|
Most market observers saw Europe’s underlying diesel car sales trend as bad, but few anticipated how bad it would get. Diesel car sales plunged 11.6 per cent in Western Europe last month compared with the month a year ago in a fresh sign of the segment’s deterioration as it hurtles down the slippery slope far faster than earlier feared. In consequence, the sector’s double-digit dive in January’s otherwise expanding new car market sharply reduced the region’s diesel car sales share to 39.8 per cent.
West Europe’s diesel car market, which just completed a year of substantial bloodletting, began the current year on a decidedly downbeat note.
Pulled down a great deal this January by a huge 11.8 percentage point loss of market share in Germany, accompanied by yet another month of plummeting diesel car sales in the region’s otherwise expanding new car market, West Europe’s diesel car sales share slipped narrowly below the 40 per cent mark.
That’s the first time in 16 years and compares with a 40.3 per cent diesel car sales share in 2002 and 36 per cent in 2001.
AID’s market observers believe that these continuing adverse developments suggest that underlying consumer demand for today’s much condemned diesel cars is now heading down at a markedly faster rate than earlier feared.
You
are just reading a summary of the full article available in the AID
Newsletter full subscription version. With a full
subscription you can download the current edition to read on any
digital device or receive the latest edition as a traditional print copy.
Or if you would like to receive a trial
edition simply send us your details.
MORE
DIESEL
ARTICLES
LIKE THIS:
|
Europe’s Diesel car sales share slumps to 14 year low 01
Feb 2018
|
Europe’s November diesel car market slips into deeper decline 10
Jan 2018
|
Diesel scrappage incentives drive Germany’s rush-back to petrol fuelled cars 08
Jan 2018
|
