Executive Briefings

European Auto Sales Jump To 9-Year High

European car sales rose to a nine-year high in 2016, with Renault SA taking advantage of recovering demand and Volkswagen AG's tarnished reputation to leap to second place from third in the region.

European Auto Sales Jump to 9-Year High

Industrywide registrations increased 6.5 percent to 15.1 million vehicles, the highest level since the 2007 peak, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said on January 17.

Regional leader Volkswagen lost market share with a 3.3-percent sales gain as demand at its namesake brand declined amid the fallout of the emissions-cheating scandal.

Renault’s deliveries surged 12 percent by wooing buyers with an updated lineup including a new Megane hatchback, helping it push rival PSA Group.

Fiat Chrysler Automobiles NV was the fastest growing major carmaker last year with a 14 percent gain on demand for Jeep models.

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Industrywide registrations increased 6.5 percent to 15.1 million vehicles, the highest level since the 2007 peak, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said on January 17.

Regional leader Volkswagen lost market share with a 3.3-percent sales gain as demand at its namesake brand declined amid the fallout of the emissions-cheating scandal.

Renault’s deliveries surged 12 percent by wooing buyers with an updated lineup including a new Megane hatchback, helping it push rival PSA Group.

Fiat Chrysler Automobiles NV was the fastest growing major carmaker last year with a 14 percent gain on demand for Jeep models.

Read Full Article

European Auto Sales Jump to 9-Year High