J.D. Power: 2012 Light Vehicle Market Grows

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J.D. Power and Associates - February 5, 2013

The global light-vehicle mar­ket remained sta­ble in the final month of 2012 and over­all deliv­er­ies rose, accord­ing to the lat­est J.D. Power and Asso­ciates mar­ket report.

Find out how global economies fared in 2012.

Here is a sam­pling of areas around the world:

North Amer­ica

U.S. auto sales rose 13.4% in 2012, with sales reach­ing 14.5 mil­lion units. The out­look for 2013 remains stronger and sales are pro­jected to reach nearly 15.1 mil­lion units (includ­ing retail and fleet unit sales), with 12.3 mil­lion retail deliv­er­ies. Canada’s sales slipped in Decem­ber 2012, to equal a 1.54 million-unit pace, and weak­ness in the truck mar­ket held back sales—which were down 11% from Decem­ber 2011.

Europe

New-vehicle demand fell in dou­ble dig­its dur­ing Decem­ber in West­ern Europe, in part due to the Euro­pean sov­er­eign debt cri­sis that has made it dif­fi­cult for as many as eight coun­tries in the euro area to repay or refi­nance their gov­ern­ment debt with­out assis­tance. For the cal­en­dar year of 2012, sales declined nearly 9% to 13.4 mil­lion units. Only the UK mar­ket recorded an increase in 2012. Sharp declines were evi­denced in Italy and in Spain. The fore­cast for Europe’s auto mar­ket in 2013 is grim with another slump and a dip of 3.5% from 2012 pro­jected. The newer East­ern Euro­pean and Cen­tral Euro­pean mar­kets remained strong as sales totaled 4.82 mil­lion units—up 2.3% from 2011. In this region, Rus­sia remained sta­ble, while sales declined in Turkey and in Poland.

Japan

Japan has been a mature mar­ket for some years. How­ever, dur­ing the last three months of 2012, the coun­try posted month-over-month sales increases. A new gov­ern­ment announced a major fis­cal stim­u­lus pack­age, which could help raise auto sales this year. Also, the coun­try has been in recov­ery from the dev­as­tat­ing earth­quake and tsunami that ham­pered auto pro­duc­tion in 2011.

Read the full arti­cle here.

 

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