Spain motoring ahead in European car market
Emma Anderson · 17 Mar 2015, 10:56
Published: 17 Mar 2015 10:56 GMT+01:00
Updated: 17 Mar 2015 10:56 GMT+01:00
Spain saw a 26.7 percent growth in new car registrations over January and February compared to last year with 154,836 new cars, according to data released by Brussels-based European Automobile Manufacturers’ Association (ACEA) on Tuesday.
In February alone, Spain saw a growth of 26.1 percent compared to the previous year, with 86,717 new cars registered, compared to 68,763 cars in February of last year.
Spain is one of Europe's five major auto markets, along with Germany, France, Italy and the UK. Italy saw an increase of 13.2 percent in February, the UK 12 percent, Germany 6.6 percent and France 4.5 percent.
Overall, Europe saw an increase of more than seven percent, reaching 924,440 cars in February alone and nearly 2 million over January and February. This was the eighteenth consecutive month of growth.
According to the International Organization of Motor Vehicle Manufacturers (OICA), Spain was the ninth greatest auto producer in the world last year with 2.4 million vehicles.