European car buyers registered just over 952.000 new cars in February, an increase of 7,8% on February of 2014, and the highest growth rate in 11 months and a healthy sign the recovery of the European auto market is well and truly under way. This brings the 2015 year-to-date tally to over 1,97 million cars, up 5,5% on the first two months of last year.
Biggest winners in February were Volkswagen Group, Renault-Nissan and BMW AG, adding a combined 50.000 extra units compared to February of 2014. Volkswagen, Renault and Nissan added the most volume as single brands.
On the downside, General Motors still leads the way due to the withdrawal of Chevrolet, followed by Suzuki, which is eagerly awaiting the new Vitara while the new Celerio is slow to pick up steam, and Tata, whose three brands all lost volume on last year. At brand level, DS also lost a lot of ground in a drought of fresh product. [Read more…]