Europe recovery on pace in France, Spain and Italy image

The region’s automotive sector, at least when it comes to big markets like the three, is showing further signs of recovery from the almost six years declines, with June’s tally positive in France, Spain and Italy.

The new car sales in the three top western countries were buoyed by the ongoing incentive war – which has deeply taken its toll on earnings – and by the introduction of new and refreshed models.

In France, the sales last month rose by 3%, in Italy they grew by 4% and Sapin posted another huge jump, of 24%. The Paris-based CCFA carmakers’ association said the rise in France makes them predict a full year increase for the overall market of 2%.

“Taking account of the current economic realities we nonetheless maintain a certain prudence about the passenger car market in 2014,” said association head Patrick Blain.

Among the best performers in France were Renault and its affordable Dacia brand (rising 25%), while mainstream rivals PSA Peugeot Citroen, Ford, General Motors, Toyota and Volkswagen all posted declines.

In Italy, the gains for the overall market were buoyed by the Renault, Dacia and Peugeot brands, while the local Fiat brand finally staged a comeback and posted a 5% rise in deliveries.

Spain, driven by the ongoing government scrappage scheme, has posted a first half-year growth of 18%, while June was the tenth consecutive month of increases. Among the brands that fared extremely well were Ford, Fiat, VW and Renault – posting increases close to 50%.

Via Automotive News Europe