Car Market In Europe Continues To Grow

verall in 2019, new-car registrations increased by 1.2% across the European Union, reaching more than 15.3 million units in total and marking the sixth consecutive year of growth. The year started on weak footing due to the lasting impact of the introduction of the WLTP test in September 2018. Yet, the final quarter of 2019, and December in particular, pushed the full-year performance of the EU market into positive territory, the European Automobile Manufacturers Association said.

In December 2019, EU passenger car demand grew for the fourth month in a row (+21.7%), marking the highest December total on record to date. This was partially the result of a low base of comparison, as registrations fell by 8.4% in December 2018. However, specific market changes also contributed to this exceptional growth, the sector association reported.

Throughout the year, Volkswagen has consolidated its place at the top of car sales in the EU, with an increase of 3.1%. The group includes brands such as Audi, Porsche and Skoda.

The French automaker, which owns Peugeot, Citroen, Opel, Vauxhall, ranked second although it reports a 1.1% decline.

Its French rival Renault, ranked third with a 1.1% year-over-year increase, data show.

Read More

Fragments Of Berlin Wall To Be Exhibited In Plovdiv

A fragment of the Berlin Wall, painted by French artist Thierry Noir, will be unveiled in front of Exhibition Hall 2019 in...

Roche Bulgaria Signs 1.6 Million BGN Drug Supply Contract

 Roche Bulgaria, a unit of Swiss healthcare company Roche, has signed a 3.2 million levs ($1.9 million/1.6 million euro) contract for supply of...

Consumption & Experts Expected To Slow In Bulgaria In 2020

The growth of the Bulgarian economy will weaken over the next two years against the background of the expected decrease in exports...

Recent

Wage Growth Is Slowing Down

In the first quarter of 2018, the rate of wage growth in the euro area and across the European Union improved compared to the...

Telelink Business Services Plans IPOs In Bulgaria And Abroad

Bulgaria's Telelink Business Services is considering making an initial public offering of its shares on the Bulgarian Stock Exchange and on foreign...

European Union’s Organic Area Increased By 34% Since 2012

The total organic area in the European Union (EU) was 13.4 million hectares in 2018, corresponding to 7.5% of the total utilised agricultural area....