ACEA: Passenger car registers +10.1% first two months of the year and 14.3% more in February

The European Automobile Manufacturers Association (ACEA in French) rapport In February 2016, the EU passenger car market posted a highly accelerated increase, marking the 30th consecutive month of growth.

Registrations during the month grew (+14.3%) compared to February 2015 a total of 1,056,902 units.

Among the major markets, Italy (+27.3%), France (+13.0%), Spain (+12.6%), and Germany (+12.0%) recorded strong performances in February, all posting double-digit percentage growth.

From January to February 2016, new passenger car registrations increased by 10.1%, a total of 2,118,273 units.

All major markets posted growth, contributing to the overall upturn of the EU market. Italy (+22.6%) and Spain (+12.4%) recorded the strongest performances over the period, both posting double-digit percentage gains.

Also, the French (+8.7%), German (+7.8%) and UK (+4.7%) passenger car markets grew during the first two months of 2016, although at more modest rates.