The European Automobile Manufacturers Association (ACEA) has revised its forecast for car registrations growth for 2015 up from 2% to 5%.
In February the ACEA predicted that growth in new car sales was going to be "in the region of 2%" in 2015. However, the association decided to revise the figure upwards due to the 6.8% year-on-year growth in sales experienced in the first five months of the year.
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In terms of units, this would mean exceeding 13 million cars this year. This number of new car sales would still be well below the 2007 peak of almost 16 million cars, however.
ACEA secretary general, Erik Jonnaert said: "Despite this positive forecast, we cannot afford to become complacent. Europe still faces challenging times. Today EU car sales are behind those of China and of the United States, where sales levels have now recovered to pre-crisis levels.
"This is why it is now more important than ever to ensure that the competitiveness of our industry – one of Europe’s most vital strategic sectors – remains high on the European and national policy agendas.
"ACEA’s call to European policy makers is to create an environment which fosters innovation and international trade – the two main drivers for our industry’s competitiveness on a global scale."
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