Does the Facebook Marketplace news have you wondering about manually loading inventory? With the new Polk Dealer Ma… https://t.co/5caDKKHsx9
Portuguese passenger car sales fall during September
Portuguese passenger car registrations have fallen during September. According to the latest data published by the Automobile Trade Association of Portugal (Associação do Comércio Automóvel de Portugal: ACAP), demand fell by 14% year on year (y/y) to 12,771 units. This has had some impact on its year-to-date (YTD) growth, which is now up by 6.5% y/y at 182,677 units. However, light commercial vehicle (LCV) registrations have grown by 4.8% y/y to 3,148 units, and they are now up in the YTD by 3.9% y/y to 28,247 units. Outside the light-vehicle categories, medium and heavy commercial vehicle (MHCV) registrations made a strong 17.4% y/y gain to 615 units in September. As a result, the growth rate in the first nine months has now returned to positive growth territory with an increase of just 0.2% y/y to 4,017 units.
Significance: The decline, like most markets in the European Union (EU), has been down to the introduction of the WLTP emissions certification for new passenger cars sold from 1 September. This led to automakers and dealers incentivising NEDC-certified vehicles as well as pre-registering them before the deadline. As well as these factors being a drag on demand in September, some automakers have also struggled to certify some models, which is limiting supply. One of those which is now just starting to meet demand is Volkswagen. However, this is expected to be a temporary blip, according to IHS Markit forecasts. We anticipate that passenger car registrations in this market will end the year at 233,600 units, an increase of 5.1% y/y, which will be followed by another year of growth in 2019. We see LCV production growing by 1.9% y/y to 39,500 units, and a further, larger gain is expected in 2019 as well.
Read more articles like this one. Get a free trial to AutoIntelligence Daily
- An Automotive Minute with Mark Boyadjis - David vs Goliath
- Automotive Insights - Canadian EV Information and Analysis
- An Automotive Minute with Michael Robinet: Supplier Strategy in the BEV Age
- An Automotive Minute with Stephanie Brinley - Vehicle Electrification
- Pivoting to an Electrified Future – The Automotive Industry Amps Up
- Impact of Semiconductor Shortages on the Global Medium and Heavy Commercial Vehicle Production
- Fuel for Thought: Vehicle loyalty grows in share and importance; Some brands top 60%
- Commitments to carbon-neutral economies accelerate the reshaping of the automotive industry
RELATED INDUSTRIES & TOPICS
Light vehicle sales volumes: Month-over-month growth (MoM) for April 2021 is negative for 7 out of 11 regions. Che… https://t.co/kcsLM4gWRI