ERJ staff report (DS)
Brussels -- In September, new passenger car registrations continued their downward trend, declining for the twelfth consecutive month, according to the latest data from ACEA, the federation of European vehicle makers. Demand for new cars was down 10.8 percent, amounting to 1,099,264 units, compared with September 2011. Nine months into the year, the downturn reached 7.6 percent, with a total of 9,368,327 new cars registered in the EU*.
From January to September, the EU* market shrank by 7.6 percent, compared to the first nine months of 2011. Results were diverse across markets, as the UK posted growth (+4.3 percent), while Germany saw its demand fall by 1.8 percent and Spain (-11.0 percent), France (-13.8 percent) and Italy (-20.5 percent) contracted more severely.
In September, the EU* recorded a total of 1,099,264 new cars, or 10.8 percent less than in the same month a year ago. Looking at the major markets, the British was the only one to expand, while Germany (-10.9 percent), France (-17.9 percent), Italy (-25.7 percent) and Spain (-36.8 percent) all faced a double-digit downturn.
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Press release from ACEA