ERJ staff report (DS)
Brussels -- In February, demand for new cars slightly increased (+0.9 percent) in the EU, with a majority of markets expanding, according to new data from ACEA, te European federation of vehicle makers.
In total, 981,429 new cars were registered in the month, which counted on average the same number of working days across the region compared to February 2010. Two months into the year, new car registrations slipped by 0.3 percent, amounting to 2,023,133 units.
In February, the EU* recorded 0.9 percent more cars than in the same month last year. While most countries posted growth, ranging from +1.2 percent in Poland to 112.6 percent in Lithuania, five recorded a downturn, including major markets such as the UK (-7.7 percent), Italy (-20.5 percent) and Spain (-27.6 percent). The two remaining major markets posted growth, with registrations up 13.2 percent in France and 15.2 percent in Germany. Portugal and Greece saw their markets contract by 12.7 percent and 49.1 percent respectively.
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Press release from ACEA