“It is extremely positive to see that European new passenger car registrations rose 10% in August, totalling 819,126 units”, said Sue Robinson, Director of the National Franchised Dealers Association (NFDA), which represents franchised car and commercial vehicle retailers across the UK, commenting on figures published by the European Automobile Manufacturers' Association (ACEA).
In August 2016, European passenger car registrations showed a growth of 8.1% year-to-date, and all the largest European markets continued to perform well. Italy saw the largest increase (+20.1%), followed by Spain (+14.6), Germany (+8.3%), France (+6.7%), and the UK (+.3.3%) – all of which performed better than August 2015.
Robinson continued, “After a slightly disappointing July (-1.4% decline), it is reassuring to see that the market has returned to form. The extra working day last month helped European car market perform well in what is typically a weaker volume month due to summer holidays.
“Consumer confidence remains strong in the majority of the countries and, as analysts said, there are no negative signs ahead meaning that European car sales seem set to continue to rise.”
NOTES TO EDITORS:
The Retail Motor Industry represents the interests of operators in England, Wales, Northern Ireland and the Isle of Man providing sales and services to motorists and businesses. The RMI has a formal association with the independent Scottish Motor Trade Association which represents the retail motor industry in Scotland.