Europe: January sales going up image

Industry data revealed today showed that finally the European region is coming back to life, with car sales growing 5.2 % to 967.778 vehicles in January.

Data from the Association of European Carmakers (ACEA), shows that demand for compact cars picked up pace in every major market and even in the former crisis battered countries like Portugal, Ireland, Italy and Greece.

In the European Union and European Free Trade Association trading bloc models sold by the Volkswagen, Peugeot and Renault brands went up by 7.6, 8.8 and 3.8 percent, respectively.

Every major market in the region saw increased new car sales, with Britain and Spain both up a good 7.6 %, Germany’s sales growing 7.2 %, while Italy and France grew 3.2 and 0.5 %, respectively. The smaller and more problematic countries also saw good growth, with the likes of Ireland going 32.8 % up, Greece growing by 15.4% and Portugal by 31.8 %.

Toyota saw its sales going up 15.2 %, followed by the Renault Group which increased 13%, aided by a 38.1 % surge at the low-cost Dacia brand. General Motors gave Europe a mixed perception, with the soon to be axed Chevrolet brand going 8.9 % up and the Opel/Vauxhall brands down 7.8 %. Ford kept its pace and grew by 8.8% during January.

Europe’s No.1 Group, Volkswagen saw deliveries increased by 8.2%, thanks to a 10.3% surge at Skoda and a 8.5% rise at the premium brand Audi.

Via Reuters