European car registrations up 5.7% in 2014
Passenger car registrations in the European Union (excluding Malta) rose for the 16th consecutive month in December 2014, with the European Automobile Manufacturers Association (ACEA) reporting sales of 951,329 units, which pushed the monthly tally up 4.7 per cent year-on-year. Looking at the largest markets, the demand increase was mainly led by the significant growth recorded in Spain (+21.4%), followed by the UK (+8.7%), Germany (+6.7%), and Italy (+2.4%), while the French market (-6.7%) displayed less activity than in December 2013. Substantial growth also posted by the new EU member states (+9.6%) and by the EFTA countries (+9.8%) contribute to explain last month’s positive outcome.