Hellenic Association of Motor Vehicle Importers Representatives

Market News

The Greek automotive market
(February 2017)
 
Passenger cars

New: The new passenger car market rose by 56,9% in February compared with the same period the year before.

In the first two months of 2017, 11.652 new passenger cars have been registered compared to 9.010 the year before (+29,3%).

It is meaningless to compare February 2017 with the same month a year ago given that the withdrawal scheme has not been in force since January 1st 2016.

Passenger car market continues to suffer strong pressure mainly due to over-taxation of households and businesses and therefore is -77,1% lower compared to period 2000-2009.

As far as February is concerned, diesel passenger cars surpassed once again petrol variants (51,5% diesel, 45,4% petrol).

Passenger car market in February 2017 posted 5.192 registrations compared to 3.310 the year before. Diesel passenger car registrations reached 2.674 units (51,5%), followed by 2.357 petrol passenger cars (45,4%), 134 hybrids (2,6%), 15 CNG-powered cars (0,3%), 6 LPG-powered cars (0,1%) and 6 dual-fuel cars (0,1%). 92.4% of total passenger car registrations are cars with engine size up to 1.600 cc, while segment B dominates with a market share of 38,8%.

Light Commercial Vehicles (gross weight up to 3,5 tons)

New: Light commercial vehicle market continued its positive course for second consecutive month and rose significantly by 105,0% compared to February 2016.

Since January 2017, 1.181 light trucks have been registered compared with 775 the same period in 2016 (+52,4%). Pick-ups represents the highest share in the market (44,8%) followed by Vanettes with a market share of 36,8%.

Concerning February 2017, Pick-ups represents the highest share in the light commercial vehicle market (48,2%) followed by Vanettes with a market share of 37,2%.

Light commercial vehicles market posted 529 registrations in February 2017 compared to 258 the year before, witnessing a substantial increase of 105,0%.

Commercial Vehicles (gross weight over 3,5 tons)

New: The commercial vehicle market continued its downward course in February and declined by 9,1% compared to the corresponding month in 2016.

Since the beginning of the year, 60 units were registered as compared to 67 the year before, suggesting a decline of 10,4%.

In February 2017, 20 trucks were sold in total, compared with 22 the year before (-9,1%).

Moreover, imported used commercial vehicles still cover the greatest share of the specific market segment. New CVs represent only a small percentage, pushing the average age of commercial vehicles in Greece to high levels. This, expectedly, generates environmental and road safety issues.

Buses

New: The bus market continued its upward course for second consecutive month and was up by 150% compared to February 2016.

During the first two months of the year, 31 buses were registered compared with 18 the year before (+72,2%).

Regarding February 2017, 25 buses were sold in total as opposed to 10 buses in February 2016 (+150,0%).

Motorcycles (over 50cc)

New: The motorcycle market continued its negative course and was down by -56,7% in February 2017 compared to the year before.

Since January, 1.810 motorcycles were registered compared with 3.641 the year before (-50,3%).

Motorcycle market in February 2017 posted 895 registrations compared to 2.068 in February 2016. 6 out of 10 new motorcycles which were registered in February are equipped with engines up to 250 cc (62,5%), while 82,6% of total registrations are motorcycles up to 400 cc.