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3/16/06

Auto Industry News: February European new car registrations rose 2.1% year on year

For the full report go to Auto Industry News or click on link

Total new passenger cars registrations in Europe (EU-23 + EFTA) in February 2006 amounted to 1,079,101 units, a year-on-year increase of +2.1% (and +2.3% in the EU-15). With an almost equal number of working days throughout the region (only Portugal had one extra trading day), the ACEA said today the figures seemed to confirm an encouraging start of the year. The total registrations figures for the first two months of the year show an increase of +2.5% for Europe and of +2.7% for the EU-15. The positive February total was reached despite the loss reported by three out of the five main markets. Spain (-2.3%), Germany (-1.9%) and the UK (-1.4%) suffered losses, while Italy (+6%) and France (+0.6%) reported growth. Among the EU-15, only three other countries posted losses, while the remaining seven ended the month with increases, comprised between +20.8% in Belgium (still under the boosting effect of the Brussels Motor Show) and +3.5% in Greece. Fiat’s new Grande Punto became Europe’s best selling car last month, helping increase the Fiat Group’s market share for the month (to 9%) and for the first two months of the year.

Data by country and by manufacturer are posted on www.acea.be.

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