Two of the most important western European markets, Germany and the UK, have seen the August sales take a positive note as the continent’s recovery takes hold.
According to the British Society of Motor Manufacturers and Traders (SMMT), new vehicle registrations in the UK soared almost 10 percent last month as consumers were attracted by the cheap financing agreement. The total sales in August were up by 9.6 percent to 79,060 units, announced the association in a recent statement. The surge last month will be the 42nd straight month of delivery growth for the UK market.
“Augusts’ strong performance has again been driven by attractive finance deals and a diverse range of technologically advanced models,” commented Mike Hawes, SMMT chief executive. “Britain’s budget-conscious buyers are taking advantage of low regular monthly payments that provide certainty and affordability.”
The latest forecast by the SMMT for the full year tally has the deliveries going up almost 4 percent to 2.57 million units, but the sales through last month have already gone over the prediction – rising 6.7 percent to 1.53 million autos.
Meanwhile Germany, the largest auto market in Europe, has seen new vehicle registrations surge 6.2 percent to 226,300 vehicles last month, according to the VDIK importers association. Growth was a little more relaxed last month compared to July when it jumped by seven percent. After the first eight months of the year the biggest market on the continent had seen deliveries rise 5.6 percent to 2.14 million units, said the VDIK, according to official registration figures.
Via Automotive News Europe