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31 01 2018 02

The European car industry had a solid 2017, with new registrations totalling 15.57 million, an increase of 3.1% when compared to 2016 and the highest volume of registrations since 2007 when 16.02 million units were registered.

These strong results can largely be attributed to Eastern and Southern Europe, where volume grew by 12.7% and 6.2% respectively, but there is still concern over the results of the UK.

Despite the encouraging results, the issues faced by the industry including the diesel crisis and Brexit had a negative impact on growth, which slowed down to just 3.1% – a decrease on the 6.5% and 9.3% volume growth experienced in 2016 and 2015 respectively. Disappointing results for December represented the lowest registrations for the month in five years, which indicates that the industry could be slowing down. This was exemplified by registrations of diesel vehicles, which decreased by 20.5% in December 2017.

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Tags: Vehicle

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