Europe car sales rise almost 7% to 9-year high in 2016
Europe car sales rise almost 7% to 9-year high in 2016
European car sales rose 6.Five percent to 15.1 million in two thousand sixteen — a nine-year high — as request was propelled by growth across the region’s key markets.
Despite political instability and economic uncertainty following key events in two thousand sixteen that included the Brexit vote and a referendum in Italy, the positive annual result shows that consumer confidence has remained sturdy, industry association ACEA said in a statement on Tuesday.
Preparations for an exit from the European Union haven’t significantly hit request in the UK yet, with annual registrations rising Two.Three percent. In Germany, the region’s largest market, full-year sales were up Four.Five percent, while request in France enlargened by Five.1 percent. In the southern European markets of Italy and Spain, registrations rose sixteen percent and eleven percent, respectively.
The U.K.’s auto market is likely, however, to contract as much as five percent this year as carmakers raise prices in the wake of the Brexit vote and the economy slows, according to research company LMC Automotive. Sales across the region will very likely grow 1.8 percent in two thousand seventeen and one percent in 2018, LMC said.
“The macro environment remains mostly supportive, with a general recovery combined with low inflation, low interest rates, job creation and wage gains,” said Ian Fletcher, an analyst at research company IHS Markit who predicts “far more modest” car-sales growth this year and a plane market in 2018. “Brexit is likely to begin becoming a factor over the next duo of years,” Fletcher added.
Registrations last month across the European Union and European Free Trade Area countries advanced to Three.Two percent to 1.Nineteen million cars, ACEA said.
Renault Group, which includes the Renault and Dacia brands, posted a fourteen percent increase in sales last month, to overtake PSA Group as Europe’s second-largest automaker after Volkswagen Group.
Renault brand enhanced sales last month by fifteen percent bolstered fresh vehicles such as the Kadjar SUV, Espace minivan and Megane compact. Dacia’s sales rose nine percent in December.
PSA’s sales dipped fifteen percent last month due to declines of fifteen percent at Peugeot, ten percent at Citroen and forty one percent at DS Automobiles, which is fighting with an aging lineup.
VW Group sales enlargened 7.1 percent, propelled by a sixty four percent rise at Porsche, a seventeen percent surge by Audi and a fourteen percent increase in request for Skoda vehicles. Seat’s volume rose Five.7 percent, while the company’s main VW marque fell 0.6 percent in December.
Registrations at Fiat brand rose twelve percent, while Jeep volume hopped ten percent last month.
“Customers shifted from Volkswagen to other mass manufacturers, such as Renault and Fiat Chrysler,” said Commerzbank analyst Sascha Gommel. “The main reason Renault sold more cars has to do with its product cycle. They have a very youthful portfolio.”
• Download PDF, below, for sales by automaker, brand and market
Also outperforming the market in December were Daimler, whose volume rose by sixteen percent with Mercedes sales up fifteen percent and Brainy growing by twenty five percent. In contrast, sales at rival BMW brand dropped Two.8 percent, with Mini sales down Two.9 percent.
Ford registrations fell Four.Two percent, while Opel sales rose Two.7 percent.
Jaguar Land Rover was up Four.8 percent, buoyed by a fifty six percent boost in Jaguar registrations that offset a eleven percent fall at Land Rover. Volvo sales fell thirteen percent.
Among Asian brands, Toyota sales grew 8.9 percent, Nissan by Two.Trio percent and Kia by eleven percent. Hyundai sales fell Four.9 percent.
Reuters and Bloomberg contributed to this report.
Europe car sales rise almost 7% to 9-year high in two thousand sixteen
Europe car sales rise almost 7% to 9-year high in 2016
European car sales rose 6.Five percent to 15.1 million in two thousand sixteen — a nine-year high — as request was propelled by growth across the region’s key markets.
Despite political instability and economic uncertainty following key events in two thousand sixteen that included the Brexit vote and a referendum in Italy, the positive annual result shows that consumer confidence has remained sturdy, industry association ACEA said in a statement on Tuesday.
