From January to August 2017, more than 10 million new vehicles were registered across the European Union (EU), reports the European Automobile Manufacturers Association (ACEA). The association also reported the highest August vehicle registrations across Europe since 2008.
In the first eight months of the year, vehicle registrations rose by 4.5% compared to the same period in 2016. The highest increase was in Italy (+9.1%), followed by Spain (+6.9%) and France (+4.2%). The UK registered a slight decline in registrations (-2.4%), while the new EU member states performed particularly well (+14.3%), making a significant contribution to the region’s results.
In the month of August 2017, passenger car registrations increased by 5.6% across the EU, totalling 865,047 units, compared to 819,349 units in August 2016. The highest vehicle demand for this month was again seen in Italy (+15.8%) and Spain (+13.0%), followed by France and Germany (+9.4% and +3.5% respectively), while demand for cars declined in the United Kingdom (-6.4%).
Among the vehicle manufacturers reported, VW Group performed best with a 23.5% share of the market from January-July 2017, with the Volkswagen (10.8%) and Audi (5.3%) brands leading vehicle registrations. This represents a slight drop from VW Group’s market share of 23.9% in January-July 2016.