Cars and Drivers

Ford, Chrysler European Sales Rise in May

Porsche Panamera 2015 model
Porsche Cars North America Inc.
The European Automobile Manufacturers Association (ACEA) reported that new vehicle registrations in the European Union rose 1.3% year-over-year in May and were up 6.8% for the year to date. For the month Germany led with 256,385 new registrations, followed by the United Kingdom with 198,706 and Italy with 146,582.

For the first five months of 2015, new car registrations in Germany were up 3.6% to 1.3 million, and sales in the United Kingdom were up 5.7% to 1.06 million. May marks the 21st consecutive month that registrations have increased. However, the rise is the smallest percentage since the streak began.

Including all of Western Europe, the top-selling maker is Volkswagen with total sales year to date of 1.37 million units, up 4.9% year over year. In May, VW’s sales totaled 269,141, down 3.3% from sales of 278,405 in May 2014. Sales of the company’s Porsche cars rose 33.2%. VW’s market share for the year to date is 24.4%.

PSA Group, maker of Peugeot and Citroen, posted market share of 10.5% in May and 10.9% for the first five months of the year. In third place was Renault, with a May share of 9% and a year-to-date share of 9.3%.

Fiat Chrysler Automobiles N.V. (NYSE: FCAU) ranked fourth in May, with a market share of 7.1%. Registrations of Fiat brand vehicles rose 8.7% in the month and 11.4% year to date. The big gain came in Jeep registrations, up 190.1% year to date, far higher than any other brand by any maker.

ALSO READ: 7 Car Brands That Cost Less Than They Used To

The top U.S. maker by market share in May was fifth-ranked Ford Motor Co. (NYSE: F), which claimed 7% of the European market, down from 7.2% a year ago. For the year to date, unit sales are up 4.1% to 408,186, but the company’s market share slipped from 7.5% in 2014 to 7.3%.

General Motors Co.’s (NYSE: GM) Opel Group nabbed sixth place with May market share of 6.8%, but that was down 5.6% compared with May 2014. For the year to date, Opel Group’s unit registrations are down 3.5% and share has dropped from 7.3% to 6.6%.

BMW posted a year-over-year gain of 7.5% in new registrations in May, and registrations are up 11.3% year to date. The company’s Mini brand posted year-to-date unit sales growth of 35.1%. May market share rose from 6.1% a year ago to 6.6%, and year to date, share is up from 6.2% to 6.5%.

Daimler saw Mercedes-Benz registrations rise 11.1% in May and 13.4% in the first five months of 2015. The company’s market share for May came in at 6.3%, up from 5.8% a year ago, and share for the first five months of the year rose from 5.6% to 5.9%.

The top-ranked Japanese automakers were Nissan and Toyota Motor Corp. (NYSE: TM) with May market share of 3.8% each. That total represents a gain for Nissan and a drop for Toyota.

ALSO READ: 4 Merrill Lynch High Quality and Dividend Yield Stocks to Buy Now

Get Ready To Retire (Sponsored)

Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Get started right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.