European Scrapping Programs: Good or Bad? Carlos Da Silva Senior Market Analyst Automotive Analysis and Forecasting

Size: px
Start display at page:

Download "European Scrapping Programs: Good or Bad? Carlos Da Silva Senior Market Analyst Automotive Analysis and Forecasting"

Transcription

1 European Scrapping Programs: Good or Bad? Carlos Da Silva Senior Market Analyst Automotive Analysis and Forecasting

2 The Spread of Government Car Purchase Incentive Schemes Many European Governments have embraced car scrapping incentive schemes = Incentive Scheme = Considering Scheme

3 Overview of Government Car Purchase Incentive Schemes Coverage 9 countries in West Europe 4 countries in East Europe Incentive Amount From 750 to 2,500 (with budget limitation) Timing Mostly 1 year Conditions Scrapped vehicle Purchased vehicle Car / ~ over 10 years old / 1 year ownership New Car / ~140/160g/km CO 2 Specifics Some countries include LCVs (FRA, GBR, NLD) and/or Used Cars/LCVs in their schemes (DEU, NLD)

4 European Scrapping Schemes Details Timing Incentive amount Purchased vehicle Scrapped vehicle Germany 01/09 to 2,500 New or used car (up to 12 months) / Min. Euro 4 / Private buyers only >8 years France 12/08 to 1,000 New car <161g or New LCV >10 years Italy 02/09 to 1,500 2,500 (LCV) New car <141g (131g for diesel) or LCV > 10 years and Euro 0,1 or 2 U.K. 05/09 to 03/10 ~ 2,200 New car or LCV >10 years Spain 05/09 to 05/10 2,000 (50% from OEMs) New car with purchase price up to 30,000 >10 years Portugal 12/08 to 1,250 or 1,500 New car 8 to 12 years or >12 years Netherlands 05/09 to 05/ to 1,750 New or used (<8 years) petrol car or LCV / New or used diesel car with DPF > 19 or 13 or 9 years depending on type, fuel, weight Austria 04/09 to 1,500 New car / Min. Euro 4 / Private buyers only >12 years Romania 03/09 to ~ 900 (Ron3,800) New car >10 years Limited to 60,000 units Slovakia 03/09 to 1,500 New car >10 years Czech Rep. 09/09 to 12/10 ~ 1,100 New car with purchase price up to ~ 18,800 >10 years Serbia 03/09 to 1,000 New Fiat Punto (locally built) >9 years

5 Lessons Learned From Previous Schemes An efficient measure only in the short term Allows to offset the wait and see attitude of customers in replacement / saturated markets People who can afford new cars can and do tend to delay their purchase when a crisis hits Incentives create a windfall effect: between 1994 and 1996, two plans in France immediately boosted sales with +210,000 units But net effect on sales is negligible longer term Net growth at the end of 1997 was only +13,000 units: payback effect of 197,000 units basically cancelled previous incremental sales Mostly anticipated sales but not much new car demand creation

6 Lessons Learned From Previous Schemes with some collateral damage Incremental sales do not cover overall cost Both French plans (1994 to 1996) cost 1.03bn and only brought back 39 million in incremental VAT, registration taxes, etc. In 1997, the payback effect even added 36 million in losses Discounts become the rule First scrapping measure in Italy in 1997 opened the way to normalized discount: what is the real price? Since 1997, Italy has implemented 7 scrapping schemes that represent 4.5 years of incentivized sales Segmentation trend is only altered momentarily Small segments cars are extremely appealing because they are proportionally much cheaper Small cars reached nearly 45% of French sales in the 1994/1996 period but fell back to 39% as early as 1997 (same level as 1993) Structural impact on parc is not dramatic: too short, too limited! Late 90s/early 2000s, French parc average age kept on increasing despite more than 28 months of incentive: 6.6 years in 1993, 7 in 1997, 7.7 in /2007: despite 7 schemes, Italian parc only stabilized around 7.8 years Financial impacts are negative Impact on longer customer trends is limited

7 Volume Impact on New Car Sales 14.5 WEU - Total New Passenger Car Regs (million units) m units in 2009 of which 750,000 in Germany Payback effect is diluted as some schemes run on into 2010 Net effect: +600,000 units (but with 75% from Germany) with Scrapping w/o Scrapping

8 German Scrapping Incentives ( 5bn) Estimated Effect With and Without 2009 Programme Germany - Total New Passenger Car Regs (million units) Immediate Impact: + 750,000 units in 2009 Payback Effect: - 300,000 units (-40%) owing to planned purchases pulled forward from 2010 Net effect: +450,000 units (+60%) -> Why is Germany different? with Scrapping w/o Scrapping

9 Why is Germany Different? German program incentivizes private demand only Private demand was depressed for years German New Car Reg s have stayed mostly below the long-term average for the last decade Private Demand has declined over-proportionally Age of German Car Parc grew 28% (+1.6 years) since > Now above European Average => Private Replacement Demand has been delayed year after year => Significant Pent-up demand has built up for years! Many 1 st and probably ONE-time new car buyers (typically used car buyers) as current opportunity is as good as it gets

10 Why is Germany Different? Q Intention to buy a car within the next 12 month - Germany (Balances s.a.) Q Q Q Q Q Q Q Q Q Passenger Car New Regs - Germany (Mil. units) 14% 3.8 4% 1% 3.5 0% 0% % -2% -3% % -7% % 10% 5% 0% -5% -10% -15% -90 % o/u Average TIV (units) 10-Year Average 100% New Car Regs by Type of Customer - Germany 9.0 Average Age of Passenger Car Parc (years) - Germany* % % 40% 20% 0% PRIVATE AUTO RETAIL VEHICLE PRODUCERS RENTAL FLEETS BUSINESS OTHER 2009 (1-3) WE Average years (+28%)

