ERJ staff report (DS)
Brussels - In December, new passenger car registrations in the EU dropped by 6.4 percent to 953,108 units, according to new data from the federatino of European vehicle makers, ACEA. Over the year 2011, demand for new cars was decreased by 1.7 percent, bringing the total number of units registered at 13,111,209. Full-year registrations decreased for the fourth consecutive year.
In December, Germany was the largest market in units with 244,501 new registrations and the only major one to post growth (+6.1 percent). Spain (-3.6 percent) and the UK (-3.7 percent) recorded single-digit drops, while Italy (-15.3 percent) and France (-17.7 percent) faced a double-digit downturn.
In 2011, most of the significant markets declined, from -2.1 percent in France to -4.4 percent in the UK, -10.9 percent in Italy and -17.7 percent in Spain. Germany was the exception as demand for new cars grew by 8.8 percent over twelve months. It remained the largest market with a total of 3,173,634 new registrations, followed by France (2,251,669 units) and the UK (2,030,846 units).
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Press release from ACEA