EU new car registrations fell by 1.7% in 2011

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 France to -4.4% in the UK, -10.9% in Italy and -17.7% in Spain. Germany was the exception as demand for new cars grew by 8.8% over 12 months. It remained the largest market with a total of 3,173,634 new registrations, followed by France (2,251,669 units) and the UK (1,941,253 units),” the ACEA said.

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.

“In December, Germany was the largest market in units with 244,501 new registrations and the only major one to post growth (+6.1%). Spain (-3.6%) and the UK (-3.7%) recorded single-digit drops, while Italy (-15.3%) and France (-17.7%) faced a double-digit downturn,” the association added.

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.

By: Leigh Stringer
+44 208 652 3214

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