High single-digit growth for UK car market

European new passenger car registrations by market

The UK car market continued to grow at a rate far higher than the European average in November. The European Automobile Manufacturers Association, or ACEA, reports that the UK market grew 8.0 per cent year-on-year during the month, contrasting with other major markets such as France, which contracted 2.7 per cent, and Germany, which shrank 1.8 per cent year-on-year. UK growth even outstripped that posted by the EU members that joined the union after 2004; their average year-on-year growth was 5.5 per cent in November. Average growth across the European Union during the month was 1.4 per cent.

From January to November, 11,600,383 new passenger were registered in the EU, or 5.7 per cent more than in the same period last year. Looking at the largest markets, France remained stable (+1.1%), while Germany (+2.6%), Italy (+4.3%) and the UK (+9.4%) expanded. Spain (+18.1%) posted double‐digit growth.

Comments
Comments closed