EU September new car registrations rise 5.4% year on year

16 October 2013 16:56 Source:ICIS News

LONDON (ICIS)--EU registrations for new passenger cars rose 5.4% year on year to 1,159,066 in September, according to sales data released by the European Automobile Manufacturers’ Association (ACEA) on Wednesday.

However, ACEA said that September’s increase compares with “record low volumes” in September last year. September 2013 also counted on average one more working day across the EU than September 2012, the group said.

The overall EU new passenger car market expanded year on year in September, despite recording the second lowest level of registrations for a month of September since 2003 when ACEA began recording EU new car registrations, the group added.

In September, major markets posted growth, led by Spain, up 28.5%, the UK, up 12.1%, and France, up 3.4%. However, Italy and Germany saw new car registrations fall by 2.9% and 1.2%, respectively.

For the nine-month period from January to September, new car registrations were down 3.9% year on year to 9,000,629 vehicles.

Germany-based VW Group remained Europe’s largest car manufacturer, accounting for 24.8% of EU new car registration for the nine months ended September, ahead of France’s PSA Group with 11.1%.

ACEA’s September data does not include sales from Malta, which was unavailable, and from Croatia, which joined the EU as 28th member state this year.

A wide variety of chemical markets depend on demand from the automotive industry.

By Stefan Baumgarten