Passenger car registrations in the European Union continued to grow during the opening month of 2016. According to the latest data released by the European Automobile Manufacturers' Association (ACEA), registrations during January grew by 6.2% year on year (y/y) to 1,061,150 units. In addition, in the European Free Trade Association (EFTA) area - comprising Iceland, Liechtenstein, Norway and Switzerland – registrations grew by 9.5% y/y to 32,415 units.