Verdict Automotive infographic - Car parc database
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European car sales are forecast to grow across all regions between 2012 and 2013. Growth is expected to be highest in eastern Europe at 3.5% and lowest in southern Europe which will see a 1.5% contraction due to declining registrations in Greece and Portugal. Over 60% of new registrations in leading European economies will be diesel vehicles by 2017 and Volkswagen is projected to have the largest market share in emerging markets with over 20 million vehicles by 2015. The UK is expected to see considerable growth in electric vehicles, with new registrations doubling between 2012 and 2015. Many countries will also see aging vehicle fleets in the coming years, presenting opportunities for the automotive aftermarket industry.
Verdict Automotive infographic - Car parc database
- 1. European car sales bounce back the VERDICT infographic Verdict forecasts across the board growth Parc growth between 2012 and 2013 Emerging markets 11.7% Southern Europe parc contraction driven by 2-3 years of declining registrations in Greece and Portugal. Western Europe Southern Europe -1.5% Northern Europe 0.3 % Eastern Europe 3.5 % 2.1% Leading 5 Economies 0.3 % Diesel and Volkswagen to dominate 61 of new registrations in the leading five economies will be diesel by 2017. Volkswagen set to dominate the parc in the emerging markets with vehicles by 2015. UK will have considerable electric car growth New registrations of electric vehicles in the UK will double between 2012 and 2015. This is more than any other country in the leading five economies. 2012 1,904 4,109 2015 Ageing vehicle parc presents aftermarket opportunities By 2015, over 50% of vehicles in Romania, Ukraine and Hungary will be over 8 years old. Source: Verdict Parc data. For more information contact us at enquiries@verdictretail.com or visit www.verdictretail.com By 2015, over 70% of vehicles in Hungary will be over 8 years old. think retail think