11 Germany: Scrapping Incentive Impact on New Car Market Structure Relative Price Advantage of fixed scrapping premium is higher the lower the base price / list price of the new car Price elasticity is higher among typical small / cheap and used car buyers => Scrapping scheme favours small, new and young used cars with relatively low base price! Small / low price car sales grow at the expense of larger and more expensive cars => strong growth in Micro and Small cars (Vol and MS%) Growth in small car sales will accelerate in 2009 Cause: Combination of model offer and price impact from scrapping incentive Decline in large car sales will accelerate in 2009 (esp. Large and Full-size MPV/SUV both Premium and Standard) Cause: Weak business demand due to a combination of poor macro (-> business climate), higher lease rates and a structural shift towards more economical cars in business fleets In 2009 Mainstream brands will gain market share at the expense of Premium/Luxury brands Reversal of above in 2010 and return to normal from 2011/12

12 Impact on Market Segment Structure Example: Germany Germany - New Car Regs by Segment (thousand units) 3,500 3,000 2, ,000 1,500 1, , ,261 1,147 1, A B+MPV-B + SUV-B C + MPV-C + SUV-C D + SUV-D E+F MPV-D/E + SUV-E Other

13 So, good or bad? Direct and immediate impact on sales GOOD Effective support to production activity supports the entire supply chain Indirect impact at more macro levels (GDP, Unemployment, social measures ) Not a nation-only matter (protectionism): German scheme is definitely also helping French and Italian brands and East European countries (plants) Green effect: mechanically improves fuel efficiency, CO2 emission Depending on country and level of incentive, can trigger new demand (Germany) BAD Payback effect on sales after schemes end Financial imbalance: expenses not offset by increased sales (VAT) Impact on selling price: list price is an illusion, bargaining becomes an ingrained behavior Some distortions in who benefits A fairly good measure for the present crisis Definitely is helping soften the 2009 slump Without compromising too much of the recovery phase Largely thanks to the German scheme ( 5bn) More generally, given the weight of the auto sector in Europe, the incentives have wider economic impact

14 Thank You! Carlos Da Silva Senior Market Analyst Automotive Analysis and Forecasting

European Scrapping Programs: Good or Bad? Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting

European Scrapping Programs: Good or Bad? Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting European Scrapping Programs: Good or Bad? Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting The Spread of Government Car Purchase Incentive Schemes Many European Governments have

More information

The German Market After the Scrapping Scheme. Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting

The German Market After the Scrapping Scheme. Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting The German Market After the Scrapping Scheme Sascha Heiden Senior Market Analyst Automotive Analysis and Forecasting The Background Following the financial crisis and its negative impact on global trade,

More information

PRESS RELEASE 10:00 GMT, 21 st March 2016 London, UK

PRESS RELEASE 10:00 GMT, 21 st March 2016 London, UK PRESS RELEASE 10:00 GMT, 21 st March 2016 London, UK EUROPEAN NEW CAR REGISTRATIONS BUOYED BY SUVs DURING FEBRUARY 2016 Records showed bumper sales during February, with 1.09 million units sold a 13.8%

More information

Q Sales and Revenues. April 22, 2009

Q Sales and Revenues. April 22, 2009 1 Q1 2009 Sales and Revenues 1 April 22, 2009 KEY HIGHLIGHTS Q1 revenues drop 24.9% in line with markets and inventory reduction policy Substantial decrease in inventories (-21.4% vs Q1-08 ) Market share

More information

Automotive Industry. Slovakia. EHSK Analysts team Peter Kellich and Andrej Krokoš. April 2017

Automotive Industry. Slovakia. EHSK Analysts team Peter Kellich and Andrej Krokoš. April 2017 Automotive Industry Slovakia EHSK Analysts team Peter Kellich and Andrej Krokoš April 2017 Overview: Automotive industry in Slovakia key facts Demand context and actual situation Trade-restrictions-related

More information

NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1. December 2018

NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1. December 2018 PRESS EMBARGO: NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1 December 2018 Commercial vehicle registrations: +3.2% in 2018; 4.0% in December Total new commercial vehicles In December 2018, commercial

More information

NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1. November 2018

NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1. November 2018 PRESS EMBARGO: NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1 November 2018 Commercial vehicle registrations: +3.8% 11 months into 2018; +2.7% in November Total new commercial vehicles In November

More information

Respect for customers, partners and staff. Service: another name for the respect that a company owes its customers, partners and staff.

Respect for customers, partners and staff. Service: another name for the respect that a company owes its customers, partners and staff. Respect for customers, partners and staff Service: another name for the respect that a company owes its customers, partners and staff. Vehicle glass KEY FIGURES (in EUR million) 2004 2003 % change Total

More information

Operational Leasing in Russia Datamonitor Jugoslav Stojanov, Senior Analyst, Automotive, Datamonitor plc

Operational Leasing in Russia Datamonitor Jugoslav Stojanov, Senior Analyst, Automotive, Datamonitor plc 1 Emerging Markets in the European Fleet Arena: Template last updated 21.04.05 Operational Leasing in Russia Jugoslav Stojanov, Senior Analyst, Automotive, Datamonitor plc 2 Operational Leasing in Russia

More information

Sectoral Profile - Services

Sectoral Profile - Services Sectoral Profile - Services Energy consumption Changes in energy consumption and value added in services Since 2008 strong contraction of total energy consumption (-0.3%/year) although electricity consumption

More information

DAILY TRAVEL AND CO 2 EMISSIONS FROM PASSENGER TRANSPORT: A COMPARISON OF GERMANY AND THE UNITED STATES

DAILY TRAVEL AND CO 2 EMISSIONS FROM PASSENGER TRANSPORT: A COMPARISON OF GERMANY AND THE UNITED STATES DAILY TRAVEL AND CO 2 EMISSIONS FROM PASSENGER TRANSPORT: A COMPARISON OF GERMANY AND THE UNITED STATES Ralph Buehler, Associate Professor, Virginia Tech, Alexandria, VA Supported by American Institute

More information

PRESS RELEASE 14:00 GMT, 19 th January 2017 London, UK

PRESS RELEASE 14:00 GMT, 19 th January 2017 London, UK PRESS RELEASE 14:00 GMT, 19 th January 2017 London, UK SUV REGISTRATIONS SET A RECORD: ACCOUNTING FOR 1 IN 4 CARS SOLD IN EUROPE IN 2016 European car registration volume at second-highest point since 2007

More information

ACEA Report. Vehicles in use Europe 2017

ACEA Report. Vehicles in use Europe 2017 ACEA Report Vehicles in use Europe 2017 TABLE OF CONTENTS Summary... 2 Vehicles in use in Europe... 3 Passenger cars... 3 Light commercial vehicles... 4 Medium and heavy commercial vehicles... 5 Buses...

