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AUGUST DRIVES EUROPEAN CAR MARKET UPBack

AceaLogoFigures published by the European Automobile Manufacturers’ Association (ACEA) show new passenger car registrations rose 10% in August, totaling 819,126 units.

In August 2016, European passenger car registrations showed a growth of 8.1% year-to-date, and all the largest European markets continued to perform well. Italy saw the largest increase (+20.1%), followed by Spain (+14.6), Germany (+8.3%), France (+6.7%), and the UK (+.3.3%) – all of which performed better than August 2015.

After a slightly disappointing July (-1.4% decline), it is reassuring to see that the market has returned to form. The extra working day last month helped the European car market perform well in what is typically a weaker volume month due to summer holidays.

Consumer confidence remains strong in the majority of the countries and, as analysts said, there are no negative signs ahead meaning that European car sales seem set to continue to rise.

Posted by Sue Robinson on 16/09/2016