Friday, 18 April 2014

EU first quarter car sales rise 8%

Demand for new passenger cars in the EU in March increased for the seventh consecutive month, with a rise of 10.6 per cent in registrations.

However, in absolute figures, the total of 1,449,148 units registered marked the second lowest result to date for a month of March since ACEA began the series in 2003 with the enlarged EU.

In the first quarter of 2014, new passenger car registrations increased 8.4 per cent, to reach a total of 3,246,719 units.

In March 2014, all major markets contributed positively to the overall 10.6% expansion of the EU market. The UK (+17.7%) and Spain (+10.0%) recorded double-digit growth, while France (+8.5%), Germany (+5.4%) and Italy (+5.0%) also saw their demand for passenger cars increase in the month of March.

Three months into the year, all major markets posted growth, contributing to the overall 8.4 per cent upturn of the EU market.

The increase in passenger car registrations in this period ranged from 2.9% in France, 5.6% in Germany, 5.8% in Italy to 11.8% in Spain and 13.7% in the UK.

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