Europe’s car industry enjoys a record-breaking September

Gains in Europe's big five markest suggest a growing recovery in the European automobile sector

PUBLISHED : Friday, 14 October, 2016, 3:03pm
UPDATED : Friday, 14 October, 2016, 4:00pm

The number of passenger car registrations grew at a historic pace of 7.2 per cent in the month of September across the EU.

The expansion represented the highest September total on record, reaching 1,455,180 units registered - data from the European Automobile Manufacturers Association showed Friday.

"All major markets posted growth, contributing to the overall upturn," the ACEA said in a statement accompanying the figures.

Italy saw an increase of 17.4 per cent in the number of cars registered, followed by Spain with 13.9 per cent and Germany with 9.4 per cent.

Friday's figures suggest a growing recovery in the European automobile sector with all the big five markets registering strong gains.

Over the first nine months of this year, Italy, Spain, Germany, France and the UK saw the number of passenger cars going up; with the first two registering double-digit growth rates of 17.4 per cent and 11.5 per cent, respectively.

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