Spain leads the way as car sales rise for 13th month in Europe
Print Edition
NEW car sales in Europe in September rose 6.4 percent year on year, with data released yesterday showing a 13th straight month of gains as the market’s recovery spreads across the continent.
The European Automobile Manufacturers Association said “substantial growth prevailed in all major markets” in the European Union in the month, with more than 1.2 million new cars sold.
Spain led the pack, with sales jumping 26 percent, due mainly to its “cash-for-clunkers” program, though the country’s economy is also gradually recovering after six years of crisis.
Sales in the January to September period climbed 6.1 percent to almost 9.6 million vehicles. Spain also led the recovery for the nine-month period with a 17 percent gain, followed by Britain where sales rose by more than 9 percent.
Despite anaemic growth in their economies, car sales rose 3.6 percent in Italy, 2.9 percent in Germany and 2.1 percent in France. But sales volumes are still far from pre-crisis levels. The 1.24 million vehicles sold in September is far off the 1.4 million sold in September 2006.
Volkswagen is extending its lead in European sales, with a 7.9 increase over the nine months to 2.4 million vehicles, expanding its market share to 25.2 percent from 24.8 percent. France’s PSA Group, which manufactures Peugeot and Citroen vehicles, saw its market share slip to 10.9 percent from 11 percent despite a 4.8 percent rise in sales to 1 million. Renault was in third place, expanding its market share to 9.6 percent from 8.8 percent due to a 16 percent jump in sales.
Sales in the GM group fell 3.3 percent, but this was due to the US group phasing out its Chevrolet brand in Europe.
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