EU passenger car registrations grow at slower rate in April: ACEA

16 May 2014 11:40  [Source: ICIS news]

(clarifies to indicate that increase in new passenger vehicle registrations is on a year on year basis)

LONDON (ICIS)--New passenger car registrations in the EU continued to grow in April, but at less than half the rate of expansion recorded in March, industry body the European Automobile Manufacturers’ Association (ACEA) said on Friday.

Demand for new passenger cars grew for the eighth consecutive month  year on year in April by 4.6%, significantly below the 10.6% demand growth recorded in March, the association said. However, the figure of 1,089,226 new vehicles registered represents the third-lowest result for the month of April since the ACEA began recording data for the enlarged EU in 2003.

Germany was the only major market to face a downturn during the month, contracting by 3.6%. The strongest growth rates were recorded in Spain and UK, which saw upticks of 28.7% and 8.2% respectively for new passenger vehicle registrations. France posted a 5.8% expansion for April, and Italy generated 1.9% increase.

4,336,013 units were sold during the first four months of 2014, a 7.4% year-on-year increase, ACEA added. All major markets posted growth during the period, with Spain’s passenger vehicle market showing the strongest expansion at 16.2%

The UK market grew by 12.5% year on year from January to April, Italy by 5.0%, France by 3.7% and Germany by 2.9%.

ACEA EU passenger vehicle registrations - April 2014
Source: ACEA

ACEA data for the EU does not include Malta.

By: Tom Brown
+44 208 652 3214

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