EU car demand rockets
Passenger car registrations in the EU showed strong growth in April following March’s decline, helping to drive the year-to-date performance.
Latest ACEA figures show a total of 1,306,273 new cars were registered last month; up 9.6% on April 2017. All five major EU markets saw substantial increases: Spain (+12.3%) and the UK (+10.4%) recorded the strongest growth, followed by France (+9.0%), Germany (+8.0%) and Italy (+6.5%).
For the first four months of the year, new car registrations in the EU rose 2.7% to 5,478,442 units, driven by April’s robust growth. Car registrations went up in Spain (+11.0%), Germany (+5.0%) and France (+4.4%), but demand for new cars contracted in the UK (-8.8%).
The new EU member states performed very well so far in 2018, with registrations increasing by 12.5%.For more of the latest industry news, click here.