26th November 2014
Four of the European 'Big Five' car markets grew in the month of October to the highest levels since March this year making this year's overall growth in new car sales reach record levels. The four big countries that saw the highest level of growth were Germany which saw sales grow by 3.7%, Spain up a massive 31.1% and Italy also saw a rise of 9.6%. In Britain where the car market has being growing considerably, October saw a growth of 14.2% year-on-year to date, France was the only country out of the top five to see a decline, with new car sales dropping 3.8% , although it remains ahead of 2013 year-to-date by 1.4%.
The research carried out by JATO Dynamics, the world's leading provider of automotive intelligence revealed that 24 out of the 29 countries saw considerable growth in new car sales. The research also showed that countries that faced the full brunt of the recession are now beginning to see their economy grow thanks to new car sales. Ireland was one of the biggest winners as they saw their new car sales grow an astonishing 29.8% while Greece who were also hit extremely hard by the recession saw theirs grow by 21.5%.
The car brands that had the highest growth for October where Romanian manufacturers Dacia who saw a gain of 34.6% and BMW owned Mini who gained 21.4%. Ford and Renault two of the biggest brands saw their growth continue, while German car manufacturer Volkswagen continued to come out on top.
Top 10 Brands
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Volkswagen also saw an increase in sales of their most popular models, the upgraded Volkswagen Polo increased year-on-year sales by 27.7% pushing it into second position behind the Volkswagen Golf which remains the best seller. The iconic Renault Clio saw sales increase 8.1% taking it into a respective third place, while the UK's bestselling car the Ford Fiesta saw sales of 4.1% taking it into fourth position.
Top 10 Models
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By Jenna Niblock