European automotive market quantity dropped 23.four% in September as a consequence of WLTP points; electrics and SUVs bucked that pattern

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The European automotive market recorded the very best month-to-month decline of the final decade in September 2018, as 1.12 million autos had been registered—343,000 lower than in September 2017, in keeping with figures from JATO Dynamics.

The drop follows August’s inflated outcomes, which had been boosted by a rise in enterprise registrations and inventory clearances forward of the introduction of WLTP on the first September. Regardless of August’s enhance and September’s decline, quantity was solely down three% between the 2 months, that means the 12 months to this point figures haven’t been strongly impacted and stand at +2.three%, with 278,000 extra registrations than this time final 12 months.

The primary motive for this decline relates again to the dearth of availability of many fashions, which weren’t homologated in the course of the month below new WLTP testing procedures. JATO’s evaluation of 22 markets (98% of the amount of Europe-27) discovered a correlation between the provision of WLTP-homologated derivatives and the variation in registration figures throughout September.

The decline was most strongly evident with diesel automobiles, which recorded certainly one of its lowest market shares ever with simply 32.9% and a quantity decline of 40%.

In distinction, electrical, hybrid and plug-in autos posted their highest market share to this point at 7.9%, as demand for them bucked the final market pattern and elevated by 12.7% to 85,300 items.


SUVs additionally bucked the final pattern and continued to realize market share. Regardless of registrations falling by 10.9% to 407,500 items, their market share jumped from 31.three% in September 2017 to 36.four% in September 2018. Though WLTP is even affecting this widespread section, SUVs are higher geared up to take care of the ramifications of the brand new testing process as they’ve extra up to date fashions than the opposite segments.

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The vast majority of the automotive makers’ newest launches—that are newer and subsequently extra more likely to be according to testing situations—had been within the SUV section. Alternatively, September’s largest losers had been the MPV, midsize and compact segments.

This can be a large drop, but it surely was considerably anticipated throughout the automotive business. We are going to proceed to see registrations decline as long as a big portion of the market’s variations stay unavailable below the brand new take a look at situations. The massive query now’s how lengthy the drop will final, which can rely on how lengthy it takes automotive makers to homologate the fashions they wish to maintain available on the market.

—Felipe Munoz, JATO’s International Analyst

For the primary time in virtually eight years, VW Group didn’t lead the market’s rankings by group. The highest spot was as a substitute occupied by PSA, regardless of them recording an eight.four% quantity decline to 200,400 registrations. In comparison with different teams, this was a comparatively low drop and was attainable as a consequence of Peugeot, which was the model that posted the very best market share acquire, and Opel/Vauxhall, which was the model that posted the very best quantity.

Different market share winners included Hyundai-Kia and BMW Group, whose BMW model was the best-selling premium model, following a decrease month-to-month decline at 7.four% than its rivals Mercedes, which was down by 13.7%, and Audi, which was down by 60.four%.

September was a difficult month for VW Group, as all of its manufacturers misplaced market share. Many of the decline occurred in Germany, the place quantity was down by 61%, and it was the automotive maker’s compact and midsize segments that recorded the most important drops. Different makers that additionally misplaced traction included Renault-Nissan and FCA.

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The Opel/Vauxhall Corsa overtook the VW Golf to grow to be the best-selling mannequin in Europe. The Golf had occupied the highest spot since March 2017, but it surely noticed an enormous 71% decline throughout September and fell 12 locations to 13th place within the rankings. Alternatively, demand for the Corsa, which had been wavering throughout current months, noticed a rise throughout September, principally within the UK, Germany and France.


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