Preparations for an exit from the European Union haven’t significantly hit request in the UK yet, with annual registrations rising Two.Trio percent. In Germany, the region’s largest market, full-year sales were up Four.Five percent, while request in France enlargened by Five.1 percent. In the southern European markets of Italy and Spain, registrations rose sixteen percent and eleven percent, respectively.
The U.K.’s auto market is likely, however, to contract as much as five percent this year as carmakers raise prices in the wake of the Brexit vote and the economy slows, according to research company LMC Automotive. Sales across the region will very likely grow 1.8 percent in two thousand seventeen and one percent in 2018, LMC said.
“The macro environment remains mostly supportive, with a general recovery combined with low inflation, low interest rates, job creation and wage gains,” said Ian Fletcher, an analyst at research company IHS Markit who predicts “far more modest” car-sales growth this year and a vapid market in 2018. “Brexit is likely to commence becoming a factor over the next duo of years,” Fletcher added.
Registrations last month across the European Union and European Free Trade Area countries advanced to Three.Two percent to 1.Nineteen million cars, ACEA said.
Renault Group, which includes the Renault and Dacia brands, posted a fourteen percent increase in sales last month, to overtake PSA Group as Europe’s second-largest automaker after Volkswagen Group.
Renault brand enhanced sales last month by fifteen percent bolstered fresh vehicles such as the Kadjar SUV, Espace minivan and Megane compact. Dacia’s sales rose nine percent in December.
PSA’s sales dipped fifteen percent last month due to declines of fifteen percent at Peugeot, ten percent at Citroen and forty one percent at DS Automobiles, which is fighting with an aging lineup.
VW Group sales enlargened 7.1 percent, propelled by a sixty four percent rise at Porsche, a seventeen percent surge by Audi and a fourteen percent increase in request for Skoda vehicles. Seat’s volume rose Five.7 percent, while the company’s main VW marque fell 0.6 percent in December.
Registrations at Fiat brand rose twelve percent, while Jeep volume leaped ten percent last month.
“Customers shifted from Volkswagen to other mass manufacturers, such as Renault and Fiat Chrysler,” said Commerzbank analyst Sascha Gommel. “The main reason Renault sold more cars has to do with its product cycle. They have a very youthfull portfolio.”
• Download PDF, below, for sales by automaker, brand and market
Also outperforming the market in December were Daimler, whose volume rose by sixteen percent with Mercedes sales up fifteen percent and Brainy growing by twenty five percent. In contrast, sales at rival BMW brand dropped Two.8 percent, with Mini sales down Two.9 percent.
Ford registrations fell Four.Two percent, while Opel sales rose Two.7 percent.
Jaguar Land Rover was up Four.8 percent, buoyed by a fifty six percent boost in Jaguar registrations that offset a eleven percent fall at Land Rover. Volvo sales fell thirteen percent.
Among Asian brands, Toyota sales grew 8.9 percent, Nissan by Two.Three percent and Kia by eleven percent. Hyundai sales fell Four.9 percent.
Reuters and Bloomberg contributed to this report.
Europe car sales rise almost 7% to 9-year high in two thousand sixteen
Europe car sales rise almost 7% to 9-year high in 2016
European car sales rose 6.Five percent to 15.1 million in two thousand sixteen — a nine-year high — as request was propelled by growth across the region’s key markets.
Despite political instability and economic uncertainty following key events in two thousand sixteen that included the Brexit vote and a referendum in Italy, the positive annual result shows that consumer confidence has remained sturdy, industry association ACEA said in a statement on Tuesday.
Preparations for an exit from the European Union haven’t significantly hit request in the UK yet, with annual registrations rising Two.Three percent. In Germany, the region’s largest market, full-year sales were up Four.Five percent, while request in France enlargened by Five.1 percent. In the southern European markets of Italy and Spain, registrations rose sixteen percent and eleven percent, respectively.
The U.K.’s auto market is likely, however, to contract as much as five percent this year as carmakers raise prices in the wake of the Brexit vote and the economy slows, according to research company LMC Automotive. Sales across the region will very likely grow 1.8 percent in two thousand seventeen and one percent in 2018, LMC said.
