EU car registrations bounce back in March

ERJ staff report (DS)

Brussels -- In March, new car registrations in the EU were 10.8% higher than in the same month of 2009. Over the first quarter of 2010 registrations rose by 9.2% compared to the first three months of last year. Registrations were down by 9.4% compared to the first quarter of 2008.

Most major markets recovered ground compared to early 2009, reflecting the ongoing effect of government incentive programmes. In contrast, German registrations shrank by 26.6% to 294,375 units. In total, 1,637,478 new cars were registered in the EU.

Over the first quarter of the year, 3,671,871 new passenger cars were registered in the EU, or 9.2% more than in the same quarter a year ago. Of the major markets, only Germany recorded negative results (-22.8%) while France (+16.9%), Italy (+23.3%), the UK (+27.3%) and Spain (+44.5%) all posted growth. In absolute figures, Germany ranked first (670,410 units), followed by Italy (666,231 units), the UK (611,548), France (594,720 units) and Spain (286,167 units).

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Press release from ACEA