Greece 2016. Auto sales up a disappointing 4%

Greece Auto Sales

Greece Auto Sales 2016 up moderately performing the best level since 2012, but still very far from the pre-crisis level. Toyota was market leader while SsangYong and Dacia shine.

Market Outlook

GDP expanded at the fastest pace since Q1 2008 in the third quarter as private consumption growth hit a multi-year high. Despite the positive reading, the economy is still on a weak footing and the manufacturing PMI fell in November. The country entered a collision course with creditors in December after the government approved a series of spending increases including a Christmas bonus for pensioners.

Mirroring the economic environment, the domestic vehicles market has slightly recovered in the year while stand very far from the level achieved before the 2008. In 2016 the market was at the highest in the last five years, reporting the fourth increase in a row.

According to data released by the Association of Motor Vehicle Importers Representatives, new car passenger’s in December had been 4.765, down 30.1%, posting the second highest slowdown of the year.

Full year sales were 78.873 (+4.0%), very far from the over 200k level achieved in the years before 2008 crisis.

Competitive Arena

In the 2016 Toyota was the brand leader posting over 9.000 units (+7.1%), while among the highest growths of the year had been scored by Fiat, BMW, Mercedes, Mini, Mercedes and Opel. The best performances were reported by SsangYong (+486.4%) and Dacia (+95.3%).

Very significant lost were reported for Kia (-41%), Hyundai (-64%), Skoda (-36%) and Volvo (-32%).

Tables with sales figures

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

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