European Car Sales Rise in March

The recovery in the European Union’s car industry carried on through March, the latest figures show, with rapidly increasing sales in Spain and the U.K. and a bounce back in the mass market providing some much needed cheer for the region’s automakers.

Car sales in the European Union increased for a seventh month in a row in March, posting a 10.6 percent increase from the same period in 2013, bringing new passenger car registrations growth for the quarter to 8.4 percent, the monthly survey from the European Automobile Manufacturer’s Association reports.

However, with nearly 1.5 million vehicles registered, it was the second lowest result figure for March since the ACEA began compiling data for the expanded EU in 2003. Fort he quarter, new car registrations increased by 8.4 percent.

via SOURCE

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