More information

PRESS RELEASE 8:00 GMT, 17 th December 2015 London, UK

PRESS RELEASE 8:00 GMT, 17 th December 2015 London, UK PRESS RELEASE 8:00 GMT, 17 th December 2015 London, UK EUROPEAN NEW-CAR REGISTRATIONS POSTED SECOND HIGHEST MONTHLY INCREASE THIS YEAR DURING NOVEMBER November new-car registrations were up by 13.5% to

More information

P r e s s R e l e a s e. June 2007

P r e s s R e l e a s e. June 2007 PRESS EMBARGO FOR ALL DATA: 26 July 27, 8. A.M. (6. A.M. GMT) P r e s s NEW COMMERCIAL VEHICLE REGISTRATIONS June 27 European Union + EFTA Countries LCVs up to 3.5t Heavy Trucks over 16t 25, 3, 2, 15,

More information

ACEA Report. Vehicles in use Europe 2018

ACEA Report. Vehicles in use Europe 2018 ACEA Report Vehicles in use Europe 2018 TABLE OF CONTENTS Summary... 2 Vehicles in use in Europe... 3 Passenger cars... 3 Light commercial vehicles... 4 Medium and heavy commercial vehicles... 5 Buses...

More information

Used Vehicle Supply: Future Outlook and the Impact on Used Vehicle Prices

Used Vehicle Supply: Future Outlook and the Impact on Used Vehicle Prices Used Vehicle Supply: Future Outlook and the Impact on Used Vehicle Prices AT A GLANCE When to expect an increase in used supply Recent trends in new vehicle sales Changes in used supply by vehicle segment

More information

NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1 February 2018

NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1 February 2018 PRESS EMBARGO: NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1 February 2018 Next press release: Tuesday 24 April 2018 1 Malta not available Page 1 of 7 Commercial vehicle registrations: +6.5% first

More information

BREXIT AND THE AUTO INDUSTRY: FACTS AND FIGURES

BREXIT AND THE AUTO INDUSTRY: FACTS AND FIGURES BREXIT AND THE AUTO INDUSTRY: FACTS AND FIGURES GLOBAL TRADE European Union EU vehicle imports: Total value: 45,693 million Quantity: 3,395,419 units EU vehicle exports: Total value: 135,398 million Quantity:

More information

NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1. October 2016

NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1. October 2016 PRESS EMBARGO: NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1 October 2016 Next press release: Thursday 22 December 2016 1 Data for Malta unavailable Page 1 of 7 Commercial vehicle registrations:

More information

PRESS RELEASE 9:30 GMT, 26 th February 2018 London, UK

PRESS RELEASE 9:30 GMT, 26 th February 2018 London, UK PRESS RELEASE 9:30 GMT, 26 th February 2018 London, UK EUROPEAN CAR REGISTRATIONS INCREASED BY 7.1% IN JANUARY 2018, BUT CONSUMERS CONTINUED TO SHUN DIESEL VEHICLES European car registrations increased

More information

BREXIT AND THE AUTO INDUSTRY: FACTS AND FIGURES

BREXIT AND THE AUTO INDUSTRY: FACTS AND FIGURES BREXIT AND THE AUTO INDUSTRY: FACTS AND FIGURES GLOBAL TRADE European Union EU vehicle imports: Total value: 48,019 million Quantity: 3,640,975 units EU vehicle exports: Total value: 138,536 million Quantity:

More information

NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1. April 2017

NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1. April 2017 PRESS EMBARGO: NEW COMMERCIAL VEHICLE REGISTRATIONS EUROPEAN UNION 1 April 2017 Next press release: Friday 23 June 2017 1 Data for Malta unavailable Page 1 of 7 Commercial vehicle registrations: +3.8%

More information

PRESS RELEASE 00:01 GMT, 1 st March 2016 London, UK

PRESS RELEASE 00:01 GMT, 1 st March 2016 London, UK PRESS RELEASE 00:01 GMT, 1 st March 2016 London, UK PEUGEOT LEADS THE VOLUME BRANDS IN EUROPE AS AVERAGE NEW CAR CO 2 EMISSIONS CONTINUE TO FALL Peugeot climbs one place to claim the lowest average CO

More information

Hot and Cold Spots of the Future LCV Sector. Philipp Rosengarten Senior Market Analyst, Light Trucks

Hot and Cold Spots of the Future LCV Sector. Philipp Rosengarten Senior Market Analyst, Light Trucks Hot and Cold Spots of the Future LCV Sector Philipp Rosengarten Senior Market Analyst, Light Trucks Presentation Outline Topic: Hot and Cold Spots of the Future LCV Sector Focus: Light Commercial Vehicles

More information

PRESS RELEASE 9:30 BST, 25 th October 2017 London, UK

PRESS RELEASE 9:30 BST, 25 th October 2017 London, UK PRESS RELEASE 9:30 BST, 25 th October 2017 London, UK BREXIT BEGINS TO IMPACT EUROPE AS REGISTRATIONS FOR THE REGION DECREASE BY 2.2% IN SEPTEMBER European car registrations fell by 2.2% for September

More information

The Growth of UK Motor Finance. Richard Jones Managing Director Black Horse, Lloyds Banking Group. 8 April 2016

