17 January 2012 10:15 [Source: ICIS news]
LONDON (ICIS)--New registrations for passenger cars in the 27-member EU fell by 1.7% in 2011 compared with 2010, despite Germany seeing growth, an industry body said on Tuesday.
According to the data from the European Automobile Manufacturers Association (ACEA), more than 13m new passenger cars were registered in the region in 2011.
“In 2011, most of the significant markets declined, from -2.1% in ?xml:namespace>
New registrations for passenger cars in the EU during December were down by 6.4%, to 953,108 units, compared to the same period in 2010.
A wide variety of chemicals markets depend on demand from the automotive industry, which has suffered badly from the effects of the global economic crisis.
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