Friday, January 2, 2015 7:31 AMSTERDAM (Dow Jones) – The number of new passenger cars sold in the Netherlands fell by 6.9% in 2014 to 387 835 units, according to figures from RAI, BOVAG and RDC Central Bureau Mobility Information.
Despite a small sprint and high demand for compact, fuel-efficient cars as a result of increases in the purchase tax BPM by January 1, 2015, last December 6.4% fewer new cars were registered than in December 2013, ie 36 424 vehicles.
For the Dutch automotive industry has been a difficult year in 2014, which could not be taken advantage of the slightly growing consumer confidence. Individuals did especially major investments to pay off mortgages or finance renovations, but not for the purchase of a new car.
Nevertheless, the entire fleet in the Netherlands has grown to record levels with nearly 8.2 million pa ssenger cars. 2015 BOVAG and RAI expect a slight growth compared to last year, to 400,000 new cars. Especially in the last months of the year the industry consider a flood from the business market, in view of the major changes to the taxable income as of 1 January 2016.
The five best selling brands in 2014 were Volkswagen ( 42 693 pcs / 11.01% market share), Peugeot (36 940 / 9.52%), Renault (30 510 / 7.87 %%), Opel (23,432 / 6.04%) and Volvo (22 002 / 5.67%) .
By Bart Koster; Dow Jones Newswires; +31 20 571 5201; bart.koster@wsj.com
(END) Dow Jones Newswires
January 02, 2015 01:31 ET (06:31 GMT)
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