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Growth in US, China, India, Japan and Russia
While the major international markets outside Europe were all recording double-digit growth in passenger car sales in June, the Western European passenger car market remained slightly below last year's level. It was stabilized by the keen demand on the German and British markets in particular. The June figures for Western Europe showed a small drop of 2 per cent, which was much better than the result for the first half-year. "The global passenger car market is continuing its path of growth. Both in the US and in Japan around 1 million more cars were sold than in the same period last year. The Chinese market expanded by around 500,000 units. This more than compensated for the fall in Western Europe by a long way," said Matthias Wissmann, President of the German Association of the Automotive Industry (VDA).
US sales of light vehicles (passenger cars and light trucks) rose by 22 per cent in June to reach 1.28 million units. With growth of nearly 25 per cent, there was a disproportionately large climb in passenger car sales to 645,100 units. Sales of light trucks increased by over 19 per cent to 636,300 units. In the first half-year the total market for light vehicles grew by almost 15 per cent to 7.25 million units. The German manufacturers expanded faster than the market as a whole, pushing up their sales by nearly 21 per cent to 591,700 new vehicles. The German OEMs recorded a marked increase in the passenger car segment in particular - of 23 per cent to 439,900 vehicles - which brought a further improvement in their market position: they increased their share of the passenger car market by 0.5 percentage points to 11.8 per cent. The German group brands expanded their sales of light trucks by 15 per cent in the first half of this year, while the overall light truck market grew by 11 per cent.
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