The European Automobile Manufacturers Association (ACEA) reported Thursday that new vehicle registrations in the European Union (EU) rose 5.2% in June compared with new registrations in June of 2017. New registrations for the month totaled nearly 1.6 million units.
New registrations rose by less than 1% in May after increasing by 5.9% year over year in April and dropping by 5.3% year over year in March. For the first six months of the year, sales are up 2.9% to nearly 850,000 units.
Of the Detroit Three, Fiat Chrysler Automobiles N.V. (NYSE: FCAU) saw its market share in the EU decline from 7.0% in June 2017 to 6.5% this year. Unit sales totaled 102,183, down by 2.6% year over year. Sales of the Fiat brand dropped 9.4%, while Jeep sales jumped 72.8%.
Ford Motor Co. (NYSE: F) sold 86,352 units in June, a drop of 8.6% year over year. The company’s June market share rang in at 5.5%, down from 6.3% last year.
General Motors Co. (NYSE: GM) has left the EU market and had sales of just 235 units in June. Last year, before the company sold its European subsidiary to PSA, GM sold more than 92,000 units in the month.
The top-selling maker in the EU is Volkswagen, which sold 390,701 vehicles in June, up 13.3% year over year. VW’s market share for the month totaled 24.9%, up from 23.1% in June 2017.
PSA Group, makers of Peugeot and Citroen among other brands, posted a June sales increase of 65.8% to 254,786 units. The company’s market share rose from 10.3% to 16.2%. The increase includes sales in the Opel/Vauxhall group the company acquired from GM last year. PSA sold 89,052 Opel/Vauxhall units in June.
Renault Group posted a volume increase of 4.7% to 192,843 units in June, and its share dipped year over year from 12.4% to 12.3% in the month.
BMW Group’s market share rose in June from 6.6% a year ago to 6.8%. The company sold 107,064 units last month, up 8.2% compared with year-ago June sales of 98,958.
Daimler posted a market share decline last month, slipping from 6.1% in June 2017 to 5.5%, with sales totaling 86,653 units. On a volume basis, sales fell 5.2%.
Toyota Motor Corp. (NYSE: TM) posted market share of 4.6% in June, up from 4.3% a year ago. Sales volume rose by 13.7% to 72,183 units.
For the month of June, Germany was the volume leader with more than 341,000 units sold (up 4.7% year over year for the month), followed by France with sales of more than 252,000 (up 4.2%), the United Kingdom with nearly 235,000 sales (down 3.5%), and Italy, with sales of nearly 175,000 vehicles sold (down 7.3%).
EU sales totaled 15.14 million units in 2017, compared with 2016 sales for the 27 EU members of 14.64 million, up 3.4% compared with 2016 unit sales.
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