Spain leads EU car registrations

POSTIVE: Spain among the best in the EU. UK in negative territory Photo credit: Twitter

IN NOVEMBER 2017, registrations of new passenger cars in the EU totalled 1,216,702 units. Demand increased by 5.9 per cent compared to the same month last year, mostly driven by the fact that there was one extra working day this November.

Nearly all major EU markets performed well: Spain (+12.4 per cent) and France (+10.3 per cent) posted double-digit growth, followed by Germany (+9.4 per cent) and Italy (+6.8 per cent). The UK car market, however, contracted for the eighth consecutive month, with registrations falling by 11.2 per cent in November.

Eleven months into the year, the European car market continued its positive momentum (+4.1 per cent), counting more than 14 million new passenger cars registered. Among the five big markets, Italy (+8.7 per cent) and Spain (+7.8 per cent) recorded the strongest gains, followed by France (+5.3 per cent) and Germany (+3.0 per cent). By contrast, car demand in the United Kingdom has decreased by 5.0 per cent so far in 2017.

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