EU new car market puts in best performance in a decade

By / 1 month ago / News / No Comments

New car demand in the EU continued to rise with February registrations reaching their highest level since 2008.

In volume terms, last month saw the best February results since 2008.

In volume terms, last month saw the best February results since 2008.

The figures from the European Automobile Manufacturers Association (ACEA) show the market grew by 4.3% last month, totalling 1,125,397 units. Nearly all major EU markets posted growth, except for the United Kingdom (-2.8%) – where car sales declined for the 11th consecutive month – Italy (-1.4%) and Spain (+13.0%) recorded the strongest gains, followed by Germany (+7.4%) and France (+4.3%).

For the first two months of the year, registrations were up by 5.8% in the European Union, reaching 2,378,965 units in total. UK demand was down (-5.1%). However, passenger car registrations continued to grow in Spain (+16.4%), Germany (+9.5%) and France (+3.4%) for January and February.

For more of the latest industry news, click here.

Related Post

Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.