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EU car registrations up but crisis not over: data

18 March 2014, 16:41 CET
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(PARIS) - New car registrations in the European Union -- a key indicator of economic health -- rose in February, industry data showed Tuesday, but still remained close to a historic low.

The European Automobile Manufacturers' Association (ACEA) said that demand for cars in the 27 EU countries it surveys (Malta is not included) rose by 8.0 percent, the sixth consecutive gain.

However, the overall total of cars registered (861,058) was the second-lowest result for February since ACEA started collected EU-wide data in 2003.

The car sector in countries still recovering from the eurozone crisis generally fared better than others, with Spain showing a 17.8-percent rise in new registrations and Italy up 8.6 percent.

Eurozone powerhouse Germany reported a 4.3-percent rise but Europe's second-largest economy France was the only major nation to experience a decline, with new registrations down 1.4 percent on the month.

Europe's biggest carmaker Volkswagen showed an 8.0-percent gain but Asian manufacturers were the main drivers of demand.

Toyota registrations were up 16.2 percent, Suzuki up 33.1 percent and Mitsubishi up 25.3 percent.

laf/ric/yad

ACEA

VOLKSWAGEN

GENERAL MOTORS

FORD MOTOR

RENAULT

TOYOTA MOTOR


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