European Passenger Car Sales for 2007
In 2007, car sales in Europe experienced a mixed performance across different countries. The European car market saw a total of approximately 19.6 million new car registrations in 2007. The largest car markets in Europe during 2007 were Germany, the United Kingdom, France, Italy, and Spain. These countries continued to dominate European car sales volume.
Germany remained the largest car market in Europe in 2007, with around 3.2 million new car registrations. However, the market experienced a decline in sales compared to the previous year, influenced by economic factors and changes in consumer sentiment. The United Kingdom saw a decline in car sales in 2007, with approximately 2.4 million new car registrations. The market faced challenges such as higher interest rates, tighter lending criteria, and a general economic slowdown. The UK went from the second largest new car market in Europe to fourth place. Russia became the second largest country in the region, with 2.5 million cars sold, up 31.59% versus 2006. Italy saw approximately 2.5 million new car registrations in 2007, showing stability compared to the previous year. The market faced challenges due to economic factors, increased competition, and changing consumer preferences. France recorded around 2.1 million new car registrations in 2007. The market experienced a slight decrease compared to the previous year, primarily influenced by economic factors and changing consumer preferences. Spain’s car market experienced a slight decline in 2007, with around 1.6 million new car registrations. The market was affected by the bursting of the housing bubble and the subsequent economic slowdown.
