Were you able to spot downtrend in the UK passenger vehicle sales?
The UK new passenger vehicle sales data has shown a decline in recent months. Conversely, European new passenger vehicle sales continue its upward trajectory. The downward trend in UK sales is the first in five years.
The UK passenger vehicle sales’ 12-month moving sum for June 2017 and July 2017 fell below the previous year’s same period unit sales level for the first time in the last 5-years.
UK Passenger Vehicle Sales
European passenger vehicle sales’ 12-month moving sum for June 2017 stayed above the previous year’s same period unit sales level.
European Passenger Vehicle Sales
Volkswagen, Ford, Daimler, BMW, and GM are top 5 passenger car manufacturers in the UK. Below chart offers good insight into market share for the major OEMs in the UK.
Top 5 Passenger Car Makers in the UK
Among the Indian OEMs, Tata Motors has exposure to the UK market through its subsidiary Jaguar Land Rover (JLR). In FY16, Tata Motors’ UK operations accounted for 16.7% of overall revenues.
Tata Motors’ Group Revenue by Geography
Will this downtrend in the UK passenger car market continue?
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