EU car registrations continued slowdown in May

ERJ staff report (DS)

Brussels - In May, demand for new passenger cars in the EU was down (-8.7 percent) for the eighth consecutive month. In total, 1,106,845 new cars were recorded in the region, according to new data from ACEA, the federation of European vehicle makers. May 2012 counted on average one working day less than May 2011. Five months into the year, new registrations amounted to 5,442,326 units, or 7.7 percent less than in the same period last year.

From January to May, registrations slightly increased in two of the most significant markets, with the German stable at +0.3 percent and the British recording +2.6 percent. Elsewhere, demand dropped, by 7.3 percent in Spain, and more severely in France (-17.2 percent) and Italy (-18.9 percent) .

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Press release from ACEA