Slovakia Car Market Outlook.

Slovakia Car Market is one of the strongest in Europe, based on a solid local production and a growing pro capita income as the country has been one of the most advantaged by the join of the European Union.

Slovakia is a small country in the center of Europe, born on January 1st 1993, when the Slovaks and the Czechs agreed to separate peacefully. Covering a territory of 49.000 square kilometers is the 131th in the world, while as population, with its 5.5 million people, it is ranking 113th . Slovakia joined both NATO and the EU in the spring of 2004 and the euro area on 1 January 2009.

In the period 2001-2008, the Slovakia’s economic growth was among the highest in Europe, fueled by strong foreign direct investment, especially in the automotive and electronic sectors, cheap and skilled labor, low taxes (19% flat tax for corporations and individuals and taxes on dividend), a relatively liberal labor code and a favorable geographical location. In 2009 the economy contracted 5% before rebounding 4% in 2010 and 3.3% in 2011. The pro capita GDP was at US $ 23.600 (2011) and the unemployment rate at 13.5% (2011).

The automotive industry in Slovakia is built upon the heritage of the former supply chain for Škoda, and is today hailed as the most exemplary branch of an already flourishing economy, accounting for over 25% of industrial production and more than 30% of national exports.

Attracted by the availability of a highly skilled, low cost workforce and by spare industrial capacity, companies such as Volkswagen, PSA Peugeot Citroën and Kia Motors have built plants in Slovakia during the last decade, with a production grew more than 300% in the last decade with the record output performed in the 2011 with 640.000 units. Last year Slovakia was the world’s 22nd car producer, an impressive data for such small country!

The country’s automotive industry is dominated by three carmakers – Volkswagen in Bratislava, the Kia Motors Slovakia in Žilina and PSA Peugeot Citroën in Trnava and these plants are among the most advanced in the world. In the 2012 or 2013 Slovakia will outpace Italy as car producer!

The domestic car market is quite stable in the range of 65.000 -75.000 yearly volumes and was not hit by the 2008 global financial crisis, as the rest of Europe, thanks to the stability of the country economy.

In July 2012, Skoda sold 1.327 units with a share of 20.0%, down 2.6 points of share from the first half. However, the 2012 performance remained outstanding, with the share raised at 22.2%, up 3.4 points from last year, thanks to the strong sales performance of Skoda and Fabia.

Volkswagen was the second, with 615 sales and a share of 9.3%, flat on first half and YTD. Volkswagen was gaining 0.5 points of share from last year

Kia was third with 547 units and 8.2% of share. Year to date July sales were at 3.060 with a share of 7.0%, up 0.3 points from last year.

Renault surged in 4th position in the year to date July ranking, outpacing Peugeot.

In the table below, the Top 30 brands, ranked for the year to date position:

