EU Economy
European car sales rise -- second lowest for a January since 2003
By Finfacts Team
Feb 18, 2014 - 9:52 AM

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In January, the number of new car registrations in the European Union rose for the fifth straight month. However, the continent’s car market is far from buoyant as sales in the opening month of 2014 were the second lowest for a January since 2003.

The latest data was published today by the European Automobile Manufacturers Association (ACEA - - Association des Constructeurs Europeens d'Áutomobiles).

There was a rise of 5.5% in registrations and a total of 935,640 units were registered marking the second lowest result to date for a month of January since ACEA began the series in 2003 with the enlarged EU.

In January 2014, most EU markets posted growth, as did all the major ones, from +7.6% in the UK and Spain, to +7.2% in Germany, +3.2% in Italy and +0.5% in France. Irish car sales were up 32.8% compared with January 2013.

In 2013, sales skid to 11.85m vehicles for the year. This came close to the historic low of 11.7m sales reached in 1995, when the EU was much smaller.

The ACEA said Germany's Volkswagen brands rose 8.9%;  French carmakers PSA Peugeot Citroën  and Renault rose by 7.4% and 13.4%.

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