News from Notch Consulting, Inc.

January 30, 2018

European new car sales hit 10-year high, UK declining quickly

Filed under: Auto — Notch @ 12:33 pm

New passenger car registrations in Europe increased by 3.4 percent in 2017. This marked four consecutive years of growth and the best result since 2007 when 16 million units were registered. Registrations rose in the majority of the largest EU markets: Italy (7.9%) and Spain (7.7%) were followed by France (4.7%) and Germany (2.7%). In the UK the market declined by 5.7%.

“The EU new car market is expected to stabilize in 2018, but with rising employment levels and an increasing appetite for new cars across not only the large but also the small and medium markets, new car registrations in Europe are likely to remain at high levels,” said Sue Robinson, director of the National Franchised Dealers Association (NFDA).

Referenced article found here.

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: