Hellenic Association of Motor Vehicle Importers-Representatives

Market News

The Greek automotive market
(August 2017)
 
Passenger cars

New: The new passenger car market is up 23.0% in August compared with the same period the year before.

In the first eight months of 2017, 63,911 new passenger cars were registered compared to 58,621 the year before (+9.0%).

This increase is based on the increased demand for rentals but nevertheless, the passenger car market is -68.1% down compared to 2000-2009 average.

As far as August is concerned, petrol passenger cars surpassed for sixth consecutive month the petrol variants (50.6% petrol, 44.3% diesel).

Passenger car market in August 2017 posted 5,134 registrations compared to 4,174 the year before. Petrol passenger car registrations reached 2,599 units (50.6%), followed by 2,273 diesel passenger cars (44.3%), 229 hybrids (4.5%), 17 dual-fuel cars (0.3%), 14 CNG-powered cars (0.3%) and 2 electric ones. 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 37.9%.

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

New: Light commercial vehicle market remained positive for second consecutive month and is up 10.0% compared to August 2016.

Since January 2017, 4,526 light trucks were registered compared with 3,817 the same period in 2016 (+18.6%). Vanettes represents the highest share in the market (44.7%) followed by pick-ups with a market share of 36.5%.

Concerning August 2017, Pick-ups represents the highest share in the light commercial vehicle market (46.6%) followed by Vanettes with a market share of 31.6%.

Light commercial vehicles market posted 472 registrations in August 2017 compared to 429 the year before, witnessing an increase of 10.0%.

Commercial Vehicles (gross weight over 3,5 tons)

New: The commercial vehicle market continued its positive course in August and rose by 47.4% compared to the corresponding month in 2016.

Since the beginning of the year, 308 units were registered as compared to 241 the year before, suggesting an increase of 27.8%.

In August 2017, 28 trucks were sold in total, compared with 19 the year before (+47.4%).

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 turned again negative in August and is down -33.3% compared to August 2016.

During the eight months of the year, 129 buses were registered compared with 154 the year before (-16.2%).

Regarding August 2017, 14 buses were sold in total as opposed to 21 buses in August 2016 (-33.3%).

Motorcycles (over 50cc)

New: The motorcycle market continued its negative course for eighth consecutive month and is down -21.8% in August 2017 compared to the year before.

Since January, 20,401 motorcycles were registered compared with 26,898 the year before (-24.2%).

Motorcycle market in August 2017 posted 2,356 registrations compared to 3,011 in August 2016. 7 out of 10 new motorcycles which were registered in August are equipped with engines up to 250 cc (67.1%), while 90.4% of total registrations are motorcycles up to 400 cc.