The Growth of UK Motor Finance. Richard Jones Managing Director Black Horse, Lloyds Banking Group. 8 April 2016 The Growth of UK Motor Finance Richard Jones Managing Director Black Horse, Lloyds Banking Group 8 April 2016 ABOUT BLACK HORSE Introduction Overview Market Position Key Partners UK market leading non-captive

More information

PRESS RELEASE 13:00 BST, 25 th August 2016 London, UK

PRESS RELEASE 13:00 BST, 25 th August 2016 London, UK PRESS RELEASE 13:00 BST, 25 th August 2016 London, UK EUROPEAN CAR REGISTRATIONS IN JULY FELL FOR THE FIRST TIME IN 34 MONTHS New car registrations dropped by 2.3% in July compared to the same period last

More information

Economic and Market Report. EU Automobile Industry

Economic and Market Report. EU Automobile Industry Economic and Market Report EU Automobile Industry September 2015 Q2 2015 CONTENTS EU Economic Outlook... 2 Passenger cars... 4 Registrations... 4 World... 4 The European Union... 6 Production... 8 World...

More information

Renault heads the volume brands in Europe as average new car CO 2 emissions continue to fall

Renault heads the volume brands in Europe as average new car CO 2 emissions continue to fall 4 th March 2014 Renault heads the volume brands in Europe as average new car CO 2 emissions continue to fall Renault climbs two places to claim the lowest average CO 2 emissions among volume brands in

More information

PRESS RELEASE 9:30 GMT, 30 th July 2018 London, UK

PRESS RELEASE 9:30 GMT, 30 th July 2018 London, UK PRESS RELEASE 9:30 GMT, 30 th July 2018 London, UK EUROPEAN CAR MARKET REGISTERS BEST H1 PERFORMANCE OF THE CENTURY, AS SUVS CONTINUE TO DRIVE GROWTH 8.66 million cars were registered between January and

More information

Monitoring the CO 2 emissions from new passenger cars in the EU: summary of data for 2010

Monitoring the CO 2 emissions from new passenger cars in the EU: summary of data for 2010 Monitoring the CO 2 emissions from new passenger cars in the EU: summary of data for 2010 EXECUTIVE SUMMARY EEA has collected data submitted by Member States on vehicle registrations in the year 2010,

More information

Beyond overcapacity: the new rules of the European automobile game

Beyond overcapacity: the new rules of the European automobile game Transnational strategies in the automotive industry workshop Centre for Innovation Management Research (CIMR) Birkbeck, University of London 6th February 215 Beyond overcapacity: the new rules of the European

More information

PRESS RELEASE 9:30 GMT, 22 nd March 2018 London, UK

PRESS RELEASE 9:30 GMT, 22 nd March 2018 London, UK PRESS RELEASE 9:30 GMT, 22 nd March 2018 London, UK EUROPEAN CAR REGISTRATIONS INCREASED BY 4.2% IN FEBRUARY 2018 AS SUVS CONTINUED TO LEAD MARKET European car registrations increased by 4.2% to 1.16 million,

More information

June EU Countries NEW COMMERCIAL VEHICLE REGISTRATIONS. PRESS EMBARGO FOR ALL DATA: July 26, 2012, 8.00 A.M. (6.00 A.M. GMT) LCVs up to 3.

June EU Countries NEW COMMERCIAL VEHICLE REGISTRATIONS. PRESS EMBARGO FOR ALL DATA: July 26, 2012, 8.00 A.M. (6.00 A.M. GMT) LCVs up to 3. PRESS EMBARGO FOR ALL DATA: y 26, 212, 8. A.M. (6. A.M. GMT) Press s Release e e NEW COMMERCIAL VEHICLE REGISTRATIONS e 212 EU Countries 15, LCVs up to 3.5t 2, Heavy Trucks over 16t New Regis strations

More information

European Car and Light Commercial Vehicle Production Outlook

European Car and Light Commercial Vehicle Production Outlook Limited Edition: FREE copy European Car and Light Commercial Vehicle Production Outlook Produced and written by AutoAnalysis September 2010 For the full detailed analysis report, please click here The

More information

Green economic taxes in Finland and their impacts

Green economic taxes in Finland and their impacts Green economic taxes in Finland and their impacts PhD Saara Tamminen Leading specialist, Climate Solutions, Sitra 4.9.2018 Finnish emission have fell in comparison to old estimates with current policy

More information

PRESS RELEASE 13:30 BST, 27 th February 2019 London, UK

PRESS RELEASE 13:30 BST, 27 th February 2019 London, UK PRESS RELEASE 13:30 BST, 27 th February 2019 London, UK EUROPEAN CAR MARKET SEES FIFTH CONSECUTIVE MONTH OF DECLINE IN JANUARY 2019, BUT STILL RECORDS SECOND HIGHEST JANUARY VOLUME OF THE LAST 10 YEARS

More information

How Old Cars And New Solutions Will Impact Our Industry

How Old Cars And New Solutions Will Impact Our Industry How Old Cars And New Solutions Will Impact Our Industry New Car Market Trends Watch the Used Car Market Tariffs and Other Concerns The Evolution of Mobility 1 2018 MID-YEAR REVIEW TRANSFORMING THE WAY

More information

PRESS RELEASE 9:30 BST, 23 September 2016 London, UK

PRESS RELEASE 9:30 BST, 23 September 2016 London, UK PRESS RELEASE 9:30 BST, 23 September 2016 London, UK EUROPEAN CAR REGISTRATIONS RETURNED TO POSITIVE GROWTH WITH A 9.3% INCREASE IN AUGUST 2016 The growth can be attributed to double-digit increases in

More information

2016 FLEET BAROMETER. International report

2016 FLEET BAROMETER. International report 1 2016 FLEET BAROMETER International report 2 Table of content I CHARACTERISTICS OF THE FLEET p.21 II FINANCING p.53 III TELEMATICS & MOBILE APPLICATIONS p.70 IV SAFETY p.88 V AUTONOMOUS DRIVING CAR p.92

