The Eurozone is forecast to return to positive GDP growth in 2014, following two years of negative growth. The UK is expected to grow more strongly than any of its major European partners and growth in Russia is expected to rise from a subdued level. This generally favourable economic backdrop is being reflected in consumer confidence surveys and an upturn in new car purchase intentions in most EU markets.
European light vehicle demand is forecast to increase by 3.2% in 2014 to 16.9 million units as stronger increases in some western European markets are constrained by another weak year for the Russian market. Beyond 2014, the continuing recovery in most markets, combined with growth in Russia, are expected to take total demand to 20.5 million units by 2018.
Table of contents
- Executive summary
- Chapter 1: Recent LV demand
- Chapter 2: Market characteristics
- Ownership levels
- Chapter 3: Market shares
- Chapter 4: Economic outlook
- Chapter 5: Outlook for LV demand
Appendix 1: Definitions
Appendix 2: Forecasting passenger cars – methodology
Appendix 3: Data
– Sales by brand, Light Vehicles 2009-2018 (‘000s) Excel
– Market share by brand, Light Vehicles 2009-2018 (%) Excel