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Europe's New Car Registrations Rise In August

MADRID (Alliance News) - Europe's new car registrations increased at a faster pace in August, ...

Alliance News 14 September, 2017 | 7:21AM
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MADRID (Alliance News) - Europe's new car registrations increased at a faster pace in August, data published by the European Automobile Manufacturers' Association showed Thursday.

Passenger car sales grew 5.6% year-on-year to 865,047 units in August. The pace of growth accelerated from July's 2.7% increase.

In volume terms, August figures topped those of August 2008, marking the European market's best performance in a decade, ACEA said.

Among five big markets, sales in Italy and Spain posted double-digit growth of 15.8% and 13%, respectively. Sales in France and Germany climbed 9.4% and 3.5%, respectively.

Meanwhile, demand for cars declined by 6.4% in the UK.

During January to August, demand for passenger cars maintained momentum throughout Europe. With more than 10 million new vehicles registered across the EU, registrations advanced 4.5% compared to the same period of 2016.

Copyright RTT News/dpa-AFX

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