European Car Sales registered positive growth

Due to price cut in car, a hike has been observed in the sales of European cars This gave rise  to consumer’s purchase of new modeled vehicles such as Clio hatchback model from Renault SA. Also the sale of Volkswagen vehicle with Golf has been observed in higher proportion.

Also an increase in registration took place to 6.2% as compared to previous year which also have a figure of 1.03 million as mentioned by the ACEA or European Automobile Manufacturer’s association. There has been a comparison where the figures are 4.9% in the month of December and for throughout 2014 it will be 5.4%.  This year has seen a good response after down side of the last six years.

The countries such as Cyprus, Ireland and Portugal was in a position to get Union –led bailouts between 2010 and 2013. There was a time when these countries were small traders of cars. But, suddenly it rose in the last month. The expansion of GDP in the year is more than in the forecast made in the last year December. 

Predictions of Experts

Even the executives at ACEA , Renault manufacturer and the German counterpart VDA mentioned that there will be decrease in car market growth of Europe by 2 percent.

There has been an expansion in 5 large auto markets in Europe which gave rise to increase in Franceby 6.2%, Italy by 11%, UK by 6.7% and 2.6% in Germany. Stability has been achieved with regards to discount of cars throughout Europe. 

There was impressive financial result was published by top Car manufactures of Europe in Daimler AG,Renault and Volkswagen in the previous month.

A push in Boulogne-Billancourt was the result for the demand towards the Captur crossover also has increase in 10% group sales in Renault with France base OEM. There was a sales increase by 6.6% in Volkswagen. Even there has been a raise by 15% in S class of Mercedes and small cars.

Seventeenth Increase

According to the statistics of ACEA, sales of automobiles has increased in seventeen consecutive months as marked in January this year. In the year 1990, the longest gain began but it exclude places like Switzerland and Malta.

The biggest car maker that stands in 2nd position named as PSA Peugeot Citroen and General MotorsCompany were regarded as top 10 car making companies in Europe. As the Chevrolet brand was withdrawn, an effect was viewed in General Motors’s contract. Even the demand for Vauxhall nameplates as well as twin Opel was rasied by 15 percent.

Source: Autobei