16 July 2013 10:41 [Source: ICIS news]
LONDON (ICIS)--EU passenger car registrations in June fell by 5.6% year on year, an industry body said on Tuesday.
According to data from the European Automobile Manufacturers’ Association (ACEA), demand for new passenger cars in June totalled 1,134,042 units, down from 1,201,548 units in the same month the year before.
The ACEA said the level was the lowest recorded since 1996.
“In June, the UK was the only major market to expand (+13.4%), while the Spanish slipped by 0.7% and the German (-4.7%), Italian (-5.5%) and French (-8.4%) contracted,” it added.
The reported fall follows a revised 6.9% year-on-year decrease for EU passenger car registrations in May 2013.
During the first half of the year, new EU car registrations amounted to 6,204,990 units, down by 6.6% compared with the same period last year.
“From January to June, except for the UK which expanded by 10.0%, all other major markets faced a downturn ranging from -4.9% in Spain to -8.1% in Germany, -10.3% in Italy and -11.2% in France,” 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.
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