A surge in Germany before VAT tax rates rise helped new car sales in Europe rise 3.9% in November, with Fiat, Volkswagen and Toyota leading the charge, industry data showed on Friday.
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According to Reuters, Nissan posted a second consecutive month of solid sales while sister company Renault lost more than a full percentage point of market share.
New car registrations in Europe rose for a second month in a row to 1.22m vehicles, bringing market growth in the first 11 months to a scant 0.8%, the news agency said.
“With the number of working days comparable with respect to November 2005 across the whole region … this result was positively influenced by a sound performance of the German market,” Brussels-based carmakers group ACEA reportedly said.
Reuters noted that the ACEA data reflect registrations in all European Union countries except Malta and Cyprus and includes Norway, Switzerland and Iceland.
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By GlobalDataExcluding the newest EU members, registrations rose 3.9% last month to 1.16m vehicles, the report added.
