ERJ staff report (LMH)
Brussels -- In February, new car registrations were down by 9.7 percent in the EU, excluding Malta, compared to February 2011, totalling 888 878 units, according to ACEA (European Automobile Manufacturers' Association).
In the region, the month counted on average one more working day than last year. In the first two months of 2012, the EU recorded 1 858 066 new cars, or 8.3 percent less than in the same period a year earlier.
In February, demand for new cars dropped in all major markets, except Germany where registrations remained stable (-0.0 percent). Spain (-2.1 percent), the UK (-2.5 percent), Italy (-18.9 percent) and France (-20.2 percent) all saw their markets shrink.
From January to February, downturn prevailed in the EU. While results in Spain (-0.1 percent), Germany (-0.2 percent) and the UK (-0.8 percent) were slightly negative, Italy (-17.8 percent) and France (-20.5 percent) recorded double-digit drops.
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Press release from ACEA