19 February 2013 10:16 [Source: ICIS news]
LONDON (ICIS)--European passenger car registrations fell in January 2013, declining 8.7% year on year, an industry body said on Tuesday.
According to data from the European Automobile Manufacturers’ Association (ACEA), 885,159 new passenger cars were registered in the region in January, down from 969,219 units registered in the same month in 2012.
The industry body said the figure is the lowest recorded for a month of January, since the start of the series in 1990.
The fall in January continues a downward, year-on-year trend which began in October 2011.
“Looking at the major markets, only the UK posted growth (+11.5%), while downturn prevailed in Germany (-8.6%), Spain (-9.6%), France (-15.1%) and Italy (-17.6%),” the ACEA said.
“In absolute figures, Germany remained the largest market with 192,090 new registrations, followed by the UK (143,643 units), France (124,798) and Italy (113,525). Spain registered 49,671 new cars, which was slightly less than Belgium (50,684 units),” it added.
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.
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