While all eyes are turned towards the ongoing Paris Motor Show, we also need to focus on the general situation in Europe. The recovery has shown its face yet again in September in three of the region’s largest markets.
Automakers across Europe are growing weary of the feeble recovery that has been seen throughout many of the key markets. Fortunately, September brings some good news: Italy’s deliveries were up slightly by 3%, France grew a little more at 6% and Spain continued its high performance, reporting deliveries were higher by 26% year-over-year.
Official data published by Italy’s transport ministry show the country’s new car sales grew from last September’s figure by 3% to 110,436 vehicles. The best selling brand in Italy was, of course, Fiat – which reached a 27.69 % market share last month, up from 27.59% in August. Overall sales for 2014 are expected to grow slightly to 1.35 million units, but the problem is that last year’s total (1.3 million vehicles) was the lowest since 1978.
France’s CCFA industry association said the car sales last month were boosted by an extra selling day, rising from 142,166 autos in the same month last year to 151,101 units. PSA Peugeot Citroen led domestic gains, with deliveries jumping 17%, while traditional French rival Renault only posted a 5% gain. Overall, the CCFA expects registrations to grow by 2% this year.
Continued support from the government through a car subsidy program that gives incentives to buyers that scrap old cars has again supported an outstanding result in Spain. Car manufacturers’ association Anfac said the country’s new car sales grew 26% (up from 14% in August) last month to 57,010 vehicles. The Spanish officials extended the car-buying program in June with a cash injection of 175 million euros ($238 million) – and this can be seen in the positive result for the first nine months of the year. Anfac reported January to September sales have reached 640,673 units, jumping 175 over the same period of 2013.