“The macro environment remains mostly supportive, with a general recovery combined with low inflation, low interest rates, job creation and wage gains,” said Ian Fletcher, an analyst at research company IHS Markit who predicts “far more modest” car-sales growth this year and a vapid market in 2018. “Brexit is likely to embark becoming a factor over the next duo of years,” Fletcher added.
Registrations last month across the European Union and European Free Trade Area countries advanced to Three.Two percent to 1.Nineteen million cars, ACEA said.
Renault Group, which includes the Renault and Dacia brands, posted a fourteen percent increase in sales last month, to overtake PSA Group as Europe’s second-largest automaker after Volkswagen Group.
Renault brand enhanced sales last month by fifteen percent bolstered fresh vehicles such as the Kadjar SUV, Espace minivan and Megane compact. Dacia’s sales rose nine percent in December.
PSA’s sales dipped fifteen percent last month due to declines of fifteen percent at Peugeot, ten percent at Citroen and forty one percent at DS Automobiles, which is fighting with an aging lineup.
VW Group sales enhanced 7.1 percent, propelled by a sixty four percent rise at Porsche, a seventeen percent surge by Audi and a fourteen percent increase in request for Skoda vehicles. Seat’s volume rose Five.7 percent, while the company’s main VW marque fell 0.6 percent in December.
Registrations at Fiat brand rose twelve percent, while Jeep volume leaped ten percent last month.
“Customers shifted from Volkswagen to other mass manufacturers, such as Renault and Fiat Chrysler,” said Commerzbank analyst Sascha Gommel. “The main reason Renault sold more cars has to do with its product cycle. They have a very youthful portfolio.”
• Download PDF, below, for sales by automaker, brand and market
Also outperforming the market in December were Daimler, whose volume rose by sixteen percent with Mercedes sales up fifteen percent and Clever growing by twenty five percent. In contrast, sales at rival BMW brand dropped Two.8 percent, with Mini sales down Two.9 percent.
Ford registrations fell Four.Two percent, while Opel sales rose Two.7 percent.
Jaguar Land Rover was up Four.8 percent, buoyed by a fifty six percent boost in Jaguar registrations that offset a eleven percent fall at Land Rover. Volvo sales fell thirteen percent.
Among Asian brands, Toyota sales grew 8.9 percent, Nissan by Two.Three percent and Kia by eleven percent. Hyundai sales fell Four.9 percent.
Reuters and Bloomberg contributed to this report.
Europe car sales rise almost 7% to 9-year high in two thousand sixteen
Europe car sales rise almost 7% to 9-year high in 2016
European car sales rose 6.Five percent to 15.1 million in two thousand sixteen — a nine-year high — as request was propelled by growth across the region’s key markets.
Despite political instability and economic uncertainty following key events in two thousand sixteen that included the Brexit vote and a referendum in Italy, the positive annual result shows that consumer confidence has remained sturdy, industry association ACEA said in a statement on Tuesday.
Preparations for an exit from the European Union haven’t significantly hit request in the UK yet, with annual registrations rising Two.Three percent. In Germany, the region’s largest market, full-year sales were up Four.Five percent, while request in France enhanced by Five.1 percent. In the southern European markets of Italy and Spain, registrations rose sixteen percent and eleven percent, respectively.
The U.K.’s auto market is likely, however, to contract as much as five percent this year as carmakers raise prices in the wake of the Brexit vote and the economy slows, according to research company LMC Automotive. Sales across the region will most likely grow 1.8 percent in two thousand seventeen and one percent in 2018, LMC said.
“The macro environment remains mostly supportive, with a general recovery combined with low inflation, low interest rates, job creation and wage gains,” said Ian Fletcher, an analyst at research company IHS Markit who predicts “far more modest” car-sales growth this year and a plane market in 2018. “Brexit is likely to embark becoming a factor over the next duo of years,” Fletcher added.
Registrations last month across the European Union and European Free Trade Area countries advanced to Three.Two percent to 1.Nineteen million cars, ACEA said.
