UK bucks downward trend in EU car registrations
ERJ staff report (BC)
Brussels – In February, new car registrations in the European Union pursued the downward trend commenced in October 2011, according to the European Automobile Manufacturers’ Association (ACEA) in its latest monthly report.
Registrations dropped to fewer than 800 000 units. In total, 795 482 new cars were recorded in the EU, or 10.5 percent less than in the same month last year. From January to February, demand for new cars declined by 9.5 percent, amounting to 1,681,073 units.
In February, the UK was the only country to post growth (+7.9 percent). All other significant markets faced a downturn ranging from -9.8 percent in Spain to -10.5 percent in Germany, -12.1 percent in France and -17.4 percent in Italy.
Two months into the year, Germany (-9.6 percent) and Spain (-9.7 percent) performed similarly, compared to the same period a year earlier. France (-13.5 percent) and Italy (-17.3 percent) recorded a double-digit downturn, while demand was sustained in the UK (+10.3 percent).
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