THE European new-car market is in good health, indicating that the slower sales in May were
THE European new-car market is in good health, indicating that the slower sales in May were a downfall in an otherwise strong start to the year.
Twenty-five of the 29 markets studied showed growth in the first part of 2015, with four recording growth of over 20 per cent.
Brian Walters, vice-president of data at JATO Dynamics, said: “Confidence in the European market last month was clearly well placed, as the car industry reported strong sales growth for the first half of the year.“
Total European car sales in 2015 were 7,410,510 units — the highest since 2010. Italy and Spain both recorded growth of over 100,000 units, and all of the top 10 models and top 10 brands recorded higher sales.
Closer to home, figures released by the Society of Motor Manufacturers and Traders show registrations of new cars in the UK grew seven per cent in the first half of 2015 to the highest half-year total on record.
A total of 1,376,889 cars were registered between January and June — higher than the previous record of 1,376,565 in the same period in 2004.
Buyers‘ appetite for British-built cars is on the increase, meanwhile, with 13.9 per cent (around one in six) choosing a UK-manufactured vehicle so far this year — the highest level in five years.
Low interest rates and attractive finance deals combined with a wealth of new models featuring the latest technologies have continued to encourage consumers to purchase new cars.