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Europe's top-sellers in February

Volkswagen Golf (copyright image)

Europe's best seller: the Volkswagen Golf
(Australian specification 103 TDI model shown)

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21st March, 2010

Evidence of the shifting fortunes of the car industry is revealed in latest figures from automotive data provider, JATO Dynamics, which show the effects on brands and European sales figures, of declining new car demand in Germany.

What was once Europe’s largest new car market is suffering a distinct ‘scrappage hangover’, with February sales down almost one third (29.8%), versus the same period in 2009. Last month, it was outsold again by Italy, which is operating a scrappage incentive scheme (a taxpayer funded stimulus package) worth EUR 1,500 - 5,000, for every 10 year old car traded for a new, low emissions model.

One of the biggest casualties of this drop in demand was the Volkswagen Golf, whose lead over Ford’s Fiesta was cut to 4,737 sales (February 2009: 9,764 sales). Overall, Golf sales were down 4.0% across Europe last month, mainly due to a 9.4% drop in Germany; its largest market, responsible for approximately almost half of its European sales (February 2010: 45.2%).

David Di Girolamo, Head of JATO Consult, said of the figures: “This is the true picture of consumer confidence in the German market, after a series of smaller monthly declines. If this situation were to affect all markets at the end of their scrappage schemes, we could lose a third of all European new car registrations by mid-2010.”

The UK scrappage scheme extension expires at the end of March, while schemes will be phased out in Spain, Italy and France through 2010.

The continued buoyant sales in these markets ensured overall European sales remained positive in February, versus 2009 (Spain up 47.2%, UK up 26.4%, Italy up 20.5% and France up 18.7%).

Model Performance

Volkswagen’s Golf continues to dominate the sales charts but its reliance on German car buyers puts this position in doubt for the first time in over a year.

Ford's Fiesta, which is much stronger in UK, Spain and Italy, has benefited and more than halved the sales gap, compared with February 2009. These two remain clear of other top sellers, but the Renault Clio, Fiat Punto and Volkswagen Polo all posted double-digit sales gains.

Opel/Vauxhall’s new Astra is off to a strong start, edging the Ford Focus out of the European top ten.

Top 10 Models

Make & Model Feb 2010 Feb 2009 % Change Feb Feb YTD 2010 Feb YTD 2009 % Change YTD
VOLKSWAGEN GOLF 37,235 38,805 -4.0% 77,206 73,230 +5.4%
FORD FIESTA 32,498 29,041 +11.9% 71,696 60,833 +17.9%
RENAULT CLIO 27,334 17,683 +54.6% 59,603 34,713 +71.7%
FIAT PUNTO 26,413 18,577 +42.2% 54,272 35,699 +52.0%
VOLKSWAGEN POLO 26,026 19,904 +30.8% 57,985 38,396 +51.0%
PEUGEOT 207 25,295 25,848 -2.1% 50,232 51,205 -1.9%
FIAT PANDA 21,854 21,024 +3.9% 44,110 38,556 +14.4%
OPEL/VAUXHALL CORSA 21,144 20,562 +2.8% 44,213 39,989 +10.6%
RENAULT MEGANE 20,726 14,790 +40.1% 41,565 27,814 +49.4%
OPEL/VAUXHALL ASTRA 19,917 16,946 +17.5% 40,228 32,223 +24.8%

Brand Performance

February saw scrappage-influenced small car sales continue to determine brand performances, with Renault a particular beneficiary, from the impressive sales of its Clio.

Opel/Vauxhall, Toyota and Audi were further casualties of the declining German market, which damaged their overall sales performances.

