Auto market’s growth rate – three times higher than average European growth rate

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The Romanian auto market registered spectacular growth in November, car sales registering a growth of 41.5 per cent, three times higher than the average 13.7 per cent growth registered at European Union level, the data published by the European Automobile Manufacturers’ Association (ACEA) show.

8,022 cars were sold in Romania last month, up by 41.5 per cent from 5,669 cars sold in November 2014. Overall, 72,423 cars were sold in Romania in the first 11 months of this year, up by 12.1 per cent from the 64,577 cars sold in the same period last year.

At European Union level, over 1.08 million cars were sold last month, up by 13.7 per cent compared to the 954,187 cars sold in November 2014. All of the large markets contributed positively to the overall growth, in particular Spain, where car sales have grown by 25.4 per cent, and Italy (23.5 per cent), ACEA informs. The same source points out that the EU’s top two auto markets registered significant growth too, namely 11.3 per cent (France) and 8.9 per cent (Germany).

Against this positive backdrop, Germany’s Volkswagen Group continued to suffer following the emissions scandal, the group’s sales registering a growth of 4.1 per cent last month, while the sales of VW cars grew by just 2.8 per cent. Volkswagen remains the largest European auto group by far, yet its market share has dropped from 26.6 per cent in November 2014 to 24.3 per cent last month.

On the other hand, French auto manufacturers have taken full advantage of the European auto market’s positive dynamic. In November, PSA Peugeot Citroen sales grew by 13.6 per cent, Renault sales by 18.9 per cent, while Dacia sales grew by just 4.9 per cent to 28,693 units in November.
342,823 Dacia cars have been sold on the EU market in the first 11 months of this year, up by 3.3 per cent compared to the same period last year.