While new car and light truck October sales were up in France, Spain and Germany, giving hope that the European market has finally bottomed out, Italy’s car market is not showing any signs of recovery with car sales down 5.6% from a year ago. Fiat’s European chief, Alfredo Altavilla, remains pessimistic about that brand’s home market. ”We are not seeing signs of a recovery in Italy, while in other markets we are seeing the glimmer of recovery where the market has touched bottom,” Altavilla told Reuters. “The real problem in Italy continues to be lack of consumer spending.” (Read More…)
After taking a sales hit due to tsunami-related production woes, Lexus has been trying to regain their mojo with a new product offensive. Things started out with the new Lexus GS sedan that Jack Baruth and I loved on and off the track, followed by a revised RX. With the redesigned IS, the bulk of their lineup has been overhauled. Initially, I was a little concerned that the Lexus IS sedan would receive nothing more than a new nose and some LED lights for 2014 but the Japanese 3-Series fighter came out swinging when we were invited to the launch event earlier in the year. I came away impressed with the IS 350′s road manners, but most buyers will be shopping for the less powerful IS 250 and it’s taken us this long to get our hands on one.
The all-electric future creeps upon us all steadily, from Tesla’s luxury offerings more appropriate for New York Fashion Week, to Nissan’s electric blue and white jelly beans moving eco-conscious families to Whole Foods and Trader Joe’s.
Speaking of Nissan, the automaker has decided to unleash the e-Nv200 upon the streets of Europe in 2014, with both fleet and private sales in mind.
The Spanish government is extending its own version of “Cash for Clunkers” for the fourth time, as Spain tries to boost sagging car sales in the midst of a severe recession.
In a sign that the European automobile market may finally be recovering, new car registrations in September were up 5.5% from the year before. Sales in the UK and an extra sales day in the month were factors but industry analysts say that things have finally bottomed out in Europe. Year to date sales were still down, -4% to 9.34 million cars, still on track to be the worst year in two decades.
After the longest European recession since the adoption of the euro currency ended with GDP growth in the second quarter of this year, demand has increased but when car sales were down in August, there was concern. With September sales up, industry watchers now think the August decline was just a blip. (Read More…)
With just 143 examples registered in the UK, Aston Martin has quietly dropped the Cygnet city car – based on the Toyota iQ. According to UK mag Autocar, Aston Martin will also not be re-entering this space, and will focus on what it does best: making high end performance cars. Originally conceived as a way to meet strict European emissions rules, the Cygnet failed to meet Aston’s initial sales projections of 4000 units annually.
One of the awful side effects of being really really good looking is that you tend to have lots of kids; and four kids later I find myself driving a VW Touran. It is the sensible-shoes option for the sexually successful in Europe- cheap to buy, cheap to run. Drinking in the TTAC cool aid, on a recent trip to the USA I booked a Lincoln Town Car for the six of us from Hertz, and ended up in a Dodge Durango; after which I have found a bit of red on my neck. (Read More…)
PSA, parent company of Peugeot and Citroen, is said to be exploring a partnership with China’s Dongfeng, as Peugeot looks for ways to strengthen itself amid weak sales and a perpetually sputtering European car market.
TTAC Commentator MightyTall writes:
I’ve been reading your articles and enjoying your sage advice given to other people. And since you said you’re running low on submissions, here’s mine: I’m currently driving a well maintained reliable 140hp 2.0l Turbodiesel, 6-speed manual 2007 Passat station wagon … 157.000 km on the clock and no troubles. (Read More…)
Last time I annoyed you with my stats, we went through a worldwide whirlwind for the July 2013 Roundup. Today we focus on Europe, where apart from one main island of growth (literally and figuratively: yes I am speaking about you the UK), the new car market recession seems to know no end.
Not interested in the old, grumpy continent? That’s totally fine, I have prepared something else for you: you can check out sales stats for 176 additional countries and territories on my blog. Go on, I think you’ll like…
Back to Europe.
I have to admit, I’m a fan of the Fiat 500. Yes, I know it’s just a Fiat Panda with bubbly sheetmetal. Yes I know it’s a little peculiar. Yes I know it’s trying to ride on MINI success. It doesn’t matter, the wee Fiat makes me grin every time I drive one. Whether it’s the slow-as-dirt standard 500, the ludicrously loud Abarth, the almost-convertible 500c or the totally impractical 500e, the Cinquecento knows how to brighten my day. I was therefore excited when Fiat announced the 500′s success would spawn a four door stable-mate for 2014. Is the 500L 40% more smiles for 20% more cash?
Europe’s car market is still a good half-decade away from making a recovery, according to Ford’s top man in Europe. Reuters quotes Stephen Odell, Ford’s European CEO, as anticipating a $1.8 billion loss in Europe this year, stating
“There are indications that an end of the decline may come in the second half of this year. However, a recovery of the market, we estimate, will take at least five to six years.”
After closing multiple plants and cutting thousands of jobs in response to major overcapacity issues and declining demand, Odell stated that he anticipated no further restructuring moves on the continent.
Chevrolet will be launching the 2014 Camaro coupe for the European market at the upcoming Frankfurt Motor Show, which is probably the reason why Chevy is using the same show for the debut of the 2014 Camaro convertible, rather than introduce it in a few months at the Lost Angeles or Detroit shows.