Rank

Brand

July

Ytd Jul

2011

Q1

Q2

I Half

July

Ytd Jul

1

Skoda

1.327

9.627

18,8%

24,2%

21,1%

22,6%

20,0%

22,2%

2

Volkswagen

615

4.043

8,8%

9,5%

9,2%

9,3%

9,3%

9,3%

3

Kia

547

3.060

6,7%

6,7%

7,0%

6,8%

8,2%

7,0%

4

Renault

453

2.751

6,6%

6,3%

6,2%

6,3%

6,8%

6,3%

5

Peugeot

422

2.624

6,9%

6,7%

5,4%

6,0%

6,4%

6,0%

6

Hyundai

402

2.553

4,8%

4,4%

7,2%

5,9%

6,0%

5,9%

7

Citroen

272

1.793

4,9%

4,0%

4,3%

4,1%

4,1%

4,1%

8

Opel

239

1.557

4,3%

3,1%

4,1%

3,6%

3,6%

3,6%

9

Fiat

243

1.524

4,1%

3,2%

3,7%

3,5%

3,7%

3,5%

10

Ford

175

1.423

4,1%

4,0%

2,9%

3,4%

2,6%

3,3%

11

Suzuki

259

1.416

3,2%

2,5%

3,7%

3,1%

3,9%

3,3%

12

Toyota

182

1.206

3,2%

2,8%

2,8%

2,8%

2,7%

2,8%

13

BMW

191

1.197

3,4%

2,6%

2,8%

2,7%

2,9%

2,8%

14

Mercedes

172

1.142

2,5%

2,6%

2,7%

2,6%

2,6%

2,6%

15

Nissan

156

1.049

2,0%

2,5%

2,4%

2,4%

2,3%

2,4%

16

Audi

174

1.010

2,2%

2,0%

2,5%

2,3%

2,6%

2,3%

17

Chevrolet

129

957

2,1%

2,4%

2,1%

2,3%

1,9%

2,2%

18

Dacia

125

935

2,4%

2,3%

2,1%

2,2%

1,9%

2,2%

19

Seat

115

902

3,1%

2,7%

1,6%

2,1%

1,7%

2,1%

20

Honda

135

584

1,1%

1,0%

1,4%

1,2%

2,0%

1,3%

21

Mazda

72

435

0,8%

0,8%

1,1%

1,0%

1,1%

1,0%

22

Mitsubishi

28

304

1,2%

1,1%

0,4%

0,8%

0,4%

0,7%

23

Volvo

46

249

0,8%

0,5%

0,6%

0,6%

0,7%

0,6%

24

Land Rover

16

145

0,3%

0,3%

0,4%

0,4%

0,2%

0,3%

25

Mini

33

124

0,3%

0,2%

0,3%

0,2%

0,5%

0,3%

26

Subaru

14

106

0,4%

0,2%

0,3%

0,3%

0,2%

0,2%

27

Porsche

11

83

0,1%

0,2%

0,2%

0,2%

0,2%

0,2%

28

Jeep

16

79

0,1%

0,2%

0,2%

0,2%

0,2%

0,2%

29

Lancia

12

70

0,1%

0,1%

0,2%

0,2%

0,2%

0,2%

30

Alfa Romeo

12

66

0,2%

0,1%

0,2%

0,1%

0,2%

0,2%

Looking at the best-selling models, on the throne there was the Skoda Octavia with 4.285 sales and 9.9% of share, followed by the Skoda Fabia, with 3.250 sales and 7.5% of share.

Kia Cee’d was third, with 1.149 sales, 100 units more than its twin, the Hyundai i30, ranked 4th.

In the table below, the best 30 models, ranked for year to date position:

Rank

Model

Jul

Ytd Jul

Q1

Q2

I Half

July

Ytd Jul

1

Skoda Octavia

616

4.285

10,7%

9,3%

10,0%

9,3%

9,9%

2

Skoda Fabia

388

3.250

8,6%

7,0%

7,8%

5,8%

7,5%

3

Kia Cee’d

214

1.149

2,5%

2,5%

2,5%

3,2%

2,6%

4

Hyundai i30

218

1.043

1,2%

3,2%

2,2%

3,3%

2,4%

5

Suzuki SX4

155

876

1,6%

2,3%

2,0%

2,3%

2,0%

6

Kia Sportage

176

851

1,8%

1,9%

1,8%

2,6%

2,0%

7

Volkswagen Polo

91

798

2,1%

1,8%

1,9%

1,4%

1,8%

8

Volkswagen Golf

112

797

1,6%

2,1%

1,9%

1,7%

1,8%

9

Skoda Yeti

107

717

1,7%

1,6%

1,7%

1,6%

1,7%

10

Kia Rio

84

663

1,7%

1,5%

1,6%

1,3%

1,5%

11

Skoda Roomster

92

589

1,5%

1,2%

1,4%

1,4%

1,4%

12

Volkswagen Passat

95

574

1,4%

1,2%

1,3%

1,4%

1,3%

13

Skoda Superb

57

561

1,4%

1,3%

1,4%

0,9%

1,3%

14

Renault Clio 3

99

521

1,0%

1,2%

1,1%

1,5%

1,2%

15

Dacia Duster

57

516

1,4%

1,1%

1,2%

0,9%

1,2%

16

Renault Fluence

99

516

1,2%

1,1%

1,1%

1,5%

1,2%

17

Nissan Qashqai

74

498

1,3%

1,0%

1,2%

1,1%

1,1%

18

Ford Focus

62

485

1,5%

0,8%

1,2%

0,9%

1,1%

19

Renault Megane

97

477

1,1%

1,0%

1,0%

1,5%

1,1%

20

Opel Astra 4

40

473

0,9%

1,4%

1,2%

0,6%

1,1%

21

Hyundai i20

75

452

0,8%

1,3%

1,0%

1,1%

1,0%

22

Hyundai ix35

43

430

1,2%

1,0%

1,1%

0,6%

1,0%

23

Citroen C4

62

423

0,9%

1,1%

1,0%

0,9%

1,0%

24

Volkswagen Tiguan

74

420

0,9%

1,0%

0,9%

1,1%

1,0%

25

Suzuki Swift

89

416

0,6%

1,1%

0,9%

1,3%

1,0%

26

Renault Thalia

44

411

1,1%

0,9%

1,0%

0,7%

0,9%

27

Peugeot 3008

61

393

0,9%

0,9%

0,9%

0,9%

0,9%

28

Ford Fiesta

39

390

0,9%

1,0%

1,0%

0,6%

0,9%

29

Honda CR-V

79

361

0,7%

0,8%

0,8%

1,2%

0,8%

30

Toyota Yaris

56

360

0,9%

0,8%

0,8%

0,8%

0,8%

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