October’s European Union numbers show the passenger car market continued its upward trend, despite a slower rate of increase (+2.9%), marking the 26th consecutive month of growth.
Demand for new passenger cars saw momentum slowing down in all major markets says the European Automobile Manufacturers Association (ACEA).
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Registrations in Italy (+8.6%), Spain (+5.2%), Germany (+1.1%) and France (+1.0%) kept growing, even though less strong than in past months, while the UK market declined in October (-1.1%).
Across the region, new passenger car registrations totalled 1,104,868 units, also supported by growth in the EU’s new member states.
During the first ten months of 2015, new passenger car registrations increased (+8.2%), surpassing 11.5 million units (11,523,903).
All major markets posted growth, contributing to the overall upturn of the EU market during the period.
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By GlobalDataSpain (+20.5%) and Italy (+14.7%), benefiting from economic recovery and relatively low base comparisons, posted double-digit percentage gains, followed by the UK (+6.4%), France (+5.7%) and Germany (+5.1%).
