The EU market is slowly gaining momentum

FineAuto
The EU market is slowly gaining momentum

As reported by Ukrautoprom, in October of 2019, the market of passenger cars in the EU increased by 8.7% and amounted to 1 177 746 units. This is the highest October figure in the history of observations since 2009. In October last year, the number of registrations fell by 7.3% after the entry into force of a new test procedure for compliance with vehicle fuel efficiency standards and environmental WLTP what was a low base for comparison for 2019.

Last month almost all EU countries reported an increase in registrations, with the exception of Cyprus and the UK. Four of the five major EU markets saw significant growth in Germany (+12,7%), France (+8.7 percent), Italy (+6.7 per cent) and Spain (+6.3 percent), while car sales in the UK fell by almost seven percent.

Germany regained the first place among countries in the number of registrations of new cars – 284 593 cars.

In second place is France, where in October there were 188 987 cars.

Closes the top three leadership Italy, where it was sold 156 851 new cars.

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As for European manufacturers, the first line has traditionally been VW Group, which within one month has sold in the EU 293 077 auto, the increase was 30.8% compared to October.

In the second place PSA Group with a score of 178 475 sold vehicles, which is 5.1% lower than a year ago.

And the third result from the RENAULT Group – 119 275 pieces (growth of 13.2%).

Only in the period from January to October the number of newly registered cars decreased by 0.7% compared with the first 10 months of 2018. Although demand in the EU increased in September and October, Germany (+3.4 percent) remained the only major European market which showed growth in 2019. Spain (-6,3%) and the UK (-2.9 percent), in contrast, noted the strong decline in 10 months of the year, while the Italian (-0.8%) and French (-0,3%) markets almost recovered to the volumes 2018.

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