Romania Car Market Hits Ten-Year High In January-September 2018

Car sales in Romania grew 20.2% year-on-year in January-September 2018, to 134,831 units, a record high of the past decade, data from the Automotive Manufacturers and Importers Association (APIA) showed Thursday.

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Imaginea articolului Romania Car Market Hits Ten-Year High In January-September 2018

Romania Car Market Hits Ten-Year High In January-September 2018

By comparison, in 2009, the first year of economic recession, saw the registration of 103,592 units.

In September alone, car sales were at a ten-year high of 15,738 units, 7.7% more than in the same period a year ago, APIA also said.

Growth was mainly driven by sales to companies, accounting for 63% of the total in January-September, but sales to individuals grew nearly 29.3% of the year in the first nine months, to 42,127 units.

Imports of used cars were approximately 15.0% lower on the year in September and 8.3% lower in the first nine months, to 346,918 units, the data showed.

In January-September 2018, car sales rose 2.5% year-on-year in the European Union. The top five countries which, together, account for 75% of the overall EU market, had a mixed evolution: increases in Spain (+11.7%), France (+6.5%) and Germany (+2.4%), and decreases in Italy (-2.8%) and UK (-7.5%).

 

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