Europe’s car market running above expectations

Europe's recovery showed no signs of slowing down in February, despite conservative forecasts for the year. Passenger car sales across the EU rose 7.3% year-on-year to 924,440 units, according to data from the European Automobile Manufacturers' Association (ACEA). This marks the 18th consecutive month of growth for the region and puts year-to-date sales up 7% at 1.924 million units.