Renault Group, which includes the Renault and Dacia brands, posted a fourteen percent increase in sales last month, to overtake PSA Group as Europe’s second-largest automaker after Volkswagen Group.
Renault brand enhanced sales last month by fifteen percent bolstered fresh vehicles such as the Kadjar SUV, Espace minivan and Megane compact. Dacia’s sales rose nine percent in December.
PSA’s sales dipped fifteen percent last month due to declines of fifteen percent at Peugeot, ten percent at Citroen and forty one percent at DS Automobiles, which is fighting with an aging lineup.
VW Group sales enlargened 7.1 percent, propelled by a sixty four percent rise at Porsche, a seventeen percent surge by Audi and a fourteen percent increase in request for Skoda vehicles. Seat’s volume rose Five.7 percent, while the company’s main VW marque fell 0.6 percent in December.
Registrations at Fiat brand rose twelve percent, while Jeep volume hopped ten percent last month.
“Customers shifted from Volkswagen to other mass manufacturers, such as Renault and Fiat Chrysler,” said Commerzbank analyst Sascha Gommel. “The main reason Renault sold more cars has to do with its product cycle. They have a very youthfull portfolio.”
• Download PDF, below, for sales by automaker, brand and market
Also outperforming the market in December were Daimler, whose volume rose by sixteen percent with Mercedes sales up fifteen percent and Brainy growing by twenty five percent. In contrast, sales at rival BMW brand dropped Two.8 percent, with Mini sales down Two.9 percent.
Ford registrations fell Four.Two percent, while Opel sales rose Two.7 percent.
Jaguar Land Rover was up Four.8 percent, buoyed by a fifty six percent boost in Jaguar registrations that offset a eleven percent fall at Land Rover. Volvo sales fell thirteen percent.
Among Asian brands, Toyota sales grew 8.9 percent, Nissan by Two.Three percent and Kia by eleven percent. Hyundai sales fell Four.9 percent.
Reuters and Bloomberg contributed to this report.
Europe car sales rise almost 7% to 9-year high in two thousand sixteen
Europe car sales rise almost 7% to 9-year high in 2016
European car sales rose 6.Five percent to 15.1 million in two thousand sixteen — a nine-year high — as request was propelled by growth across the region’s key markets.
Despite political instability and economic uncertainty following key events in two thousand sixteen that included the Brexit vote and a referendum in Italy, the positive annual result shows that consumer confidence has remained sturdy, industry association ACEA said in a statement on Tuesday.
Preparations for an exit from the European Union haven’t significantly hit request in the UK yet, with annual registrations rising Two.Trio percent. In Germany, the region’s largest market, full-year sales were up Four.Five percent, while request in France enlargened by Five.1 percent. In the southern European markets of Italy and Spain, registrations rose sixteen percent and eleven percent, respectively.
The U.K.’s auto market is likely, however, to contract as much as five percent this year as carmakers raise prices in the wake of the Brexit vote and the economy slows, according to research company LMC Automotive. Sales across the region will most likely grow 1.8 percent in two thousand seventeen and one percent in 2018, LMC said.
“The macro environment remains mostly supportive, with a general recovery combined with low inflation, low interest rates, job creation and wage gains,” said Ian Fletcher, an analyst at research company IHS Markit who predicts “far more modest” car-sales growth this year and a plane market in 2018. “Brexit is likely to begin becoming a factor over the next duo of years,” Fletcher added.
Registrations last month across the European Union and European Free Trade Area countries advanced to Trio.Two percent to 1.Nineteen million cars, ACEA said.
Renault Group, which includes the Renault and Dacia brands, posted a fourteen percent increase in sales last month, to overtake PSA Group as Europe’s second-largest automaker after Volkswagen Group.
Renault brand enhanced sales last month by fifteen percent bolstered fresh vehicles such as the Kadjar SUV, Espace minivan and Megane compact. Dacia’s sales rose nine percent in December.
PSA’s sales dipped fifteen percent last month due to declines of fifteen percent at Peugeot, ten percent at Citroen and forty one percent at DS Automobiles, which is fighting with an aging lineup.