Top 10 Brands

Make Feb 2010 Feb 2009 % Change Feb Feb YTD 2010 Feb YTD 2009 % Change YTD
VOLKSWAGEN 110,436 110,899 -0.4% 232,950 216,264 +7.7%
RENAULT 91,698 71,196 +28.8% 189,902 132,721 +43.1%
FORD 83,431 81,966 +1.8% 178,456 171,823 +3.9%
PEUGEOT 79,268 66,483 +19.2% 160,565 133,762 +20.0%
FIAT 73,133 70,138 +4.3% 154,037 136,213 +13.1%
CITROEN 68,591 57,776 +18.7% 137,764 117,728 +17.0%
OPEL/VAUXHALL 66,354 69,884 -5.1% 134,851 135,606 -0.6%
TOYOTA 44,837 53,230 -15.8% 102,788 103,187 -0.4%
AUDI 40,735 43,287 -5.9% 86,941 89,551 -2.9%
BMW 36,516 33,975 +7.5% 74,336 71,678 +3.7%

National Trends

This month has seen Italy once again claim the title of “Europe’s biggest new car market”. Dominated by Fiat and with an enduring appetite for small cars, it was the only market in Europe selling over 200,000 cars last month and is up 25.2% YTD, compared to the same period in 2009.

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Spain saw February 2010 sales rise by 47.2%; impressive growth which points to a recovery from its 2008 registration crash.  Major beneficiaries are Ford Fiesta, Nissan Qashqai, Hyundai i30 and Opel Astra and Corsa.

The UK is another strong performer, up 28.7% YTD, but is also a market dependent on taxpayer funded scrappage incentives, which has accounted for more than 320,000 sales since its introduction and for one in five registrations in the month of February 2010, according to the national industry body, SMMT.

Beyond the problems in Germany, there continues to be a dividing line between scrappage-cushioned Western markets and a Central and Eastern European region void of such expensive incentive schemes.

Concludes Di Girolamo: “The overall picture is still far from positive. The declines appear to be less severe in Central and Eastern Europe, which is more to do with the comparison period than any improving fortunes there. In February 2009, we were already seeing recessionary effects that continue today. The underlying figures from Western Europe are no more encouraging once you remove the impact of government incentives, as the evidence from Germany shows.”

Sales by Market

Country Feb 2010 Feb 2009 % Change Feb Feb YTD 2010 Feb YTD 2009 % Change YTD
Austria 21,787 18,827 +15.7% 42,669 37,819 +12.8%
Belgium 47,591 45,904 +3.7% 96,967 93,594 +3.6%
Cyprus* 871 1,452 -40.0% 1,848 2,939 -37.1%
Czech Republic 11,080 9,824 +12.8% 21,893 18,669 +17.3%
Denmark 7,044 7,436 -5.3% 17,708 15,237 +16.2%
Estonia 562 792 -29.0% 1,321 1,809 -27.0%
Finland 7,630 7,196 +6.0% 19,969 18,739 +6.6%
France 180,535 152,066 +18.7% 352,013 301,438 +16.8%
Germany 194,846 277,740 -29.8% 376,035 467,125 -19.5%
Great Britain 68,686 54,359 +26.4% 214,165 166,446 +28.7%
Greece 13,432 15,533 -13.5% 40,017 35,758 +11.9%
Hungary 3,086 7,254 -57.5% 5,877 13,381 -56.1%
Iceland 77 91 -15.4% 165 217 -24.0%
Ireland 12,306 8,883 +38.5% 28,865 24,682 +16.9%
Italy 201,577 167,341 +20.5% 409,004 326,711 +25.2%
Latvia 329 453 -27.4% 598 949 -37.0%
Lithuania 435 533 -18.4% 874 1,275 -31.5%
Luxembourg 4,081 2,086 +95.6% 7,617 5,243 +45.3%
Norway 9,094 6,287 +44.6% 18,791 11,640 +61.4%
Poland 24,390 30,199 -19.2% 49,749 56,859 -12.5%
Portugal 15,358 10,029 +53.1% 29,917 19,023 +57.3%
Slovakia 3,998 4,063 -1.6% 7,598 7,662 -0.8%
Slovenia 4,803 4,716 +1.8% 9,853 9,288 +6.1%
Spain 91,434 62,124 +47.2% 161,769 121,498 +33.1%
Sweden 17,972 14,603 +23.1% 33,495 25,902 +29.3%
Switzerland* 20,163 17,501 +15.2% 38,897 35,205 +10.5%
The Netherlands 37,799 33,840 +11.7% 100,706 89,906 +12.0%
Grand Total 1,000,966 961,132 +4.1% 2,088,380 1,909,014 +9.4%


*Denotes estimated data for February 2010


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