European car sales rise in March

EUROPEAN new car sales last month rose by 5,7 percent to 1,74 million registrations despite another dip in sales for Volkswagen.

The European Automobile Manufacturers’ Association figures showed that VW’s sales fell 1,6 percent in March.

Its data suggests that the German giant continues to suffer from the emissions scandal and recall of millions of cars.

In the first three months of the year, Europe-wide sales rose 8,1 percent on the same period in 2015, to 3,932 million.

Nearly every European country recorded growth last month, but sales fell 0,7 percent in Spain and dipped slightly in Germany, Europe’s biggest car market.

Italy recorded the strongest rise of any major market with demand rising 17,4 percent, followed by France where sales rose 7,5 percent.

EU sales have now increased for 31 months in a row, hitting levels close to those recorded in 2007, shortly before the economic crisis began to hit the car industry.

Peter Schmidt, editor at Automotive Industry Data, told the Bloomberg news agency that it looks like the “European car market is recovering much faster than most analysts anticipated — including myself”. — BBC

Related Posts

ZEEX to transform SME funding landscape – Finance Minister

Nqobile Bhebhe [email protected] FINANCE, Economic Development and Investment Promotion Minister Professor Mthuli Ncube says the launch of the Zimbabwe Entrepreneurship Exchange (ZEEX) marks a significant milestone in broadening Zimbabwe’s capital…

Death on our highways: How stray domestic animals have become a national crisis

Mpumelelo Sibanda Guest Writer EVERY year, Zimbabwe loses men, women and children in road traffic accidents that could have been prevented. While speeding, reckless driving and mechanical failure often dominate…

Leave a Reply

Your email address will not be published. Required fields are marked *

×