New car registrations in Europe rose for the first time in 11 months

Article by Christian A., on March 19, 2011

For the first time in 11 months, new car registrations in Europe rose as demand from consumers in France and Germany fueled sales of automakers, including General Motors Co.’s Opel unit and Volkswagen AG.

The European Automobile Manufacturers’ Association said that registrations in the region surged to 1.01 million vehicles in February 2011, up 1.4 percent from a year earlier.

GM sold 8.3 percent more cars and sales by VW rose 9.1 percent. Meanwhile, Fiat S.p.A., Ford Motor Co. and PSA/Peugeot-Citroen SA all lost sales compared with the same period in 2010.

Demand in Germany and France, the European Union’s two largest markets, expanded 15 percent and 13 percent, respectively. The association said that new registrations dropped 21 percent in Italy, 28 percent in Spain and 7.7 percent in the United Kingdom.

Renault S.A., Fiat, PSA and VW are several carmakers that have been attempting to attract customers with cheaper financing, price cuts or free options as government incentives expired during the economic recovery.

State assistance has helped European manufacturers avoid factory closures on a scale seen in the United States. Europe’s largest carmaker, VW sold 226,126 units for a market share of 22 percent, including the Skoda, Audi and Seat brands.

By 2018, VW aims to overtake Toyota Motor Corp. as the world’s number one carmaker. Renault, which has plans to sell its Dacia vehicles online, gained 3.1 percent to 113,342 cars. PSA sold 141,894 vehicles, 5 percent fewer than the year before. Fiat deliveries declined 17 percent to 76,808, including Alfa Romeo and Lancia cars.

Topics: europe, sales

If you liked the article, share on:

Comments

Recommended

In September 27, 2016, Porsche initially filed for a patent that is the “Unique Active Rear Diffuser”. And earlier this week, on April 27, 2017, the United States Patent and...
by - April 29, 2017
The Insurance Institute for Highway Safety (IIHS) has given its Top Safety Pick+ award to the redesigned version of the 2017 Kia Cadenza. This was a result of excellent a...
by - April 29, 2017
It’s pretty neat if you possess something of an extraordinary breed like, say, the Pagani Huayra. There are after all just a total of 100 units ever been built by...
by - April 28, 2017
If you’ve ever visited an arcade, chances are you have already seen a Logitech G920 wheel. If that doesn’t ring a bell, it’s the steering wheel that you use when...
by - April 28, 2017
Toyota Motor Corporation disclosed that it will be bringing two of its Mirai fuel cell vehicles to China by October of this year. Tests will then be conducted on these...
by - April 28, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries