Shortly before the end of the year, the Swiss passenger car market is once again robust. Although just under 24,000 registered passenger cars represent an overall market decline of 0.4%, the YTD result is still above the previous year’s level (+ 1.5%). By contrast, registrations of light commercial vehicles fell sharply (- 19.5%).
Swiss passenger car market in November 2019
With an increase of 1.1%, the Private Market closed the third month in a row on a positive note. By contrast, commercial registrations fell by 2.1% year-on-year, resulting in an overall market decline of 0.4%.
The True Fleet market can also look back on a successful November. More than 5,100 registrations meant a growth of 1.6% compared to the previous year. This was the third consecutive month in which the number of company registrations rose. While registrations of car rental companies also rose by 16.7%, registrations of Dealer/Importer fell by 12.8%.
True Fleet market: Tesla, Porsche and Audi with significant growth
As in the previous month, two thirds of the top 15 importer brands benefited from the positive development of the True Fleet market. Tesla (+ 377.8%) achieved the highest growth, ahead of Porsche (+ 353.3%) and Audi (+ 41.6%). At model level, the Skoda Octavia remains the undisputed No. 1 fleet model despite a decline of 14.4 % year-on-year. However, the Renault Megane (+ 215.6%), the Audi A4 (+ 214.8%) and the BMW 3 Series (+ 142.3%) recorded the highest growth rates.
Light commercial vehicles with losses
The number of registrations of light commercial vehicles up to 3.5 t fell sharply in November (- 19.5%). While the Private market fell by 12.9% year-on-year, commercial registrations were hit even harder (- 20.4%). In particular, the True Fleet market (- 21.6%) and Dealer/Importer registrations (- 16.7%) recorded significant declines. Only registrations on rental companies increased year-on-year (+ 3.3%).
The developments in the True Fleet market are also reflected in the performances of the various brands. Within the top 10 importer brands, only Iveco was able to show a slight increase (+ 0.8%). Mercedes delivered most of the light commercial vehicles to Swiss companies last month. Within the top 10 models, the Ford Transit Connect (+ 16.4%), the VW Caddy (+ 2.9%) and the Iveco Daily (+ 0.8%) recorded a growth compared to the same month last year.