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EU new car registrations in June back to pre-crisis level

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Passenger car registrations across the entire EU were up only slightly last June: +2.1% to about 1.5 million units. But, says European car manufacturers association ACEA, that volume is the best June score in a decade: only slightly less than in 2007, just before the financial crisis broke. 

Results among the five big markets were rather diverse, with Italy (+12.9%) and Spain (+6.5%) performing very well, while the UK and Germany saw registrations decline (‐4.8% and ‐3.5% respectively). Noteworthy was the strong performance of the new EU
member states (+12.0%), making a significant contribution to region’s results.

Over the first half of 2017, EU demand for passenger cars grew (+4.7%), with more than 8 million new vehicles registered. Italy (+8.9%), Spain (+7.1%), Germany (+3.1%) and France (+3.0%) saw their demand increase, while the United Kingdom registered a slight decline (‐1.3%).

Image: ACEA

Sunday, July 16, 2017 - 14:30Frank JacobsCar ManufacturersEurope
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