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May 11, 2021
BUSINESS

European auto market up by 6 pc: The growth comes after six years of slump

The number of new car sales in Europe registered a growth of 5.7 per cent in 2014, putting an end to a period of six consecutive years of sales drops, the European Automobile Manufacturers Association (ACEA) informed on Friday.

Last year 12.55 million cars were sold in the EU’s 28 member states.

When it comes to the main EU markets, the biggest growth was registered in Spain (18.1 per cent), Great Britain (9.3 per cent), Italy (4.2 per cent) and Germany (2.9 per cent), while sales remained stable in France (0.3 per cent).

According to ACEA, 70,172 cars were sold in Romania last year, representing a growth of 21.6 per cent compared to 2013 (57,710 units sold).

When it comes to auto manufacturers, 359,141 Dacia cars were sold in the EU in 2014, up by 23.9 per cent from the 289,795 units sold in 2013. Renault’s low-cost brand had a market share of 2.9 per cent in 2014, up from 2.4 per cent in 2013, overtaking brands such as Seat, Kia and Volvo.

 

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