Passenger Cars: Tactical registrations kept up the overall market demand
While the Private Market fell by 1.9%, commercial passenger car registrations grew notably by 18.2% over April 2018, resulting in a plus of 6.1% for the Total Market. A detailed look at the various commercial registration channels helps to classify this development correctly:
Almost 5,300 registered company cars in April 2019 represent a further minus of 12.2% for the True Fleet Market compared to the corresponding prior year’s month. Furthermore, this also led to the 11th consecutive monthly minus for the fleet segment.
With a plus of 146.1%, registrations of Short-Term Rental companies were the main growth drivers within the commercial channel in April. With more than 6,900 units since January 2019, the number of cumulated new car registrations stood slightly above prior year’s April result (+ 0.8%). Considering the weak start to the current year, we can certainly speak of catch-up effects within this segment. Moreover, the growth of tactical registrations by Dealerships and Manufacturers continued with April’s numbers increasing significantly (+ 36.7%).
LCV market clearly on the upswing
With a growth of 14.8%, the LCV market (Light Commercial Vehicles up to 3.5t) kept up its positive trend. The True Fleet Market was up by 5.6%, while registrations of Rental companies (+ 68.0%) and Dealerships and Manufacturers (+ 42.5%) also increased. The Private Market completed the positive result for April growing by 34.0%.
A more detailed look into True Fleets’ model ranking shows that the VW Transporter (+ 7.7%) was the most registered model in April 2019 followed by the Ford Transit Custom (+ 73.4%) and the Iveco Daily (- 1.7%).