Romanian auto market recorded highest growth in Europe in October

Anca Alexe 19/11/2019 | 15:33

Sales of new cars in Europe (EU + EFTA countries) increased by 8.6 percent in October 2019 compared to the same month of 2018, and Romania was the most dynamic market, with registrations of new cars having increased by 58.1 percent at an annual rate, according to data from the Association of European Automobile Manufacturers (AEAM), reported by Agerpres.

A total of 1.21 million cars were registered last month in the European Union and EFTA countries (Iceland, Liechtenstein, Norway and Switzerland), compared to 1.08 million cars registered in October 2018.

New car registrations have increased in almost all EU countries, except Cyprus and the United Kingdom. Four of the five major markets saw solid growth, led by Germany (12.7 percent), France (8.7 percent), Italy (6.7 percent) and Spain (6.3 percent), while the United Kingdom registered a 6.7 percent decline.

In Romania, 10,649 cars were registered in October 2019, up 58.1 percent compared to 6,736 units in October last year. In the first 10 months of this year, 134,698 cars were registered in Romania, up 18.9 percent year-on-year, while the European car market registered a decline of 0.7 percent in the first ten months of the year.

As for the big car manufacturers, October was marked by a significant recovery in demand for Volkswagen cars, which saw a 29 percent increase in sales. Renault was in second place, with an increase in sales of 15.8 percent in October.