EU car sales rise 8% in February with sixth consecutive monthly rise
March 18, 2014
The European Automobile Manufacturers Association (ACEA) has reported that in February 2014 demand for new passenger cars in the EU increased for a sixth consecutive month, with a rise of 8% in registrations. A total of 861,058 units were registered during February 2014 compared with 797,494 in the same month of 2013.
During February 2014, France was the only major market to face a downturn (-1.4%), with all other significant markets contributing positively to the overall expansion of the EU market. Figures reported show growth ranging from +3% in the UK, +4.3% in Germany, +8.6% in Italy to +17.8% in Spain.
It was reported that In the first two months of 2014 new passenger car registrations increased by 6.6%, totalling 1,796,787 units. Most major markets posted growth contributing to the overall upturn. Demand for new passenger cars increased by 5.7% in Germany, 6% in Italy, 6.1% in the UK and 13.1% in Spain. France (-0.5%) was the only significant market where new passenger car registrations declined in this period.
