 276 | -21,7% | -9,5% | 2,7% | 2,8% |
| 8 | 7 | Mercedes Daimler | 980 | 219 | -23,1% | -28,0% | 2,3% | 2,2% |
| 9 | 10 | F.C.A. | 944 | 169 | 5,2% | -42,1% | 2,2% | 1,7% |
| 10 | 9 | Ford Group | 793 | 149 | -21,5% | -30,4% | 1,9% | 1,5% |
| Rank 2019 | Rank 2018 | Models | Sales 2019 YTD | Sales May 19 | '+/- 2019 Var | '+/- May 19 |
|---|---|---|---|---|---|---|
| 1 | 2 | Skoda Octavia | 2.180 | 509 | -0,5% | 24,1% |
| 2 | 1 | Skoda Fabia | 2.144 | 399 | -11,8% | -21,6% |
| 3 | 5 | Kia CeeÕd | 1.541 | 419 | 14,6% | 27,4% |
| 4 | 4 | Hyundai i30 | 1.446 | 257 | 13,7% | -24,2% |
| 5 | 3 | Skoda Rapid | 1.281 | 255 | -17,4% | -33,6% |
| 6 | 19 | Dacia Duster | 1.149 | 148 | 72,0% | -2,6% |
| 7 | 11 | Renault Clio | 933 | 124 | 57,3% | -11,4% |
| 8 | 8 | Skoda Karoq | 932 | 231 | 1,3% | 3,1% |
| 9 | 6 | Hyundai Tucson | 926 | 189 | -9,2% | -12,5% |
| 10 | 7 | Volkswagen Golf | 805 | 160 | -17,4% | -36,8% |
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