EU new passenger car registrations fall for ninth consecutive month

17 July 2012 11:23  [Source: ICIS news]

LONDON (ICIS)--New registrations for passenger cars in the 27-member EU in June fell for the ninth consecutive month, an industry body said on Tuesday.

According to data from the European Automobile Manufacturers’ Association (ACEA), 1,201,578 new passenger cars were registered in the region in June, down by 2.8% from the same month in 2011, continuing the downward trend which began in October last year.

“June results were diverse across the EU, leading to an overall 2.8% downturn,” the ACEA said.

“Looking at the major markets, Germany (+2.9%) and the UK (+3.5%) posted growth, while Spain (-12.1%) and Italy (-24.4%) contracted. The French market remained stable (-0.6%),” it added.

In the first half of 2012, new registrations for cars in the EU fell by 6.8% year on year to 6,644,829.

“From January to June, Germany (+0.7%) and the UK (+2.7%), the two largest markets, performed better than in the first six months of last year. Downturn prevailed in Spain (-8.2%), France (-14.4%) and Italy (-19.7%),” the ACEA said.

A wide variety of chemical markets depend on demand from the automotive industry, which has suffered badly from the effects of the global economic crisis.

By: Franco Capaldo
+44 (0)20 8652 3214

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly