/ Industry, News / Europe: auto market seen out from recession

Europe: auto market seen out from recession

Linked In Share
Europe: auto market seen out from recession

The region’s main auto-industry group, ACEA, said that Europe’s car market will probably expand 2 % this year as demand gradually recovers from a two-decade low.

ACEA President Philippe Varin said at a press conference at the group’s Brussels headquarters that sales in the region, which have dropped for six consecutive years, will not return to pre-crisis levels in the “foreseeable future.” Full-year sales in Europe fell 1.8 % in 2013 to 12.3 million vehicles, the lowest figure since 1995, ACEA said on Jan. 16.

Delivery gains in December show that “the market may now clearly be bottoming out,” Varin said. “We are hopeful that this year will herald the transition toward a recovery.”

Industrywide deliveries in the European Union, excluding figures from Iceland, Norway and Switzerland that the ACEA also compiles, will probably increase to “just above” 12 million vehicles from about 11.8 million cars in 2013, said Varin, who is also CEO of PSA/Peugeot-Citroen.

Carmakers including Renault and Ford Ford, PSA and General Motors Co. are among carmakers shutting plants in Europe and scaling back workforces in response to the auto market’s decline.

German producers of luxury vehicles such as Mercedes-Benz and BMW kept their regional market share steady or increased it as demand remained stronger for high-end models than for mass-market vehicles.

Via Automotive News Europe

by Aurel Niculescu (my Google+) - Wednesday, January 29th, 2014 - filed under Industry, News. Image credit: .
Linked In Share
Related Articles
2014 europe Forecast sales


Discuss: Europe: auto market seen out from recession

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Van der Garde hints at 2015 race seat
Van der Garde hints at 2015 race seatOct.20 (GMM/Inautonews.com) Just as news about Nico Hulkenberg emerged on Monday, Giedo van der Garde dropped a big hint about ...
Ferrari could be nothing without Formula 1 success
Ferrari could be nothing without Formula 1 successThis is the way founder Enzo Ferrari envisioned his company: build (race winning) racecars first, then translate all that racing ...
Cherokee sales show Jeep was spot on
Cherokee sales show Jeep was spot onThe oddly designed fifth-generation of the model was universally panned by Jeep enthusiasts because of the total departure from ...
VW aims for long-term profits
VW aims for long-term profitsThe German automaker has managed to overcome General Motors last year to snatch the second place among global automakers. But ...
2016 Audi A4 rendered
2016 Audi A4 renderedThe next generation of the Audi A4 should theoretically be just around the corner and the first rendering with the new model has ...
BMW 1-Series DTM Sport Edition goes official
BMW 1-Series DTM Sport Edition goes officialAfter officially pulling the wraps off a similar version of the M4 Coupe, BMW has just unveiled the so-called 1-Series DTM Sport ...
Russia: Lada’s foreign boss wants a sportier image
Russia: Lada’s foreign boss wants a sportier imageBo Andersson, president of AvtoVAZ – the parent of the Lada brand – says that among the many changes the No. 1 Russian ...
Bugatti Veyron Super Sport for sale
Bugatti Veyron Super Sport for saleAn impressive unit of the very rare Bugatti Veyron Super Sport is currently being offered for sale. We all remember the days of ...
[VIDEO] Audi RS7 Piloted Driving Concept laps Hockenheim on itself
[VIDEO] Audi RS7 Piloted Driving Concept laps Hockenheim on itselfAudi has made the impossible possible with the RS7 Piloted Driving Concept which managed to lap the Hockenheim on itself. The ...
GM sees China as critical market for intelligent autos
GM sees China as critical market for intelligent autosThe US automaker counts the Asian country as its largest single auto market, so there’s no surprise the company plans to bring ...
Europe: September car deliveries rise 6.1%
Europe: September car deliveries rise 6.1%The battered European region is continuing its recent recovery, with car sales edging up 6.1% last month on the continent thanks ...
[VIDEO] Ferrari LaFerrari drifting at Monza
[VIDEO] Ferrari LaFerrari drifting at MonzaThe newest video starring a Ferrari LaFerrari is showing the impressive hybrid supercar drifting at the famous Monza ...
Manny Khoshbin buys Porsche 918 Spyder
Manny Khoshbin buys Porsche 918 SpyderManny Khoshbin has recently placed an order for a Porsche 918 Spyder after being impressed in the hybrid supercar during a test ...
Tesla’s investors ready to rethink strategy
Tesla’s investors ready to rethink strategyThe California-based electric automaker ran a very successful initial public offering back in 2010 and investors have been ...
Recall roundup: 1.1m Volkswagen vehicles for rear suspension problems
Recall roundup: 1.1m Volkswagen vehicles for rear suspension problemsVolkswagen has just issued a new recall for 1.1 million vehicles in North America and in China because of some problems with ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2016 audi a4 1
BMW 1-Series DTM Sport Edition 1
bugatti veyron super sport black for sale 1
Audi RS7 Piloted Driving Concept 1
nissan micra cup race car 1
audi tt race car 1
BMW M4 DTM Champion Edition 1
Spy-Shots of Cars
mclaren trackday kyalami 1
sergio aguero lamborghini aventador 1
ABT upgrades the Audi S8 1
2015 Lexus LS 1

More automotive from inautonews
This is the way founder Enzo Ferrari envisioned his company: build (race winning) racecars first, then translate all that racing know-how to lavish luxury supercars that cost two arms and two legs. Last week, a very successful Ferrari period has ended – with longtime Chairman Luca di Montezemolo ...
read more
Inautonews Editors Section
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive Citroen has introduced the second generation of the C-Elysee last year. The model is smaller than the C4 and it is based on the Peugeot 301, being ...
Test Drive: BMW X4 xDrive30d
Test Drive: BMW X4 xDrive30d The newest crossover to make its way into BMW’s lineup is the X4. This is based on the X3 and it is basically a smaller version of the X6, aimed ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: 1.1m Volkswagen vehicles for rear suspension problemsVolkswagen has just issued a new recall for 1.1 million vehicles in North America and in China ... Recall roundup: 2015 Ford Mustang for airbag problemsFord has recently issued a recall for the new generation of the Mustang muscle car because of a ...
Safety Section