European Passenger Car Sales for 2016
In 2016, the European car market continued its growth trajectory, with overall positive performance in car sales. The European car market experienced further growth in 2016, with approximately 17.3 million new car registrations. This figure represents a significant increase compared to the previous year, indicating a strengthening market. The largest car markets in Europe during 2016 were Germany, the United Kingdom, France, Italy, Russia and Spain. These countries collectively contributed to overall growth in car sales, although growth rates varied.
Germany remained the largest car market in Europe in 2016, with around 3.35 million new car registrations. The market continued to show stability and moderate growth, supported by a strong economy and favorable consumer sentiment. The United Kingdom witnessed a strong performance in car sales in 2016, with approximately 2.69 million new car registrations. The market benefited from a robust economy, low interest rates, and attractive financing deals, driving strong consumer demand. France recorded around 2.01 million new car registrations in 2016. The market showed signs of growth, driven by improving economic conditions and consumer sentiment. Government incentives and scrappage schemes also played a role in stimulating car sales. Italy saw a continued recovery in car sales in 2016, with approximately 1.82 million new car registrations. The market benefited from a strengthening economy, reduced unemployment, and government incentives that supported car buying. Russian new sales units was 1.24 million cars, while Spain’s car market experienced strong growth in 2016, with around 1.15 million new car registrations. The market continued to recover, driven by improving economic conditions, increased consumer confidence, and government incentives.
