Brussels – The European Automobile Manufacturers’ Association (ACEA) revised its forecast for 2016 car registrations upwards to five percent from its initial January prediction of two percent growth.
ACEA president Dieter Zetsche made the forecast at the association’s 25th anniversary General Assembly meeting in Berlin. In terms of units, this would mean that more than 14 million cars sold.
Zetsche said: “Looking ahead, we now forecast growth for European Union passenger car sales in the region of 5% this year.
However, he urged caution on the overall state of the market.
Zetsche added: “It’s important to note that we are still below pre-crisis level of 15.5 million units.
“We need political partners who continue to stand by the principles of free trade and are determined to safeguard the positive momentum of our industry. Everyone at ACEA is determined to accelerate it.”