(Tiper Stock Exchange) – Positive February for the European car market. Based on the latest data published by theACEAthe European Association of Car Manufacturers, has registered a increase of 11.4% to 802,763 units compared to 719,783 units sold last year. The figure puts the balance sheet in surplus since the beginning of the year which scores a +11.4% in the first two months of the year.
Also including EFTA (Free Trade Association comprising Switzerland, Iceland and Norway) and the United Kingdomsales score a 12.2% increase in February and +11.5% in the first two months of 2023.
In February, the tricolor car market shows an increase of 18.2%like the Spain which makes a leap of 32.1%, while the France records a more contained +9.1%. There Germany register a relative stagnation (+0.2%).
As far as individual brands are concerned, Stellantis recorded a 2% increase in sales in the European Union as a whole plus EFTA and UK, with a market share down to 18.5%. In particular the Peugeot recorded an increase of 6.3% with a share of 5.9%, while Fiat recorded a +0.5% to 3.4% market share.
The Volkswagen Groupincluding Audi and Porsche, shows a positive performance (+21.2%) and brings its share up to 26.1%.
Among the other most popular brands in Europe, the Renault recorded a growth in sales of 28.8%, with the share increasing to 10.1%. Among the highest-end cars, the German Mercedes marks a +4.2%, with market share down to 5.5%, while BMW recorded a -5.7% with market share down to 6.2%.