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European new car market continues to grow

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Europe saw its twelfth month of consecutive growth last month, as the total number of cars sold reached 8.3 million.

Growth has been particularly apparent across the major markets, with Spain (16.4%) and the UK (10.1%) leading the way. The other major markets saw growth at a smaller scale: France (1.6%), Germany (2.6%) and Italy (3.5%). Other success stories can be found in Ireland (30.1%), Portugal (35.7%), Iceland (29.8%) and Croatia (27.3%), who all dramatically grew their market from 2013.

The UK continues to lead the way in terms of success, with August being the 30th consecutive month of growth. 1 in 5 new cars registered across Europe are in the UK, a total of 1,532,355 cars. The expected figure for end of year sales in the UK is 2.45 million, an increase of 8.1% from 2013.

Paris Motor Show

The positive news from Europe will be a boost to car manufacturers ahead of the big motor show in Paris next month. With lots of new makes and models on display, hopes will be high that the growth will continue throughout the year and into the next.

Statistics from the Society of Motor Manufacturers and Traders (SMMT)

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