Fiat Chrysler Continues to Beat Ford in EU Sales, Market Share
New car registrations in the European Union rose by about 2% year over year in June. For the first half of 2017, EU sales are up more than 4%.
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The European Automobile Manufacturers Association (ACEA) reported Friday that new vehicle registrations in the European Union (EU) rose 2.1% in June compared with new registrations in June of 2016. New registrations for the month totaled 1.49 million units.
The United Kingdom posted a year-over-year drop of 4.8% on top of an 8.5% decline in May. May sales fell 3.5% in Germany, but rose 12.9% in Italy, 6.5% in Spain and 1.6% in France.
For the first six months of 2017, new passenger car registrations are up 4.7% to a total of 8.21 million. Registrations rose the most in Italy (8.9%), Spain (7.1%), Germany (3.1%) and France (3%). U.K. registrations are down 1.3% compared to the first six months of 2016.
The top-selling maker in the EU is Volkswagen, which sold 344,892 vehicles in June, up 2.7% year over year for the month. VW’s market share for the month totaled 23.1%, up from 23.0% in June 2016. Registrations are up 3.2% for the first six months of the year.
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Renault Group posted an increase of 2.8% to 184,170 units while its year-over-year share rose from 12.3% in June 2016 to 12.4%.
PSA Group, makers of Peugeot and Citroen among other brands, posted an increase of 4% to 153,929 units. The company’s market share rose from 10.1% to 10.3%.
Of the Detroit Three, Fiat Chrysler Automobiles N.V. (NYSE: FCAU) increased its market share in the EU from 6.7% to 7.0% year over year, led by an 8.9% increase in sales of the company’s Fiat brand and a 34% jump in Alfa Romeo. Jeep brand sales dipped 5.9% year over year. FCA sold 104,796 units in June, up 7.6% compared with June 2016.
Ford Motor Co. (NYSE: F) sold 96,212 units in June, down 3.5% year over year for the month. The company’s June market share came to 6.5%, down from 6.8% in June 2016.
Opel Group, still the General Motors Co. (NYSE: GM) subsidiary in Europe until its sale to Peugeot is completed, posted a June market share decrease, slipping from 6.9% a year ago to 6.2% this year. Sales of the Opel/Vauxhall brands fell 7.5% year over year.
BMW Group’s market share in June slipped year over year from 7.0% to 6.6%. The company sold 98,660 units last month. Daimler posted a market share gain, rising from 6.0% in June 2016 to 6.1% last month, with sales totaling 91,434 units.
Toyota Motor Corp. (NYSE: TM) posted market share of 4.3% in June, up from 3.9% a year ago. Sales volume rose 13.8% to 64,490 units. The largest percentage increase came in the company’s Toyota division, up 14.6% year over year.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
