17 September 2013 10:25 [Source: ICIS news]
LONDON (ICIS)--EU new passenger car registrations for January-August this year are at their lowest-ever level for this period, declining by 5.2% year on year, an industry body said on Tuesday.
New registrations totalled 7,841,596 units, the lowest since the figures started to be compiled in 1990, according to the European Automobile Manufacturers’ Association (ACEA).
“Most major markets faced a downturn ranging from -3.6% in Spain to -6.6% in Germany, -9.0% in Italy and -9.8% in France. The UK was the only one to perform better than in the first eight months of 2012 (+10.44%).”
New passenger car registrations increased by 5% year on year in July and fell by the same amount in August.
In July, 982,544 new cars were registered in the EU, “Italy was the only major market to shrink (-1.6%), while growth reached +0.9% in France, +2.1% in Germany, +12.7% in the UK and +14.9% in Spain.”
For August, there were 653,872 new car registrations, according to the ACEA.
“Downturn prevailed across significant markets, resulting in an overall 5.0% decline in the EU,” the agency said.
“The UK was the only major market to expand (+10.9%), while the German contracted by 5.5%, the Italian by 6.6%, the French by 10.5% and the Spanish by 18.3%.”
July counted on average one more working day across the EU, while August totalled one less, the agency said.
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