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SWITZERLAND |
 This week’s Geneva motor show is in effect a curtain raiser for this year’s European car sales season and as such is confidently expected to reflect the first cautious optimism after half a decade of autoindustry gloom, shrinking car sales and widespread regional car production cutbacks. Switzerland’s car market, with 307,885 new car sales last year, performed excellently, and the outlook for 2014 continues to be satisfactory. If ever evidence was needed to describe a mature car market, Switzerland probably fits the bill better than most. Not a member of the eurozone, and home to some of Europe’s most successful multinational companies, to an extent Switzerland has weathered the economic storms far better than any eurozone member country. Even the briefest glance at Switzerland’s recent car sales history reveals that the country’s car market sailed through the sharpest European economic crisis in decades without the collapse in sales seen in all neighbouring countries during the past half decade or so. While last year’s car sales fell 6.2 per cent, between 2007 and 2012 Swiss car sales have posted five positive years, with sales only dropping below year earlier levels in 2009. By all accounts, a 3.8 per cent car sales dip this January, coming in the wake of last year’s drop, suggests that Switzerland is following its own individual economic cycle. The Swiss vehicle importer association auto-schweiz shrugged off last year’s 6.2 per cent dip in new car sales ...more MORE LIKE THIS: In Europe too the cars’ clutch pedal is still in retreat 17 Dec 2013 W-Europe’s car market finally moves out of intensive care 19 Nov 2013 Sigh of relief as September car sales rise 5.5% 17 Oct 2013
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