EU car market grows despite shrink in France, Germany

Brussels – The EU passenger car registration recorded a moderate growth of 1.4 percent despite a decline of 2.7 percent in France and 1.8 percent in Germany in the month of November. The growth marked the 15^th consecutive month of growth for the EU market.

According to a report released on 16 Dec by the European Automobile Manufacturers Association (ACEA), the UK showed a moderately strong result with 8 percent growth, while new EU member states registered strong double-digit increase in their car registration.

The country showing the highest growth was Portugal with 32.6 percent, followed by Estonia which registered a 26.1 percent growth.

Year-on-year from January to November 2014, with a total of over 11.6 million cars registered, the EU showed a 5.7-percent growth compared with the same period the previous year.