European Car Sales Raced Ahead in 2016 Amid ‘Robust’ Demand

Brussels, Car sales in the European Union raced ahead last year amid robust demand, hitting a record high for December as auto buyers waved off political and economic uncertainties, data released on Tuesday showed.

New vehicle registrations jumped by 6.8 per cent to 14.6 million in 2016, compared with 2015, to post their third consecutive year of growth, the Brussels-based European Automobile Manufacturers’ Association (ACEA) said.

“This positive trend is a sign that, despite political instability and economic uncertainty following key events in 2016, such as Brexit or the Italian referendum, consumer confidence has remained robust,” dpa cited the ACEA data release.

Car sales hit 1.144 million in December – a rise of 3 per cent versus the same month in 2015, ACEA said.

Source: Qatar News Agency