European new car registrations grew 6.7% this January, the 17th consecutive month of growth for the European car market. Since the start of 2015, European new car registrations have reached almost one million units, according to the European Automobile Manufacturer’s Association (ACEA).
This growth has been fuelled by car markets in Italy, Spain, the UK and France. January European registration figures have been inflated substantially by the Spanish market, which reported a 27.5% increase as a result of the country’s national scrappage scheme. The other leading markets, Italy, the UK, France and Germany demonstrated growth of 10.9%, 6.7%, 6.2% and 2.6% respectively. An increase of 4.6% was also seen in the new European Union member states. Despite these positive results, Greece reported an 8.4% fall in new car registrations during the same period.