More information

LEATHER MARKET ST QUARTER SINTESI. Economic Department

LEATHER MARKET ST QUARTER SINTESI. Economic Department LEATHER MARKET OVERVIEW Economic Department 2016 1 ST QUARTER SINTESI PRICES RAW MATERIAL Despite very diversified trends across markets and animal types, the weighted price indexes for raw bovines showed

More information

PRESS RELEASE 9:30 BST, 24 th May 2017 London, UK

PRESS RELEASE 9:30 BST, 24 th May 2017 London, UK PRESS RELEASE 9:30 BST, 24 th May 2017 London, UK EUROPEAN CAR REGISTRATIONS DECREASE BY 7.1% IN APRIL 2017, AS DIESEL LOSES ITS DOMINANCE European car registrations totalled 1.22 million units in April

More information

June EU Countries NEW COMMERCIAL VEHICLE REGISTRATIONS. PRESS EMBARGO FOR ALL DATA: July 26, 2013, 8.00 A.M. (6.00 A.M. GMT)

June EU Countries NEW COMMERCIAL VEHICLE REGISTRATIONS. PRESS EMBARGO FOR ALL DATA: July 26, 2013, 8.00 A.M. (6.00 A.M. GMT) PRESS EMBARGO FOR ALL DATA: y 26, 213, 8. A.M. (6. A.M. GMT) Press s Release e e NEW COMMERCIAL VEHICLE REGISTRATIONS e 213 EU Countries 15, LCVs up to 3.5t 2, Heavy Trucks of 16t and over ons New Registrati

More information

The Light Commercial Vehicle Surge in Europe When Will the Tide Break? Grischa Meyer Market Analyst, Light Commercial Vehicles

The Light Commercial Vehicle Surge in Europe When Will the Tide Break? Grischa Meyer Market Analyst, Light Commercial Vehicles The Light Commercial Vehicle Surge in Europe When Will the Tide Break? Grischa Meyer Market Analyst, Light Commercial Vehicles Presentation Outline Focus: Light Commercial Vehicles (LCVs) up to 6t GVW

More information

Automotive industry: The world is growing in line with its main markets, China and the United States, while Europe continues its decline in 2013

Automotive industry: The world is growing in line with its main markets, China and the United States, while Europe continues its decline in 2013 Automotive industry: The world is growing in line with its main markets, China and the United States, while Europe continues its decline in 2013 Yann Lacroix Sector Research 08-28-2013 Contents 1 The worldwide

More information

GLOBAL AUTOMOBILE BUMPY ROAD AHEAD

GLOBAL AUTOMOBILE BUMPY ROAD AHEAD GLOBAL AUTOMOBILE BUMPY ROAD AHEAD WEBINAR Allianz Research/ Maxime Lemerle Paris / September 2018, 25th Copyright Allianz EXECTIVE SUMMARY 01 THE AUTOMOTIVE MARKET IS SET TO GROW BY +3.0% IN 2018 COMPARED

More information

The IAM in Pre-Selection of global automotive trends impacting the independent multi-brand aftermarket

The IAM in Pre-Selection of global automotive trends impacting the independent multi-brand aftermarket The IAM in 2030 Pre-Selection of global automotive trends impacting the independent multi-brand aftermarket 10th of June 2016 The automotive aftermarket is based on a highly complex value chain with a

More information

PRESS RELEASE 13:00 GMT, 19 th December 2017 London, UK

PRESS RELEASE 13:00 GMT, 19 th December 2017 London, UK PRESS RELEASE 13:00 GMT, 19 th December 2017 London, UK EUROPEAN CAR REGISTRATIONS INCREASED BY 5.2% IN NOVEMBER, AS SUVs POSTED RECORD MARKET SHARE European car registrations increased by 5.2%, with a

More information

Energy efficiency policies and measures in transport in the EU 27, Norway and Croatia

Energy efficiency policies and measures in transport in the EU 27, Norway and Croatia ODYSSEE MURE Final Meeting Paris, May 18-19 2009 Energy efficiency policies and measures in transport in the EU 27, Norway and Croatia B Lapillonne Karine Pollier Enerdata Content Overview of measures:

More information

NEW PASSENGER CAR REGISTRATIONS BY FUEL TYPE IN THE EUROPEAN UNION 1

NEW PASSENGER CAR REGISTRATIONS BY FUEL TYPE IN THE EUROPEAN UNION 1 PRESS EMBARGO: NEW PASSENGER CAR REGISTRATIONS BY FUEL TYPE IN THE EUROPEAN UNION 1 Quarter 3 2018 Fuel types of new cars: diesel 18.2%, petrol +15.2%, electric +30.0% in third quarter of 2018 In the third

More information

Passenger cars in the EU

Passenger cars in the EU Passenger cars in the EU Statistics Explained Data extracted in April 2018 Planned article update: April 2019 This article describes developments in passenger car stocks and new registrations in the European

More information

Central and Eastern Europe and the Financial Crisis: The Impact on the Banking Sector and the Leasing Market

Central and Eastern Europe and the Financial Crisis: The Impact on the Banking Sector and the Leasing Market Central and Eastern Europe and the Financial Crisis: The Impact on the Banking Sector and the Leasing Market Rainer Münz Erste Group Bank, Research & Development LEASEUROPE CESEE Seminar-2010, Budapest,

More information

PRESS RELEASE 09:00 GMT, 6 th March 2018 London, UK

PRESS RELEASE 09:00 GMT, 6 th March 2018 London, UK PRESS RELEASE 09:00 GMT, 6 th March 2018 London, UK CO 2 EMISSIONS RISE FOR THE FIRST TIME IN A DECADE IN EUROPE, AS THE MARKET TURNS ITS BACK ON DIESEL VEHICLES AND SUV REGISTRATIONS RISE Average CO 2

More information

Deutsche Konjunktur 2012

Deutsche Konjunktur 2012 Frankfurt/M., 25 Januar Deutsche Konjunktur Stefan Kooths Forecasting Center, Office Berlin GDP: Moderate expansion ahead 114 25=1 QoQ annualized growth rate Level (chain index) + 2.9 +.5 + 1.7 1 112 5

