European new car registrations climb – but Volkswagen drops

Time 3:59 pm, February 16, 2016

NEW car registrations in Europe climbed to 1.06m in January – a figure six per cent higher than for the same month in 2015.

It was the 29th consecutive month of growth, with new car registrations climbing from 999,195 vehicles for the same month in the previous year, according to figures from the European Automobile Manufacturers’ Association (ACEA).

However, Volkswagen failed to keep pace with the industry, losing market share for the fifth month in a row as a result of the on-going emissions scandal.

The German carmaker did record a sales rise of 0.8 per cent in Europe and a 0.7 per cent increase in Western markets, however, with the VW brand’s sales figures four per cent lower across the whole of Europe and 14 per cent lower in the UK.

The market share for Volkswagen group, which includes the Audi and Porsche brands, was down to 24.3 per cent in January from 25.6 per cent the previous year.

Audi, however, recorded a healthy 14 per cent sales increase in Europe which, according to the ACEA, was fuelled by strong new car sales in Italy.

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