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“The National Franchised Dealers Association (NFDA) is encouraged by the continued increase of passenger car registrations in the EU marking the 30th consecutive month of growth”, said Sue Robinson commenting on figures published by ACEA (European Automobile Manufacturers’ Association).
In February, passenger car registrations rose 14.1% to 1,056,902 units compared to this time last year, whilst from January to February 2016 they increased by 10.1%.
The largest European markets experienced a very positive growth in February. In UK registrations rose 8.4% over-the-month to 83,365 units. Italy experienced the largest rise with an enormous increase of 27.3%, whilst in France registrations were up 13%. In Spain new car registration have risen 12.6% and in Germany 12%.
Robinson continued, “The growth in the European car market shows that European economies are still showing a continued recovery from the economic downturn. It is positive to see that European consumers feel confident to buy new vehicles. We are optimistic this trend will continue and the European car market will remain buoyant.”