Markets across Europe witnessed a significant upturn in new vehicle purchases in May, the latest figures from JATO Dynamics have revealed.
New car registrations across the eurozone rose by 15 per cent year-on-year in the month, with a total of 1.33 million vehicles purchased by buyers in Europe.
Renault maintained its position as the continent’s most popular manufacturer during the month, but Fiat, BMW, Jaguar and Audi all closed the gap on the French marque at the top of the pecking order.
Meanwhile, the strongest growth in sales was seen in Italy (up 28 per cent from the same month in 2015), but buyer appetites across Europe remained strong. Overall, the market as a whole registered its best May performance since 2012.
Felipe Munoz, global automotive analyst at JATO Dynamics, concluded: “The market is continuing to experience positive growth with many segments increasing sales. Small SUVs continue to be the big winners whilst MPVs lost out as consumers look towards more appealing designs.”
However, with the UK voting last week to leave the EU, this causes some potential uncertainty in markets in the months to come. It is therefore difficult to predict how the new car market across the continent will react to this development in the short-term, although long-term growth will likely remain stable.
Posted on 30th June 2016
< Back to Latest News