Romania's auto market saw the steepest decline in Europe in February. New car sales declined by 63% to 2,658 units, despite the launch of the old car scrappage scheme on February 20th. The market fell by 77% in the first two months of the year. While the governmental scheme did not have a significant impact in Romania, the incentives played an important part in reviving the market in Spain, the UK, and Italy. Sales on the three markets rose by 47%, 26.4%, and 20.6% respectively, according to data from the European Automobile Manufacturers' Association. Germany, the biggest auto market in Europe, was also affected by the absence of the scrappage scheme, with sales falling by almost 30%, to 194,846 units. Dacia was the brand with the fastest rise in Europe, with sales climbing by 45.4% in February and by 56% in the first two months of the year. With its 34,500 cars sold in January-February, Dacia holds 1.7% of the European car market.
Romania's auto market saw the steepest decline in Europe in February. New car sales declined by 63% to 2,658 units, despite the launch of the old car scrappage scheme on February 20th. The market fell by 77% in the first two months of the year. While the governmental scheme did not have a significant impact in Romania, the incentives played an important part in reviving the market in Spain, the UK, and Italy. Sales on the three markets rose by 47%, 26.4%, and 20.6% respectively, according to data from the European Automobile Manufacturers' Association. Germany, the biggest auto market in Europe, was also affected by the absence of the scrappage scheme, with sales falling by almost 30%, to 194,846 units. Dacia was the brand with the fastest rise in Europe, with sales climbing by 45.4% in February and by 56% in the first two months of the year. With its 34,500 cars sold in January-February, Dacia holds 1.7% of the European car mar