Car sales in the European Union posting an increase of 10.6 percent over the same period increased for a seventh month in a row in March in the year 2013, registrations of passenger growth bringing new car in the quarter to 8.4 percent, the monthly survey the European automobile manufacturer's Association reported.
However, it was with almost 1.5 million vehicles registered, it began the second lowest result figure for March since the ACEA the creation of data for the enlarged EU in 2003. Fort he quarter, new car registrations rose 8.4 percent.
All major markets contributed to the March 10.6 percent rise, with Britain and Spain, or recording of 17.7 percent and 10 percent growth with sales growth for the quarter is 13.7 per cent in the UK.
France sales increased by 8.5 percent, Germany saw growth of 5.4 per cent and Italian car sales rose by 5 percent in March compared to the previous year.
Mike Tyndall, auto analyst at Barclays Capital, said that it was wrong to focus on the negative in today's figures.
"" If you want to be bearish, you can: it is the weakest March in a long time and the base will be harder, "CNBC, he said in a telephone interview."I think we have a more constructive point of view. We can see if we out to compensate for seasonal changes, which sees this as a pretty good result. We would also argue that mass market premium surpasses, is indicative of the recovery, which is still widely used."
Carlos da Silva, the head of the European vehicle sales at IHS automotive, agreed with Tyndall, in a note stating: "there are here and there some variants, although the basis for growth is widespread and as such limit the risk of a sudden reversal."
Tyndall said that UK sales growth in the car by "people seem be paid their credit card debt, real estate prices are rising, unemployment coming down." "All of this makes people a little happier about the prospects feel and that is the strength of the U.K.. underlying sales."
Marques on your
When it comes to car brands, Renault saw 19.6 percent growth between January and March of this year compared to the same period in the year 2013, with Ford group witnesses 12.8 percent growth and VW Group 8.4 percent. French PSA group experienced growth of 7.7 percent between January and March 2014 compared to the same period of last year.
Hyundai and Honda were the only car brand to see negative growth compared to the first quarter of 2013.
The automaker's results, Tyndall commented: "Renault, this is a highlight. You have done particularly well. You've got a few new products out there, but it is surprisingly strong.
"Peugeot is mixed. "Citroen is OK, but Peugeot brand is below par, is the entire market somewhat disappointing, as the Peugeot 308 European car of the year appointed."