Greece 2019. Car market hit the 7th annual gain in a row

Greek Cars Market

Greek Cars Market in 2019 signed the 7th consecutive annual gain. Indeed, Total sales in 2019 have been 114.109, growing in double-digits (+10.3%). Toyota held the market throne with 11.1% of share, while Peugeot gained the 2nd place, surging 17.4%.

Economic Environment

Greek’s economic activity likely cooled somewhat in the third quarter from the second quarter’s positive reading. Industrial production dropped in the quarter and exports contracted in August, likely weighed on by the weak external backdrop. However, the unemployment rate continued on its downward trend in the same month, dropping to a new over eight-year low.

The economy is seen gaining modest steam next year as the recovery strengthens. Household spending is seen picking up traction amid labor market improvements, while investment should remain healthy thanks to improving business confidence. That said, risks lurk from increased competition to the vital tourism industry and a soft Eurozone economy.

Market Trend

Greek vehicles market is recovering after the sharp fall reported during the harsh 2008-2010 financial crisis and, since the 2012, the car passenger’s segment improved substantially. In the 2017, the market grew from 58.480 in the 2012 to 88.083.

In 2018 the car passenger’s market continued the fast recovery, ending the year with registrations at  103.436, up 17.4%.

In 2019, according to data released by the Association of Motor Vehicle Importers Representatives, the market signed the 7th consecutive year of growth. Indeed, Total sales in 2019 have been 114.109, growing in double-digits (+10.3%).

During the last decade, Toyota held a stable 11% of share and in 2019 kept the same share, holding the market crown for the 7th consecutive year. Peugeot jumped in second place, registering a robust growth, moving from 3.6% of share in 2010 to 8.6% in 2o19.

Behind, Opel – which was the leader in 2012 – has steadily lost terrain in recent years, falling down in 5th position with just 6.5% of market share in 2019.

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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