Brussels, 17 September 2014 - New passenger car registrations were up by 5.6% in July and by 2.1% in August, pursuing the upward trend commenced twelve months ago
New passenger car registrations were up by 5.6% in July and by 2.1% in August, pursuing the upward trend commenced twelve months ago. Eight months into the year, demand for new cars amounted to 8,336,159 units, or 6.0% more than in the same period last year.
In July, France was the only major market to shrink (-4.3%). Elsewhere, growth ranged from 5.5% in Italy, 6.6% in the UK, 6.8% in Germany and 11.1% in Spain, leading to a 5.6% upturn in the region. Overall, 1,041,683 new cars were registered in the month.
In August, upturn prevailed across significant markets, resulting in an overall 2.1% increase in the EU. France, Germany and Italy registered a slight decrease (-2.6%, -0.4% and -0.2% respectively), while the other major markets expanded, registering 13.7% more in Spain and 9.4% in the UK. The EU* totaled 688,464 new car registrations in the month of August.
From January to August, growth prevailed across major markets, reaching 1.6% in France, 2.6% in Germany, 3.5% in Italy, 10.1% in the UK and 16.4% in Spain. Overall, demand for new cars was 6.0% higher in the EU* than in the first eight months of last year.
* EU28, data for Malta unavailable