EU posts record car registration figures, UK declines

Brussels – Passenger car registrations in Europe in the month of August increased by 5.6% totalling 865,047 units.

In volume terms, the figures topped those of August 2008 – marking the European market’s best performance in a decade. Among the five big markets, Italy and Spain posted strongest increases with 15.8% and 13.0% rises respectively.

France and Germany with 9.4% and +3.5% rises respectively also registered positive growth while demand in the UK declined 6.4%.

Over the eight month period since the beginning of 2017, EU’s new car registration figures rose 4.5% with Italy and Spain, followed by France and Germany, all reporting growth.

The UK, on the other hand was the only major market which saw a 2.4% decline.