More information

Retreading in Europe. Tim van der Rijken Secretary General of BIPAVER

Retreading in Europe. Tim van der Rijken Secretary General of BIPAVER Retreading in Europe Tim van der Rijken Secretary General of BIPAVER Contents The general situation of retreading in Europe Socio-economic impact Market developments Anti-dumping investigation Regulatory

More information

PRESS RELEASE 9:30 BST, 27 th April 2017 London, UK

PRESS RELEASE 9:30 BST, 27 th April 2017 London, UK PRESS RELEASE 9:30 BST, 27 th April 2017 London, UK VOLKSWAGEN GOLF LOSES ITS POSITION AS EUROPE S BEST-SELLING CAR, AS EUROPEAN CAR REGISTRATIONS INCREASE BY 10.8% IN MARCH 2017 European car registrations

More information

CARS 2020 Working Group Clean Vehicles: Electromobility and alternative fuels. 27 May 2013

CARS 2020 Working Group Clean Vehicles: Electromobility and alternative fuels. 27 May 2013 CARS 2020 Working Group Clean Vehicles: Electromobility and alternative fuels 27 May 2013 About Leaseurope The voice of leasing and automotive rental in Europe It brings together 47 Member Associations

More information

Anna-Marie Baisden BMI Research Head of Autos Analysis

Anna-Marie Baisden BMI Research Head of Autos Analysis Global Macro & Autos Outlook Anna-Marie Baisden BMI Research Head of Autos Analysis Agenda Global macro and autos outlook Key trends driving global autos sector Turkey autos outlook Turkey s part in global

More information

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First

I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group First CONFERENCE CALL 2009 1 st HALF RESULTS Good afternoon and welcome to everybody. I remind you that our presentation is available on our website. We can start from the first 2 slides that show Piaggio Group

More information

Autumn 2015 Economic Forecast: Moderate recovery despite challenges

Autumn 2015 Economic Forecast: Moderate recovery despite challenges European Commission - Press release Autumn 2015 Economic Forecast: Moderate recovery despite challenges Brussels, 5 November 2015 The economic recovery in the euro area and the European Union as a whole

More information

Automotive Market: Where Do We Go From Here?

Automotive Market: Where Do We Go From Here? Automotive Market: Where Do We Go From Here? June, 3 rd 211 Federal Reserve Bank of Chicago Eighteenth Annual Automotive Outlook Symposium Jeff Schuster Executive Director, Forecasting and Analysis jeff.schuster@jdpa.com

More information

Auto incentives and consumer spending on vehicles. Ted Chu, Senior Economist General Motors Corporation June 3, 2004

Auto incentives and consumer spending on vehicles. Ted Chu, Senior Economist General Motors Corporation June 3, 2004 Auto incentives and consumer spending on vehicles Ted Chu, Senior Economist General Motors Corporation June 3, 2004 Agenda Incentive pressures and consumer affordability Dept of Commerce Bureau of Economic

More information

The Russian building market

The Russian building market The Russian building market Despite remaining in recession, the Russian economy began to show the first signs of improvement in 2016 (GDP -0.6% following the sharp -3.7% downturn in 2015). According to

More information

AUTOGAS A GLOBAL OVERVIEW. Michael Treloar Elaflex Pacific Pty Ltd APFI Forum 6 th September th September 2018

AUTOGAS A GLOBAL OVERVIEW. Michael Treloar Elaflex Pacific Pty Ltd APFI Forum 6 th September th September 2018 A GLOBAL OVERVIEW Michael Treloar Elaflex Pacific Pty Ltd APFI Forum 6 th September 2018 6 th September 2018 INTRODUCING 2 Elaflex Pacific Pty Ltd / 6 th September 2018 AGENDA AutoGas Demand Current global

More information

Future of Mobility and Role of E-mobility for Future Sustainable Transport. Petr Dolejší Director Mobility and Sustainable Transport

Future of Mobility and Role of E-mobility for Future Sustainable Transport. Petr Dolejší Director Mobility and Sustainable Transport Future of Mobility and Role of E-mobility for Future Sustainable Transport Petr Dolejší Director Mobility and Sustainable Transport ACEA MEMBERS 3 KEY FIGURES ABOUT THE INDUSTRY 12.1 million direct and

More information

Interim results June 30, 2003

Interim results June 30, 2003 1 Interim results June 30, 2003 2 In units W orldwide sales at June 30 (cars and light commercial vehicles) > Worldwide sales at June 30, 2003: 1,689,200 cars and light commercial vehicles, versus 1,656,900

More information

NEW-GENERATION ELECTRIC VEHICLES

NEW-GENERATION ELECTRIC VEHICLES NEW-GENERATION ELECTRIC VEHICLES Executive Project Manager E-CMP : Electric Modular Platform TRENDS BEHIND OUR STRATEGY AN ENERGY TRANSITION INTENDED TO REDUCE GREENHOUSE GAS EMISSIONS CHINA: The 2nd biggest

More information

PRESS RELEASE 9:30 GMT, 26 th June 2018 London, UK

PRESS RELEASE 9:30 GMT, 26 th June 2018 London, UK PRESS RELEASE 9:30 GMT, 26 th June 2018 London, UK SMALL SUVS CONTINUE TO GAIN TRACTION AS EUROPEAN REGISTRATIONS REMAIN STABLE IN MAY 2018 Growth of European car registrations was limited, at 0.5%, but

More information

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3)

FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS. New Mazda Axela (Overseas name: New Mazda3) FISCAL YEAR MARCH 2014 FIRST HALF FINANCIAL RESULTS New Mazda Axela (Overseas name: New Mazda3) Mazda Motor Corporation October 31, 2013 1 PRESENTATION OUTLINE Highlights Fiscal Year March 2014 First Half

More information

Third Quarter Report January 1 to September 30, 2008

Third Quarter Report January 1 to September 30, 2008 Third Quarter Report 2008 January 1 to September 30, 2008 Page 2 Third Quarter Report 2008 Audi Group maintains successful course in the third quarter Economic development The global economy saw its growth

