How the world sees Greece
Car registrations grew 20.1% in August to a total 7,039 vehicles (new and used vehicles), up from 5,862 in August 2014 (in passenger cars the increase was 25.8 pct), the Hellenic Statistical Authority said on Wednesday. The statistics service, in a report, said that car registrations were up 20.8% in August 2014 (23.1% up in passenger
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Concerns over unemployment and Greece's debt saga have put the brakes on car sales in the European Union. Those sales have risen steadily since 2013 but lately they have done so at a slower pace.
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More than eighteen automotive companies operating in the Greek market recorded a sales increase during the first quarter of 2015. A partial list of the companies that saw a sales increase in the first quarter of the year includes: Peugeot 485,3%, Smart 225%, Lexus 184,6%, Land Rover 137,5%, Porsche 150%, Kia Motors 73%, Mini 63, 7%, Audi 34,1%, Renault 27,1%, VW 22,5%, Volvo 18,6%, Mercedes 17,1%, Nissan 13,4%, Toyota 12,9%, Citroen 12,8%, BMW 10,7%, Suzuki 10,1%, and Ford 5,6%. The brands that faced a significant decrease in profits are: Subaru 73,7%, Lancia 73,6%, Alfa Romeo 46,3%, Chevrolet 46,1%, Abarth 30,8%, Fiat 30,2%, Skoda 16,5%, Honda 16,2%, Dacia 14,6%, Seat 12,3%, Hyundai 3,5%, Mitsubishi 2,8%, and Opel 2,3%. According to official data released by Greece’s Association of Motor Vehicles Importers Representatives (AMVIR), the upward trend in the first quarter of 2015 reached 13.7% compared to the same period last year. 25,072 new passenger cars were sold in the first quarter of this year in comparison with the first three months of 2014, when 22,046 new passenger cars were sold. Source: ANA-MPA
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FRANKFURT (Reuters) - Car sales in Europe rose 1.8 percent in August with volume makers Volkswagen , Ford and Opel benefiting from improved demand in Spain, Portugal and Ireland, while premium makers lost ground due to a drop in sales in Germany.New passenger car registrations in the European Union (EU) and the countries of the European Free Trade Area (EFTA) rose to 701,118 vehicles in August, from 688,464 in the year-earlier period, data from the Association of European Carmakers (ACEA) showed.A recovery in demand in Spain, Portugal and Greece, countries formerly plagued by austerity, helped lift momentum in favour of mass market brands, with sales of VW branded cars up 14 percent, Ford up 15.2 percent and Opel registrations rising 7.5 percent.By contrast, August registrations of BMW cars fell 2.0 percent, Mercedes-Benz car sales fell 3.9 percent and Audi registrations fell 7.6 percent.Car sales fell 0.4 percent in Germany, Europe's largest car market which is a traditional stronghold for the German luxury makers.Europe's car industry is gradually emerging from a six-year slump, with sales bottoming out last year as austerity-hit consumers cut back on expensive purchases.Aside from the slump in sales in Germany, the slip in registrations among premium auto makers may also be down to a shift in sales tactics."We have to find the right balance between volume and pricing," BMW Chief Executive Norbert Reithofer told analysts in August. "If you reduce your volume, you can even have a better profit."A 26 percent jump in car sales in Portugal and a 13.7 percent jump in Spain helped to offset a 2.6 percent drop in France and a 0.2 percent fall in registrations in Italy, the latest figures from industry body ACEA showed.ACEA also released sales figures for July. Passenger car registrations in the EU and EFTA countries rose 5.6 percent on the year, to 1,081,686 vehicles.(Reporting by Edward Taylor; Editing by Kirsti Knolle)Join the conversation about this story »
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Car sales in Greece have gathered pace in recent months, following a long slowdown that had resulted in the closure of more than 1,000 dealerships and the loss of an estimated 11,500 jobs. August recorded a 20.8 percent increase in the number of cars circ... ...
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Car sales in Greece continued to rise in the month of the July, data published by the Hellenic Statistical Authority have shown. The number of new cars to go into circulation in July this year came to 10,744, representing a 13.9 percent rise compared to t... ...
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