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.