VW Group sales enlargened 7.1 percent, propelled by a sixty four percent rise at Porsche, a seventeen percent surge by Audi and a fourteen percent increase in request for Skoda vehicles. Seat’s volume rose Five.7 percent, while the company’s main VW marque fell 0.6 percent in December.
Registrations at Fiat brand rose twelve percent, while Jeep volume hopped ten percent last month.
“Customers shifted from Volkswagen to other mass manufacturers, such as Renault and Fiat Chrysler,” said Commerzbank analyst Sascha Gommel. “The main reason Renault sold more cars has to do with its product cycle. They have a very youthfull portfolio.”
• Download PDF, below, for sales by automaker, brand and market
Also outperforming the market in December were Daimler, whose volume rose by sixteen percent with Mercedes sales up fifteen percent and Wise growing by twenty five percent. In contrast, sales at rival BMW brand dropped Two.8 percent, with Mini sales down Two.9 percent.
Ford registrations fell Four.Two percent, while Opel sales rose Two.7 percent.
Jaguar Land Rover was up Four.8 percent, buoyed by a fifty six percent boost in Jaguar registrations that offset a eleven percent fall at Land Rover. Volvo sales fell thirteen percent.
Among Asian brands, Toyota sales grew 8.9 percent, Nissan by Two.Trio percent and Kia by eleven percent. Hyundai sales fell Four.9 percent.
Reuters and Bloomberg contributed to this report.
Europe car sales rise almost 7% to 9-year high in two thousand sixteen
Europe car sales rise almost 7% to 9-year high in 2016
European car sales rose 6.Five percent to 15.1 million in two thousand sixteen — a nine-year high — as request was propelled by growth across the region’s key markets.
Despite political instability and economic uncertainty following key events in two thousand sixteen that included the Brexit vote and a referendum in Italy, the positive annual result shows that consumer confidence has remained sturdy, industry association ACEA said in a statement on Tuesday.
Preparations for an exit from the European Union haven’t significantly hit request in the UK yet, with annual registrations rising Two.Three percent. In Germany, the region’s thickest market, full-year sales were up Four.Five percent, while request in France enhanced by Five.1 percent. In the southern European markets of Italy and Spain, registrations rose sixteen percent and eleven percent, respectively.
The U.K.’s auto market is likely, however, to contract as much as five percent this year as carmakers raise prices in the wake of the Brexit vote and the economy slows, according to research company LMC Automotive. Sales across the region will very likely grow 1.8 percent in two thousand seventeen and one percent in 2018, LMC said.
“The macro environment remains mostly supportive, with a general recovery combined with low inflation, low interest rates, job creation and wage gains,” said Ian Fletcher, an analyst at research company IHS Markit who predicts “far more modest” car-sales growth this year and a vapid market in 2018. “Brexit is likely to begin becoming a factor over the next duo of years,” Fletcher added.
Registrations last month across the European Union and European Free Trade Area countries advanced to Three.Two percent to 1.Nineteen million cars, ACEA said.
Renault Group, which includes the Renault and Dacia brands, posted a fourteen percent increase in sales last month, to overtake PSA Group as Europe’s second-largest automaker after Volkswagen Group.
Renault brand enlargened sales last month by fifteen percent bolstered fresh vehicles such as the Kadjar SUV, Espace minivan and Megane compact. Dacia’s sales rose nine percent in December.
PSA’s sales dipped fifteen percent last month due to declines of fifteen percent at Peugeot, ten percent at Citroen and forty one percent at DS Automobiles, which is fighting with an aging lineup.
VW Group sales enlargened 7.1 percent, propelled by a sixty four percent rise at Porsche, a seventeen percent surge by Audi and a fourteen percent increase in request for Skoda vehicles. Seat’s volume rose Five.7 percent, while the company’s main VW marque fell 0.6 percent in December.
Registrations at Fiat brand rose twelve percent, while Jeep volume leaped ten percent last month.