More information

1. INTERNATIONAL OVERVIEW. 1.0 Area and population. population (1,000) area

1. INTERNATIONAL OVERVIEW. 1.0 Area and population. population (1,000) area 1.0 Area and population area population (1,000) km 2 2000 2010 2018 1 inhabitants per km 2 Belgium 30,530 10,251 10,920 11,443 375 Germany 357,380 82,212 81,777 82,952 232 Estonia 45,230 1,397 1,331 1,315

More information

Diesel % Market Share

Diesel % Market Share PCWG-P-03-023 The AA Motoring Trust: Incentives for a Low Carbon UK Car Fleet The move towards a Low Carbon cars in the UK is both feasible and very worthwhile: it will though need positive and effective

More information

Business Models that Capture the Indirect Value of EV Charging Services

Business Models that Capture the Indirect Value of EV Charging Services February 2, 2015 Business Models that Capture the Indirect Value of EV Charging Services Nick Nigro 2015 Energy Policy Outlook Conference About Center for Climate and Energy Solutions Independent, nonpartisan,

More information

NEW ALTERNATIVE FUEL VEHICLE REGISTRATIONS IN THE EUROPEAN UNION 1 Q2 2015

NEW ALTERNATIVE FUEL VEHICLE REGISTRATIONS IN THE EUROPEAN UNION 1 Q2 2015 NEW ALTERNATIVE FUEL VEHICLE REGISTRATIONS IN THE Q2 2015 New alternative fuel vehicle (AFV) registrations in the EU by engine type Q2 2014 Q2 2015 Thousand units 70 60 50 40 30 20 10 0 EVs HEVs AFVs other

More information

FOCUS ON ITALY: HYBRID VEHICLES FY2015 MARKET OVERVIEW. Analysis completed: January All Rights Reserved JATO Dynamics Ltd 1

FOCUS ON ITALY: HYBRID VEHICLES FY2015 MARKET OVERVIEW. Analysis completed: January All Rights Reserved JATO Dynamics Ltd 1 FOCUS ON ITALY: HYBRID VEHICLES FY2015 MARKET OVERVIEW Analysis completed: January 2016 All Rights Reserved JATO Dynamics Ltd 1 INTRODUCTION The progression of the Italian market for hybrid vehicles is

More information

Intelligent Mobility and Voice of Customer. Kaushik Madhavan Director, Automotive & Transportation MENASA

Intelligent Mobility and Voice of Customer. Kaushik Madhavan Director, Automotive & Transportation MENASA Intelligent Mobility and Voice of Customer Kaushik Madhavan Director, Automotive & Transportation MENASA Agenda and Table of Contents Intelligent Mobility What is Intelligent Mobility? Scope and Role of

More information

CO2 BASED MOTOR VEHICLE TAXES IN THE EU

CO2 BASED MOTOR VEHICLE TAXES IN THE EU CO2 BASED MOTOR VEHICLE TAXES IN THE EU AUSTRIA A deduction of VAT is applicable for zero CO2 emission passenger cars. Fuel consumption/pollution tax (Normverbrauchsabgabe or NoVA) is levied on the purchase

More information

OECD unemployment rate down to 6.5% in January 2016

OECD unemployment rate down to 6.5% in January 2016 OECD unemployment rate down to 6.% in January 2016 The OECD unemployment rate fell by 0.1 percentage point to 6.% in January 2016, 1.6 percentage points below the January 2013 peak. Across the OECD area,

More information

Increase of the sales by 33% mainly due to the Safelite acquisition

Increase of the sales by 33% mainly due to the Safelite acquisition 36 - Vehicle Glass Repair and Replacement Increase of the sales by 33% mainly due to the Safelite acquisition 37 Key events in Vehicle Glass Repair and Replacement January 2007 The launch in the UK of

More information

MARKET UPDATE & ECONOMIC OUTLOOK

MARKET UPDATE & ECONOMIC OUTLOOK MARKET UPDATE & ECONOMIC OUTLOOK Economic Expansion Accelerates For the Moment Growth surged in Q2 from average 2.1% pace over prior 14 quarters; best quarter since 2014 10.0 Real Gross Domestic Product

More information

ALG July/August 2011 Edition Report

ALG July/August 2011 Edition Report ALG July/August 2011 Edition Report ALG July/August 2011 Edition Report Introduction: For the July/August 2011 edition, ALG has updated both gas price and used supply outlook to reflect the latest available

More information

ENG Vehicle Remarketing Summit Eric Lacouture, 24 th January 2017, Berlin

ENG Vehicle Remarketing Summit Eric Lacouture, 24 th January 2017, Berlin ENG Vehicle Remarketing Summit Eric Lacouture, 24 th January 2017, Berlin A SAFE WORLD THE GLOBAL PARTNER PROVIDING PERFORMANCE FOR THE AUTOMOTIVE DISTRIBUTION CHAIN. Slide 1 DEKRA Automotive Solutions

More information

The Russian Automotive Industry in 2009 and Beyond. Vassil Stavrev Senior Market Analyst

The Russian Automotive Industry in 2009 and Beyond. Vassil Stavrev Senior Market Analyst The Russian Automotive Industry in 29 and Beyond Vassil Stavrev Senior Market Analyst Presentation Structure Evolution of Forecast Car Parc and Density Long-term Market Forecast Market and Industry Framework

More information

Production Outlook and Economic Forecast

Production Outlook and Economic Forecast Production Outlook and Economic Forecast Yung Tran, Head of Member Services and Business Improvement, SMMT Robert Baker, Chief Economist, SMMT Ian Henry, Director, AutoAnalysis 14 February 2013 SOCIETY

More information

International Economic Outlook Impact on Global Shipping. International Propeller Club Convention Tampa, FL

