Slovakias October new car sales drop 16.6% y/y.

By bne IntelliNews November 13, 2012
Sales of new passenger cars in Slovakia dropped by 16.6% y/y in October 2012 to 4,796, following a 46.6% jump in the previous month, data from the Slovak Automotive Industry Association (ZAP) showed. The development of new car sales in the last two months reflects the new, higher registration fee for new cars, introduced as of October 1, as new car sales jumped before the introduction of the tax and plunged after that, ZAP said. For the first ten months of the year, sales of new cars were 5.3% higher y/y at 58,641 units. Skoda kept its leading position in the passenger car segment with a market share of 22.36%, followed by Germanys Volkswagen with a share of 9.15% and South Koreas Kia with a share of 7.93%. Sales of new light commercial vehicles fell 6.7% on the year to 502 units in October 2012. Sales of trucks weighing 3.5 tonnes to 12 tonnes for the Jan-Oct period increased 6.8% on the year to 441 units, while sales of heavy trucks above 12 tonnes fell 0.9% to 2,660 units. Iveco dominated the light trucks segment with a 46.26% market share and Volvo led with a 27.82% market share in the heavy trucks segment. A total of 216 new buses were sold in the country in the first ten months of 2012, down 3.7% from a year earlier.
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