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Following the stabilisation seen last month, the EU new passenger car market rose by 5.8% in November with a total of over 1,1 million units registered, according to the official figures published by the European Automobile Manufacturers’ Association (ACEA).
All the largest market showed growth in November: Spain (+13.5%), France (+8.5%) and Italy (+8.2%) saw the biggest increases, followed by the UK (+2.9%) and Germany (+1.5%). Impressive results also amongst minor markets including Hungary (+42.8%), Poland (+22.7%) and Portugal (+23.5%) supported the overall growth. A total of 1,148,618 units were registered in November. From January to November, the EU market is 7.1% higher than last year with a total of 13.5 million units. All major markets have grown in this period.
Despite possible challenges and other major events in the EU, which may undermine consumer confidence, it is encouraging to see that the new EU car market has performed well again in November and remains stronger than last year. As for the UK, we are now looking forward to seeing whether results in December will confirm this trend and 2016 will see more new cars registered than last year.