International Economic Outlook Impact on Global Shipping. International Propeller Club Convention Tampa, FL International Economic Outlook Impact on Global Shipping International Propeller Club Convention Tampa, FL Captain John W. Murray October 7, 2010 Hapag-Lloyd The Company Headquarters in Hamburg, Germany

More information

Central America and Caribbean Volume Source in the Shadow

Central America and Caribbean Volume Source in the Shadow Automotive Central America and Caribbean Volume Source in the Shadow Diego Portillo Mazal Senior Market Analyst, Latin America Detroit, October 8, 2003 Central American and Caribbean Have Largely Been

More information

Greening transport taxation

Greening transport taxation Greening transport taxation Jos Dings GBE conference, Budapest, 8 July 2010 www.transportenvironment.org A ranking of transport tax anomalies 1 Tax free aviation 2 Private benefits of company cars 3 Europe

More information

February Annual Results February 13, 2008

February Annual Results February 13, 2008 February 2008 1 Annual Results February 13, 2008 AGENDA AGENDA 2007 Highlights 2007 Financial Results x Competitiveness Sales and products dynamic International 2008 Outlook February 2008 2 2007: performance

More information

Review of Operations 6.1% 12.3% 13.4% 72.0% 2.3% page 13. page 19. page 16. page 21. Power Product and Other Businesses. Automobile Business

Review of Operations 6.1% 12.3% 13.4% 72.0% 2.3% page 13. page 19. page 16. page 21. Power Product and Other Businesses. Automobile Business 2 Review of Operations Motorcycle Business page 3 Automobile Business page 6 Power Product and Other Businesses page 9 Financial Services Business page 2 Sales Revenue (millions) External customers,76,65

More information

The Global Car Rental Market To 2018

The Global Car Rental Market To 2018 The Global Car Rental Market To 2018 Report Code: TT0203MR Publication Date: December 2014 www.tourism-ic.com John Carpenter House 7 Carmelite Street London EC4Y 0BS United Kingdom Tel: +44 (0)20 7936

More information

NEW PASSENGER CAR REGISTRATIONS BY ALTERNATIVE FUEL TYPE IN THE EUROPEAN UNION 1 Quarter

NEW PASSENGER CAR REGISTRATIONS BY ALTERNATIVE FUEL TYPE IN THE EUROPEAN UNION 1 Quarter PRESS EMBARGO: NEW PASSENGER CAR REGISTRATIONS BY ALTERNATIVE FUEL TYPE IN THE EUROPEAN UNION 1 Quarter 2 2016 Alternative fuel vehicle registrations: +0.6% in second quarter of 2016 In the second quarter

More information

Paris Tuesday, April 1, Europcar Groupe 2007 Annual Results

Paris Tuesday, April 1, Europcar Groupe 2007 Annual Results Paris Tuesday, April 1, 2008 Europcar Groupe 2007 Annual Results Speakers Salvatore Catania Chief Executive Officer, Europcar Groupe Charles Desmartis Chief Financial Officer, Europcar Groupe 1 Europcar

More information

NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION *

NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION * PRESS EMBARGO: 8.00 AM (7.00 AM GMT), 17 November 2015 NEW PASSENGER CAR REGISTRATIONS EUROPEAN UNION * Passenger car registrations: +8.2% over ten months; +2.9% in In 2015, the EU passenger car market

More information

TAXATION N 322 JC/ 49 /14 LC/ 39 /14 BARS/ 25 /14 WG-TX/ 2 /14 WG-CO2/ 23 /14 WG-EV/ 4 /14 WG-CSG/ 10 /14

TAXATION N 322 JC/ 49 /14 LC/ 39 /14 BARS/ 25 /14 WG-TX/ 2 /14 WG-CO2/ 23 /14 WG-EV/ 4 /14 WG-CSG/ 10 /14 Brussels, 3 April 2014 TAXATION N 322 JC/ 49 /14 LC/ 39 /14 BARS/ 25 /14 WG-TX/ 2 /14 WG-CO2/ 23 /14 WG-EV/ 4 /14 WG-CSG/ 10 /14 Subject: Overview of C2 taxes and incentives for EVs Dear colleagues, Please

More information

Automotive Industry Review Dennis DesRosiers March 8, 2011

Automotive Industry Review Dennis DesRosiers March 8, 2011 Automotive Industry Review Dennis DesRosiers March 8, 2011 1 Forecasting the North American Market requires two separate Analysis First, is to calculate structural demand or as some may call it Long Term

More information

PRESS RELEASE 9:30 GMT, 23 rd May 2018 London, UK

PRESS RELEASE 9:30 GMT, 23 rd May 2018 London, UK PRESS RELEASE 9:30 GMT, 23 rd May 2018 London, UK EUROPEAN CAR REGISTRATIONS UP BY 9.0% TO 1.34 MILLION, WHILE GROWTH RETURNS TO UK MARKET Best April performance since 2008 and the highest monthly increase

More information

Fresh Connections: Netherlands

Fresh Connections: Netherlands Fresh Connections: Netherlands SHIFTING TRADE WINDS: GEOPOLITICS, GLOBAL TRADE & YOU JULIEN MARCILLY CHIEF ECONOMIST APRIL 29, 215 Oil prices: Lower for longer 14 Oil price (Brent, source: OPEC) 12 Oil

More information

H LEASE MARKET REPORT

H LEASE MARKET REPORT H1 2016 LEASE MARKET REPORT 2016 All Rights Reserved Record Lease Volume in H1 2.2M 1.6M 1.8M 1.9M 1.1M 1.2M Executive Summary H1 2011 H1 2012 H1 2013 H1 2014 H1 2015 H1 2016 Key Takeaways. Lease Volume

More information

Indian Automotive Industry. An Opportunity

Indian Automotive Industry. An Opportunity Indian Automotive Industry An Opportunity PRESENTATION BY MR. DEEP KAPURIA CMD, HI-TECH GEARS LTD. TO VDA (Verband der Automobilindustrie), FRANKFURT ON JUNE 16, 2005 Agenda India : An Overview Accelerated

More information