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New passenger car registrations in the EU marked the highest December ever, according to the latest official figures released by the European Automobile Manufacturers’ Association (ACEA).
The new car market rose by 3.0% in December with a total of 1,143,653 units. In 2016, registrations were up 6.8% on 2015 with a total of 1,143,653 units. Looking at the five major European markets in December, Italy (+13.1%) and Spain (+9.3%) showed the biggest growth, followed by France (+5.8%) and Germany (+3.7%). Demand for new cars in the UK (-1.1%) dropped slightly.
In line with the positive results seen in the UK market in 2016, also European new passenger car registrations showed a consistent increase of 6.8% against 2015. A total of 14,641,356 units marked the third consecutive year of growth in the sector. The growth recorded throughout the year was sustained across all major passenger car markets. Italy (+15.8%) and Spain (+10.9%) saw the strongest rise, followed by France (+5.1%), Germany (+4.5%) and the UK (+2.3%).
These figures show a healthy EU new car market, but, as for the UK, 2017 may bring uncertainty. Consumer confidence has remained robust despite uncertainty following important events such as Brexit and we hope that future trade agreements will not undermine the stability of the sector.