Croatia 2015. Market rose just moderately despite strong economy

Croatia Car Market

Croatia Car Market in 2015 moderately rose albeit fast economic recovery. Volkswagen, Opel and Skoda are on the podium while Volkswagen Golf was the best-selling model followed by Opel Astra and Renault Clio.

Economic Outlook

Croatia’s GDP grew at its fastest pace since Q2 2008 in Q3. The reading confirms the economy’s renewed strength following six years of recession. Meanwhile, the country has been in political limbo since the 8 November general elections that resulted in a hung parliament. After six weeks of negotiations, President Kolinda Grabar-Kitarovic appointed the non-party corporate executive Tihomir Oreskovic as new Prime Minister to form a government. Oreskovic had not been active politically in the past and is unknown to the public.

The government is expected to be composed of members of the conservative Croatian Democratic Union (HDZ) and the center Bridge of Independent Lists (MOST) party. The latter party was only founded in 2012 and participated in its first major elections in November. Significant uncertainty remains regarding the outcome of the ongoing talks and the future government’s economic policies and stability.

Market Outlook

During the fourth quarter of the 2015 sales of cars in Croatia had been 6.475, up 8% from the correspondent period last year keeping the recovery pace started 8 quarters ago.

According to data release by the Autonet, the car passenger’s sold during the full year 2015 sales had been 34.490, up 4.3% from the previous year.

As far as light commercial vehicles, sales had been 6.982, up 26.5%.

Market leader was Volkswagen with 5.792 sales (+5.8%) followed by Opel with 3.668 (-2.5%) and Skoda with 3.072.

The best selling model was the Volkswagen Golf with 1.039 units (+4.2%) ahead of the Opel Astra with 1.548 (+10.1%) and the Renault Clio with 1.528 (+80.8).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.

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