European new car registrations drives ahead

A great sales performance for April in major European car markets has marked 32 consecutive months of growth.  

According to figures published by ACEA (European Automobile Manufacturers’ Association), in April 2016, passenger car registrations in the EU grew again by 9.1 per cent compared to April 2015, reaching 1,273,733 units. This was the best April in terms of volume since 2008.

Amongst the largest European markets Spain returned to form after last month decline with registrations up 21.2 per cent, followed by Italy which saw a double-digit growth too (+11.5 per cent). Germany (+8.4 per cent), France (+7.1 per cent ) and the UK (+2.0 per cent) also performed well.

In the first four months of the year registrations rose 8.5pef cent in Europe, totalling more than 5 million units (5,094,026), while in Ireland the new car market is up 26.12 per cent. The UK market also grew by 4.4 per cent year-to-date.

This positive trend continues to reflect the gradual recovery of the European economy and there is a positive outlook in Ireland and in all the major European markets, including the UK.