Passenger car registrations up by 15% y/y

The number of new passenger cars registered in Poland grew by 15 percent year-on-year to 245,000 in Q1-3 2014, according to a quarterly report by the Polish Association of Automotive Industry and KPMG. In the third quarter alone 69,1000 new passenger cars were registered, demonstrating 5.5 percent y/y growth. The number of vans registered grew by 9.6 percent y/y to 32,100 in January-September. In the case of buses the growth was 30.4 percent and for motorcycles it was 25.1 percent. Declines were recorded in the trucks and mopeds segments, by 0.1 percent and 17.5 percent respectively.