The year has started positively for two of the largest European markets, Spain and France, with new car registrations up 28 percent and 6 percent, respectively.
Deliveries in Spain soared last month by 28 percent to a total of 68,118 units, marking the country’s 17th consecutive month of increases, according to car manufacturers’ association Anfac. The figure reported in January compares favorably to the 21 percent growth registered in December, with the Spanish auto market still supported by the ongoing government subsidy scheme. The government officials last November officially extended the PIVE program, offering price reductions for the seventh-time for cars with low-emissions. The scheme awards car owners who decide to scrap their old car a total of 2,000 euros if they purchase a new, low-emission vehicle half from the government and half from the automaker.
Neighboring France also reported gains for the January sales, with deliveries climbing 6 percent to 132,824 autos. The increase has put an end to a three-month slide, according to the country’s main industry body – the CCFA. Data from the association showed that domestic carmakers Renault and PSA/Peugeot Citroen were outpaced by foreign brands as new car registrations soared from 125,454 units in January 2014 to 132,824 vehicles last month. Renault dropped 3 percent, PSA Peugeot Citroen climbed 3 percent, though Volkswagen, BMW, Toyota and Nissan all beat the overall market with larger sales. Overall light vehicle sales actually climbed just 3 percent, as utility van registrations slid 9 percent in January, the CCFA added.
Via Automotive News Europe