ACEA reports European new car market up 8.7% in February

In February, reports the ACEA, new car registrations in Europe (EU27+EFTA) were 8.7% higher at 1,180,842 units than in the same month in 2007, helped by one extra working day in the whole region. Western Europe accounted for a 7.7% increase and registrations in the new EU member states rose by 20.5%.
 
In Western Europe, the German market recorded the largest growth (+24.8%) and the most cars registered (228,623) in absolute terms. The Spanish market roughly equaled last year¡¯s February results (+0.7%). The other main Western European markets noted a drop in registrations, with Italy ending the month at ¨C3.9% and the UK as previously reported by the SMMT at ¨C5.4%. Overall, a quarter of the Western European national markets saw registrations decrease.
 
The cumulative January-February figures were 2.7% higher in Western Europe and 3.8% higher in the EU27 as compared with the same period last year.
 
Apart from Latvia, all ¡®new¡¯ EU member states reported increased car sales. The major markets remain Poland (+28.1%), Romania (+37.1%), Hungary (+7.1%) and the Czech Republic (+15.8%). Poland and Romania registered the most cars in absolute terms, with 28,182 and 21,423, respectively. Two months into the year, cumulative figures for the CEE countries showed an 18.6% increase.
 
Data by manufacturer and by country can be downloaded from www.acea.be.
From: auto industry.uk/news

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