Passenger vehicle sales
2017 is turning out to be a year of growth for passenger vehicle (PV) markets in Brazil and Russia, marking a shift in direction for the first time in last 5-years. Brazil and Russia, two commodity-driven economies witnessed a strong pick up in PV sales volume over the past 6-months.
The uptrend in commodity cycle helped Russia and Brazil to bounce back from recession in 2017. With the revival in economic activities, PV manufactures in these two countries logged double-digit growth in monthly sales volume (Image 1).
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