July sees continued turnaround across European markets image

The recovery in European car deliveries has continued last month with top markets such as Germany, France, Italy and Spain posting positive results.

The monthly gains were spread uneven though, ranging from a meager two percent in France to a full 24 percent in Spain. The European auto market has finally started a long recovery last year following a six-year slump in demand triggered by the financial crisis that took sales to decade lows. But the western European markets have now recovered – albeit slower than expected – as rising economic power and consumer confidence were counterbalanced by the Greece woes and the Russian economic crisis. In Germany, according to the most recent statement coming from the KBA federal transport authority, passenger vehicle registrations in the country jumped 7.4 percent in July to a total of 290,196. Europe’s largest auto market and biggest economy saw seven month total climbing 5.6 percent to a tally of 1.91 million autos.

France posted the smallest gain among the major western European markets with sales rising 2.3 percent last month to 147,132 units, according to a Monday assessment showed by the CCFA industry association. The industry body said the advances were mostly present at carmakers such as Fiat and PSA Peugeot Citroen that launched new or updated models. In Italy deliveries jumped 15 percent last month to a tally of 131,489 autos. Meanwhile, Spain – thanks to a rekindled incentive program supported by the government and the automakers – remained the absolute champion with growth of 24 percent. The country has tallied 23 consecutive months of increased deliveries thanks in part to the recovering local economy.

Via Automotive News Europe