Uneven and fragile – caution surrounds EU’s return to growth

New car sales in the UK and Spain continued to power ahead last month, propelling total EU-wide passenger car sales to 951,329 units (+4.7%) in December. As a result, Europe wrapped up 2014 with total registrations of 12,550,771 new cars, a 5.7% year-on-year rise and the first full-year of growth since 2007. That's a notable improvement following the two-decade low reported the previous year.