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OCTOBER: UK IN THE TOP THREE OF THE LARGEST EUROPEAN MARKETBack

AceaLogoIt is encouraging to see that the UK market remained strong in October with a growth rate which was in the top three amongst the largest European car markets.

In October, European passenger car registrations stabilised (-0.02%), with a total of 1,104,506 units. Italy (+9.7%), Spain (+4.0%) and the United Kingdom (+1.4%) rose, whereas figures were down in Germany (-5.6%) and France (-4.0%) compared with last year.

Positively, in the first ten months of the year all major EU markets have grown by 7.2% with a total of 12,348,502 units.

The UK has also seen one of most substantial increases in Alternative Fuel Vehicles registrations in the EU. In the third quarter of 2016, the UK saw a massive growth of 30.5%, which followed Spain (+44.8%) and Germany (+33.9%).

Despite challenges over the last few months, the UK has been continuously performing well and October’s results confirmed this trend. We expect the market to remain stable until at least the end of the year.

 

Posted by Sue Robinson on 18/11/2016