ECONOMY MARKETS

Auto market growth – 3rd highest in EU in first two months

The Romanian auto market registered significant growth in the first two months this year, the number of new car sales registering a growth of 24.3 percent, in contrast to the 10.1 percent growth registered in Europe (EU plus EFTA), the data published on Wednesday by the European Automobile Manufacturers’ Association (ACEA) show.

In January-February 2016, 10,899 auto vehicles were sold in Romania, up from 8,768 sold in the same period last year. That growth level puts Romania on third place in Europe, behind Cyprus (47.2 per cent) and Ireland (35.5 per cent).

In the first two months of 2016, 2,186,605 new cars were sold in Europe, up by 10.1 percent from the 1,986,709 units sold in the same period last year, ACEA data show.

All large markets contributed positively to the overall growth registered in January-February 2016, particularly Italy (22.6 percent) and Spain (12.4 percent), but also France (8.7 percent), Germany (7.8 percent) and United Kingdom (4.7 percent).

Auto sales in the European Union and EFTA states continued to register growth in February, for the 30th consecutive month, given the recovery of the Euro Area and the launch of new models. All large auto markets contributed positively to the overall growth, particularly Italy, with a growth of 27.3 percent, followed by France (13 percent), Spain (12.6 percent), Germany (12 percent) and United Kingdom (8.4 percent). Last month Romania registered a sales growth of 23.9 percent, 5,099 vehicles being sold.

The statistics cover auto markets in 29 European states, 26 of them members of the European Union, Malta not included, and three members of the European Free Trade Agreement (EFTA), namely Iceland, Norway and Switzerland.

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