June figures dip in strong auto market
TT/The Local/rm · 1 Jul 2011, 16:51
Published: 01 Jul 2011 16:51 GMT+02:00
- Saab: production to resume in two weeks (30 Jun 11)
- Saab secures short term funding, pays wages (29 Jun 11)
- Volvo Cars reports sales, profits boost (12 May 11)
2011 started strong for the car industry and so far 157,042 cars have been registered in Sweden this year, which is an increase of 13.7 percent compared to last year.
“The minor decrease in June was affected by there being fewer days to register this month compared to the same month last year, equivalent of a decrease by 10 percent,” said Bil Sweden’s CEO Bertil Moldén in a statement.
He also added that the market was gaining strength this time last year.
“So we're comparing against strong figures from last year,” he continued.
Looking at the full picture, the market has been “very strong” for the automotive industry the first 6 months of 2011, according to Moldén.
In June 221 Saab cars were re-registered, which is a drop by 73.6 percent compared to the same month last year. Since the beginning of the year 3,137 Saabs have been registered, signifying a decrease by 1.6 percent.
The number of new registrations for Volvo increased in June by 10.5 percent to 5,258 and in total in the first 6 months of 2011 by 19.7 percent to 29,338.
Saab’s decline was expected, according to Bertil Moldén.
“The factory has been at a standstill for weeks. If you don’t have any production you won’t be delivering cars to customers and hence you have no new registrations,” he told TT
Volvo can thank its diesel engine cars for the strong figures, according to Moldén.
“Diesel is getting increasingly more popular and June has been the best diesel month so far, “ Moldén told TT.