New car sales in Europe have increased by 6.8% in the year to date compared to the same period in 2015, despite growing global economic uncertainty and concerns that the Brexit vote could impact consumer confidence.
Research compiled by London automotive industry analyst JATO Dynamics shows that Europeans bought a total of 13,937,339 cars in 2016 so far, with 1,184,140 of those sales taking place last month. November’s figure represented a growth of 5% compared to the same month in 2015.
The UK ranks as Europe’s fourth-fastest-growing market, with the year-to-date sales here increasing by 2.9% compared with the same period last year. Spain and France were the continent’s fastest growers, with their demand up by 13% and 8.2% respectively.
In the face of Dieselgate the Volkswagen Group maintains its place as Europe’s biggest car maker. It accounted for 24.56% of sales, which represents a drop of just 0.28% on the year before. Renault-Nissan ranks second with 14.1% of sales, a 0.72% increase.
Daimler experienced the highest growth of 0.83%, ranking it fifth overall, while the PSA Group has experienced a decline in sales of 1.19% but still ranks third overall.