EU demand for cars dropped in January

ERJ staff report (DS)

Brussels, 16/02/2012 - In January, demand for new cars dropped by 7.1 percent in the EU*, compared to the same month a year earlier. In total, 968,769 new registrations were recorded in the region*, with on average one more working day than in January 2011.

Registrations varied per market: France (-20.7 percent) and Italy (-16.9 percent) recorded a double-digit downturn, while Spain posted a 2.5 percent growth. The German (-0.4 percent) and British (-0.0 percent) markets remained stable. The biggest contraction was noted in Portugal (-47.4 percent) and the largest increase in Romania (+86.4 percent).

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Press release from ACEA