European new car market on track for strong full-year result, finds JATO

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The firm’s latest market analysis shows that new car sales last month were up by 13.5%, marking the 27th straight month of growth. This followed a significant slowing in growth during October as a consequence of smaller increases coming from the Big 5 EU markets.

Last month the total market expanded to 1.13 million cars from 993,000 units registered in the same month of 2014 taking the YTD result to 13.06 million units. The Seasonally Adjusted Annual Rate, SAAR, came in at 14.03 million units.

Most of the markets analysed showed positive signs in November, with 27 of the 29 countries posting an increase in sales and 21 of them posting double-digit increases. The growth was driven largely by Spain and Italy, where registrations increased by 26% and 24%, respectively, while in France the total was up by 11% to 150,000 units, offsetting smaller increases in Germany and the UK. However, these two markets performed better than the figures seen in October, as Germany increased by 9%, and the UK new-car market returned to growth with a 4% year-on-year increase.

In terms of total volumes, Italy came first with almost 26,000 more units more than the total registered in November 2014, and was followed by Germany and Spain, while the UK was outperformed by markets like Belgium and the Netherlands. Registrations in the Big 5 EU markets totalled 820,000 units, up by 12% compared to the same period last year.

The Czech Republic, Poland, Finland, the Netherlands, Belgium and Sweden are among the big winners during November as their registrations increased by more than 20% year-on-year. Moving in the opposite direction were Luxembourg and Estonia, the only two markets to post a decline in sales last month.

“Overall November was a strong month with the usual leaders keeping their positions, while the new launches helped boost sales. The growing demand is heading us to a strong full-year result that is benefiting specific segments such as the SUV,” said Brian Walters, vice president of data at JATO Dynamics.

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Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 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. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.

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