The European Automobile Manufacturers Association (ACEA) reported Friday that new vehicle registrations in the European Union rose 7.6% in May compared with new registrations in May of 2016. New registrations for the month totaled 1.39 million units.
The United Kingdom posted a year-over-year drop of 8.5%, on top of a 19.8% decline in April. May sales rose 12.9% in Germany, 11.2% in Spain, 8.9% in France and 8.2% in Italy.
For the first five months of 2017, new passenger car registrations are up 5.3% to a total of 6.72 million. Registrations rose the most in Italy (8.1%), Spain (7.3%), Germany (4.7%) and France (3.3%). U.K. registrations are down 0.6% compared to the first five months of 2016.
The top-selling maker in the EU is Volkswagen, which sold 335,187 vehicles in May, up 8.2% year over year for the month. VW’s market share for the month totaled 24.2%, up from 24.0% in May 2016. Registrations are up 3.2% for the first five months of the year.
PSA Group, makers of Peugeot and Citroen among other brands, posted an increase of 4.7% to 141,557 units. The company’s market share slipped from 10.5% to 10.2%.
Renault Group posted an increase of 10.2% to 151,798 units, while its year-over-year share rose from 10.7% in May 2016 to 10.9%.
Of the Detroit Three, Fiat Chrysler Automobiles N.V. (NYSE: FCAU) increased its market share in the EU from 7.5% to 7.8% year over year, led by a 15.4% increase in sales of the company’s Fiat brand and a 44.5% jump in Alfa Romeo. Jeep brand sales dipped 7.2% year over year. FCA sold 107,950 units in May, up 11.5% compared with May 2016.
Ford Motor Co. (NYSE: F) sold 89,000 units in May, up 4.3% year over year for the month. The company’s May market share came to 6.4%, down from 6.6% in May 2016.
Opel Group, still the General Motors Co. (NYSE: GM) subsidiary in Europe until its sale to Peugeot is completed, posted a May market share decrease, slipping from 6.7% a year ago to 6.1% this year. Sales of the Opel/Vauxhall brands fell 2% year over year.
BMW Group’s market share in May slipped year over year from 6.5% to 6.3%. The company sold 86,082 units last month. Daimler posted a market share gain, rising from 6% in May 2016 to 6.3% last month with sales totaling 87,314 units.
Toyota Motor Corp. (NYSE: TM) posted market share of 4.4% in May, up from 4% a year ago. Sales volume rose 20.1% to 61,139 units. The largest percentage increase came in the company’s Toyota division, up 21.1% year over year.