Romania posts second-fastest car sales increase in the EU in Q1 2019 but from low base

Sorin Melenciuc 17/04/2019 | 12:08

New passenger car registrations in Romania rose by 25.1 percent year-on-year in the first quarter of this year, up to 35,836 units, the second-fastest growth rate in the European Union after Lithuania, according to the European Automobile Manufacturers Association (ACEA).

Despite this growth rate, Romania remains a small market in Europe – the 15th-largest in the EU.

In the EU, new passenger car registrations declined by 3.3 percent compared to Q1 2018 up to 4.03 million.

In 2018, new passenger car registrations in Romania rose by 23.1 percent – the second-highest rate in the EU, after Lithuania – up to 130,919 units, the highest number since 2008, when the auto market in Romania was booming.

Almost one out of four cars (23.8 percent market share) registered in the EU in Q1 was produced by Germany’s Volkswagen, followed by France’s PSA (16.9 percent) and Renault (10.3 percent).

The Romanian brand Dacia, owned by Renault, sold 143,466 units across the EU in January-March 2019, up 13 percent year-on-year, and increased its market share in the EU from 2.7 percent to 3.4 percent – overtaking Hyundai (3.3 percent) and approaching Citroen (4.1 percent).

Sales of new cars in Romania increased by 6.3 percent in the first quarter of 2019, compared to the same period of the previous year, to a total volume of 38,253 units, according to data released by the Association of Manufacturers and Importers Automobile (APIA).

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