25 May 2000

The European Automobile Manufacturers Association yesterday revealed that the industry is on track for record sales for the second year in succession.

In the first four months of 2000, new car registrations in the eighteen countries comprising the western European market rose to 5,534,199 - 1.1% up (year-on-year) despite a 7% dip in April. The latter was dismissed as a temporary blip caused by “mainly technical factors”; the underlying trend is still upward, ACEA officials insist.

The market continues to be dominated by the Volkswagen group, although the year's first two months saw its market share fall from 19% to 18.2%.

News source: BBC Online Business News (UK)