European car registrations up 5.5% in January; UK up 7.6%
European registration figures for passenger cars started the year on a positive note, with demand rising for a fifth consecutive month. Across the EU28 region, registrations rose 5.5 per cent year-on-year in January 2014 to 935,640 units. Yet it is too early to celebrate a return to more robust markets – the ACEA (European Automobile Manufacturers Association) points out that in absolute figures, January’s registrations were the second lowest January result since it began measuring registrations for the enlarged European Union in 2003.