New car sales across Europe rose in October for the second month running in a sign that demand for cars is starting to recover across the continent. The latest figures from JATO Dynamics show that the European new car market increased by 4.7 per cent during October compared to 2012.
Demand for new cars is being fuelled by an improving economy, some great new models and cheap car leasing and finance deals. Here, we look at the recovering European car lease and sale market and reveal the top 10 biggest selling brands across Europe in 2013.
Cheap car leasing boosting new car sales in the UK
The latest figures from JATO Dynamics, the world’s leading provider of automotive intelligence, show that sales of new cars in Europe have increased for the second month running. New car sales rose by 4.7 per cent with four of the ‘Big Five’ markets recording an increase in sales in October compared with 2012 figures.
Sales in Spain were up by over a third against the same month in 2012 while there were also rises in Slovakia, Slovenia, Poland, Denmark and Hungary. The Netherlands have also had a strong month, with sales increasing by 38 per cent over October 2012.
Gareth Hession, Vice President of Research at JATO Dynamics, commented: “The European new car market is the closest it’s been to the performance seen in 2012. Out of the 30 markets analysed, 22 have reported increases for the month, and out of the top 10 brands, eight increased sales during October.
“Even with contributing factors such as incentives aiding the recovery in some markets, it is positive to see an overall increase in sales for the second month running and the yearly deficit falling to the lowest amount seen in 2013.”
In the UK, new car sales continue to rise. Much of the booming demand for cars in this country has been driven by the range of cheap car leasing, contract hire and finance deals that are available. With many dealers offering 0 per cent finance, it’s possible to lease a new car or agree a contract hire plan for under £100 per month.
Next, we look at Europe’s top 10 selling car brands in 2013.
The Top 10 Selling Car Brands in Europe
As well as figures from the European car market, JATO Dynamics also revealed the biggest selling car brands across the continent in 2013. These are:
- Volkswagen 1,298,682 new car sales
- Ford 785,718
- Opel/Vauxhall 696,523
- Renault 667,594
- Peugeot 628,421
- Audi 593,524
- BMW 538,479
- Mercedes 529,417
- Citroen 512,397
- Skoda 424,396
If you’re looking for Europe’s most popular car to buy or drive under a car lease or contract hire agreement, you should look no further than the Volkswagen Golf. The Golf continues to be Europe’s best selling car and has increased its sales by 4.7 per cent in 2013 when compared to 2012.
The top 10 best selling models in Europe in October 2013 were:
- Volkswagen Golf
- Renault Clio
- Ford Fiesta
- Volkswagen Polo
- Skoda Octavia
- Peugeot 208
- Ford Focus
- Opel/Vauxhall Corsa
- Nissan Qashqai
- BMW 3 Series