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EU new car registrations to rise in 2017 while UK drops, predicts Cap HPI

New car registrations across the European Union will grow by at least 2.8% in 2017 in spite of a drop in the UK, according to forecasts from Cap HPI.

SMMTThe firm predicts that new car registrations in the UK will drop to 2.5 million from 2.67 million this year but growth across Germany, France, Italy and Spain, will see new car registrations in the top 5 markets increase from 11.03 million to 11.33 million. In 2016 these markets represented just over 75% of the EU total number of registrations and all posted volume growth last year, with Spain and Italy gaining the most.

Dylan Setterfield, international forecast manager with Cap HPI, said: “With lots of uncertainty around the EU for 2017 including elections in France, Germany and the Netherlands and Great Britain’s ongoing negotiations to leave the EU, overall growth of 2.8% year on year can be taken as a positive for the automotive industry.”

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Natalie Middleton

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