European New Car Registrations Increase By 9%

BMW Vehicles

BMW and Daimler saw significant growth of 11.7% and 21.6% respectively.

According to industry data released on Friday, European sales of new cars jumped by 9% in April as all vehicle manufacturers reported increases in sales included embattled auto maker Volkswagen.

Data released by the Brussels-based Association of European Carmakers (ACEA) stated that new car registrations during the month rose to 1.3 million.

The industry group said in a press release:

“The EU passenger car market posted strong results again, marking the 32nd consecutive month of growth.”

“This is the highest result in volume terms since April 2008, just before the economic crisis hit the automotive industry.”

Only in 2014 car sales in Europe returned to positive growth annually after six years of struggling sales as registrations dropped to their lowest numbers in years. The improvement in demand is thought to have been stimulated by retail incentives, improved consumer confidence and launches of new models.

The brands which saw the largest amounts of growth are Daimler and BMW who saw improvements of 21.6% and 11.7% respectively through their Mercedes, Mini and Fiat Chrysler brands.

Surprisingly Volkswagen, who is the biggest manufacturer in Europe saw its sales grow by 5.3% whilst the core brand itself grew by 2.6% in April after a drop of 1.6% the prior month.

Still attempting to rebuff its brand after the emissions-cheating scandal Volkswagen did however lose market share with the data reflecting that its market share slid from 12.7% to 12% compared to April 2015.

However, the group’s market share in the region slipped to 25.4 percent from 26.2 percent as it continued to pay the price of its diesel emissions test-rigging scandal.

Other market brands increased sales with Peugeot seeing an improvement of 5.6%, whilst Renault saw 5.3% and Ford 4%.

The major five markets across Europe gained sales, the largest amount was seen in Spain where registrations spiked by 21.2% with Italy placed second with sales up 11.5%.

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