The European car market saw a slight increase of 0.5% in May year-on-year, according to the latest data from JATO Dynamics.
The UK was once again able to contribute to new car registrations growth in the European market as the region saw volumes rise by 9% overall.
Jato Dynamics has concluded that changes to vehicle emissions test standards across Europe are set to “result in higher purchase and ownership” costs for motorists.
Europe’s continued growth in new car registrations “could become dependent on a select few markets” after 13 of the region’s 27 markets register sales declines, Jato Dynamics has revealed.
New car registrations have reached their highest level since 2008 as a result of double-digit growth in key markets such as Germany, Spain, the Netherlands, Belgium and Poland.
FCA Group will phase-out production of diesel cars as part of a decision to ditch the fuel completely by 2022, it has been claimed.
The strength of Europe’s car retail revival was enough to override the UK’s decline as registrations across the region rose by 3.1% to 15.6m units during 2017.
A surge in the popularity of SUVs has been credited for a 5.2% rise in registrations across Europe as the sector claimed almost one-third of all new car sales during November.
European car registrations were said to have demonstrated ‘resilience’ with 5.6% rise in October on the back of a 2.2% decline the previous month.
Stringent emissions testing could be a catalyst for a golden age of innovation in engine and battery design but banning diesel is set to have a “boomerang effect” on CO2 rates, Jato Dynamics has warned.
September’s 9% decrease in UK new car registrations has been reflected by a 4.1% reduction in vehicle production in the nation’s manufacturing facilities, the SMMT has reported.
European car registrations suffered a 2.2% decline in September with Jato Dynamics partly blaming “Brexit uncertainty” for the faltering market.
New car registrations grew by 5.4% across Europe during August 2017 as the UK suffered a 6.4% fall for the same period, according to figures published by Jato Dynamics.
The UK was the only market from the big five in Europe to see a decline in new car registrations over the first half of this year.
European new car registrations contrasted those in the UK with an overall rise of 7.5% during May.
With 2016 a record year for car registrations, it’s probably fair to say that the industry is booming.
European car registrations fell by 7.1% in April as diesel continued to lose popularity among consumers, according to reports by Jato Dynamics.
The introduction of WLTP in September is an important step for the automotive industry, but it doesn’t come without challenges.
European consumers made last month the second best February for new car registrations since 2008.
New car registrations in Europe in January were up 9.4%, to 1.2 million units, compared to the same month the previous year.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 12 2020
Where: Birmingham NEC
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