European car sales still surging

European car sales still surging

European motor manufacturers have enjoyed 24 successive months of growth, according to new figures published this week.

They show that August's new vehicle registrations jumped by 11.5% - marking two entire years' expansion in the European carmaking sector.

This is despite the fact the month is traditionally one of the slackest in the industry's calendar.

Motorists buying a car are increasingly purchasing from the continent's motor manufacturers. Tuesday's Association of European Automobile Manufacturers (ACEA) figures show that 781,676 cars have been registered in August, reflecting demand.

This represents a substantial increase from the 701,251 registered across the European Union and European Free Trade Association in the same month last year.

The ACEA latest revised estimate predicts a 5% Europe-wide increase in vehicle registrations in 2015 - but experts believe this figure may be a conservative one.

Europe's sales continue to soar, despite downturns elsewhere in the world, most notably in China and Russia.

Italy, Poland, France and Portugal lead the way, achieving double-digit growth last month. The UK and Germany manufacturers have also bolstered sales with registrations up by 9.6% and 6.2% respectively.

European sales so far this year have climbed from 8.64 million vehicles in the opening eight months of 2014 to 9.38 million units in the same period this year - a rise of 8.6%.

The Association also announced July's figures on the same day following its summer break.

These revealed 1.18 million units registered - a hike of 9.5%.

Europe's carmakers have power to add with most of them exhibiting new models at the ongoing Frankfurt Motor Show .

Copyright Press Association 2015