Brussels -Â New car registrations in Europe are recovering again after a dip in September. Data from ACEA, the European car makers' federation shows that registrations for the first ten months of 2007 are up by 1.2 percent overall, and registrations in October increased by 5.5 percent compared with the same month last year. The monthly increase was partly due to an extra working day in the month.
ACEA said, "A continuous upturn in the new EU members (+14.9%) and the October growth in the whole region positively influenced the cumulative ten-month figures. Of the largest markets, Germany (-7.6%) and Spain (-1.5%) reduced their losses and the UK (+2.5%), Italy (+6.9%) and France (+1.2%) strengthened their results. Apart from Hungary (-7.5%), the number of new cars registered in all other new member states was above last year's level."
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Press release from ACEA