“Customers shifted from Volkswagen to other mass manufacturers, such as Renault and Fiat Chrysler,” said Commerzbank analyst Sascha Gommel. “The main reason Renault sold more cars has to do with its product cycle. They have a very youthfull portfolio.”
• Download PDF, below, for sales by automaker, brand and market
Also outperforming the market in December were Daimler, whose volume rose by sixteen percent with Mercedes sales up fifteen percent and Clever growing by twenty five percent. In contrast, sales at rival BMW brand dropped Two.8 percent, with Mini sales down Two.9 percent.
Ford registrations fell Four.Two percent, while Opel sales rose Two.7 percent.
Jaguar Land Rover was up Four.8 percent, buoyed by a fifty six percent boost in Jaguar registrations that offset a eleven percent fall at Land Rover. Volvo sales fell thirteen percent.
Among Asian brands, Toyota sales grew 8.9 percent, Nissan by Two.Three percent and Kia by eleven percent. Hyundai sales fell Four.9 percent.
Reuters and Bloomberg contributed to this report.
Europe car sales rise almost 7% to 9-year high in two thousand sixteen
Europe car sales rise almost 7% to 9-year high in 2016
European car sales rose 6.Five percent to 15.1 million in two thousand sixteen — a nine-year high — as request was propelled by growth across the region’s key markets.
Despite political instability and economic uncertainty following key events in two thousand sixteen that included the Brexit vote and a referendum in Italy, the positive annual result shows that consumer confidence has remained sturdy, industry association ACEA said in a statement on Tuesday.
Preparations for an exit from the European Union haven’t significantly hit request in the UK yet, with annual registrations rising Two.Three percent. In Germany, the region’s fattest market, full-year sales were up Four.Five percent, while request in France enlargened by Five.1 percent. In the southern European markets of Italy and Spain, registrations rose sixteen percent and eleven percent, respectively.
The U.K.’s auto market is likely, however, to contract as much as five percent this year as carmakers raise prices in the wake of the Brexit vote and the economy slows, according to research company LMC Automotive. Sales across the region will most likely grow 1.8 percent in two thousand seventeen and one percent in 2018, LMC said.
“The macro environment remains mostly supportive, with a general recovery combined with low inflation, low interest rates, job creation and wage gains,” said Ian Fletcher, an analyst at research company IHS Markit who predicts “far more modest” car-sales growth this year and a vapid market in 2018. “Brexit is likely to begin becoming a factor over the next duo of years,” Fletcher added.
Registrations last month across the European Union and European Free Trade Area countries advanced to Three.Two percent to 1.Nineteen million cars, ACEA said.
Renault Group, which includes the Renault and Dacia brands, posted a fourteen percent increase in sales last month, to overtake PSA Group as Europe’s second-largest automaker after Volkswagen Group.
Renault brand enhanced sales last month by fifteen percent bolstered fresh vehicles such as the Kadjar SUV, Espace minivan and Megane compact. Dacia’s sales rose nine percent in December.
PSA’s sales dipped fifteen percent last month due to declines of fifteen percent at Peugeot, ten percent at Citroen and forty one percent at DS Automobiles, which is fighting with an aging lineup.
VW Group sales enlargened 7.1 percent, propelled by a sixty four percent rise at Porsche, a seventeen percent surge by Audi and a fourteen percent increase in request for Skoda vehicles. Seat’s volume rose Five.7 percent, while the company’s main VW marque fell 0.6 percent in December.
Registrations at Fiat brand rose twelve percent, while Jeep volume hopped ten percent last month.
“Customers shifted from Volkswagen to other mass manufacturers, such as Renault and Fiat Chrysler,” said Commerzbank analyst Sascha Gommel. “The main reason Renault sold more cars has to do with its product cycle. They have a very youthfull portfolio.”
• Download PDF, below, for sales by automaker, brand and market
Also outperforming the market in December were Daimler, whose volume rose by sixteen percent with Mercedes sales up fifteen percent and Wise growing by twenty five percent. In contrast, sales at rival BMW brand dropped Two.8 percent, with Mini sales down Two.9 percent.
