17 May 2013 10:24 [Source: ICIS news]
LONDON (ICIS)--EU passenger car registrations in April 2013 rose for the first time since September 2011, rising by 1.7% year on year, an industry body said on Friday.
According to data from the European Automobile Manufacturers’ Association (ACEA), 1,038,343 new passenger cars were registered in the region in April, up from 1,021,358 units registered in the same month in 2012.
The ACEA said the region counted on average two more working days during the period compared with the April last year, which would account for the increase.
“In April, results were varied across markets. Looking at the major ones, Germany (+3.8%), Spain (+10.8%) and the UK (+14.8%) expanded, while France (-5.3%) and Italy (-10.8%) faced a downturn,” the ACEA added.
During the first four months into the year, new car registrations amounted to 4,026,946 units, down 7.1% compared with the same period last year.
“From January to April, the UK remained the only major market to post growth (+8.9%). Spain (-6.7%), Germany (-8.5%), France (-12.3%) and Italy (-12.3%) all saw their demand decline, leading to an overall 7.1% decrease in the EU,” 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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