New car sales in Europe
The automotive industry in Europe showed signs of recovery in 2017, getting past the woes of the 2008 crisis that roiled the main automobile markets in Europe. Optimistic numbers throughout 2017 have sparked passenger vehicle manufacturers’ renewed hope for growth in the market. In 2017, around 17.9 million passenger cars and light vehicles were sold in Europe, making it one of the largest regional markets for passenger cars. The number of new car registrations continued its positive trend, although there were months in 2017, when year-over-year growth was very low or even negative. Between 2017 and 2018, the market grew by a marginal 0.1 percent. The highest month-over-month growth rate between December 2017 and 2018 was registered in August 2018, when registrations increased by 11.2 percent. The largest markets, represented by Germany, France, the United Kingdom, Italy and Spain, make up around 75 percent of car sales in Europe. Germany is the fourth largest single-country market in the world in terms of car sales.
With around 114,000 units sold in the 28 EU markets in December 2018, Volkswagen regained the top spot which it had lost to Peugeot in September, while PSA's Peugeot was ranked as the fifth best-selling car brand in the EU. The other runner-ups included Renault, Mercedes, Ford, and BMW.