Ford registrations fell Four.Two percent, while Opel sales rose Two.7 percent.
Jaguar Land Rover was up Four.8 percent, buoyed by a fifty six percent boost in Jaguar registrations that offset a eleven percent fall at Land Rover. Volvo sales fell thirteen percent.
Among Asian brands, Toyota sales grew 8.9 percent, Nissan by Two.Three percent and Kia by eleven percent. Hyundai sales fell Four.9 percent.
Reuters and Bloomberg contributed to this report.
Europe car sales rise almost 7% to 9-year high in two thousand sixteen
Europe car sales rise almost 7% to 9-year high in 2016
European car sales rose 6.Five percent to 15.1 million in two thousand sixteen — a nine-year high — as request was propelled by growth across the region’s key markets.
Despite political instability and economic uncertainty following key events in two thousand sixteen that included the Brexit vote and a referendum in Italy, the positive annual result shows that consumer confidence has remained sturdy, industry association ACEA said in a statement on Tuesday.
Preparations for an exit from the European Union haven’t significantly hit request in the UK yet, with annual registrations rising Two.Three percent. In Germany, the region’s thickest market, full-year sales were up Four.Five percent, while request in France enlargened by Five.1 percent. In the southern European markets of Italy and Spain, registrations rose sixteen percent and eleven percent, respectively.
The U.K.’s auto market is likely, however, to contract as much as five percent this year as carmakers raise prices in the wake of the Brexit vote and the economy slows, according to research company LMC Automotive. Sales across the region will very likely grow 1.8 percent in two thousand seventeen and one percent in 2018, LMC said.
“The macro environment remains mostly supportive, with a general recovery combined with low inflation, low interest rates, job creation and wage gains,” said Ian Fletcher, an analyst at research company IHS Markit who predicts “far more modest” car-sales growth this year and a plane market in 2018. “Brexit is likely to commence becoming a factor over the next duo of years,” Fletcher added.
Registrations last month across the European Union and European Free Trade Area countries advanced to Trio.Two percent to 1.Nineteen million cars, ACEA said.
Renault Group, which includes the Renault and Dacia brands, posted a fourteen percent increase in sales last month, to overtake PSA Group as Europe’s second-largest automaker after Volkswagen Group.
Renault brand enhanced sales last month by fifteen percent bolstered fresh vehicles such as the Kadjar SUV, Espace minivan and Megane compact. Dacia’s sales rose nine percent in December.
PSA’s sales dipped fifteen percent last month due to declines of fifteen percent at Peugeot, ten percent at Citroen and forty one percent at DS Automobiles, which is fighting with an aging lineup.
VW Group sales enhanced 7.1 percent, propelled by a sixty four percent rise at Porsche, a seventeen percent surge by Audi and a fourteen percent increase in request for Skoda vehicles. Seat’s volume rose Five.7 percent, while the company’s main VW marque fell 0.6 percent in December.
Registrations at Fiat brand rose twelve percent, while Jeep volume hopped ten percent last month.
“Customers shifted from Volkswagen to other mass manufacturers, such as Renault and Fiat Chrysler,” said Commerzbank analyst Sascha Gommel. “The main reason Renault sold more cars has to do with its product cycle. They have a very youthful portfolio.”
• Download PDF, below, for sales by automaker, brand and market
Also outperforming the market in December were Daimler, whose volume rose by sixteen percent with Mercedes sales up fifteen percent and Brainy growing by twenty five percent. In contrast, sales at rival BMW brand dropped Two.8 percent, with Mini sales down Two.9 percent.
Ford registrations fell Four.Two percent, while Opel sales rose Two.7 percent.
Jaguar Land Rover was up Four.8 percent, buoyed by a fifty six percent boost in Jaguar registrations that offset a eleven percent fall at Land Rover. Volvo sales fell thirteen percent.
Among Asian brands, Toyota sales grew 8.9 percent, Nissan by Two.Three percent and Kia by eleven percent. Hyundai sales fell Four.9 percent.
Reuters and Bloomberg contributed to this report.
