Tuesday 17 September 2013

Downturn throughout the European Union in New car registrations

"Despite a downturn throughout the European Union in new car registrations, the UK managed to escape the drop and post solid growth in August, according to data published on Tuesday by the European Automobile Manufacturers' Association. 

After a 5.0% increase in July, new passenger car registrations fell by 5.0% in August to 653,827 during the month.

The drop was led by an 18.3% drop in Spain, a 10.5% fall in France, a 6.6% decline in Italy and a 5.5% contraction in Germany. 

However, bucking the general trend the UK produced good news with a 10.9% expansion.

From January to August, 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. Only the UK performed better in the first eight months of the year with a 10.44% increase on-the-year. 

Overall, new registrations for the region fell by 5.2% year-on-year. The total ended at 7,841,596 units, the lowest level ever recorded for the January to August period since the series began in 1990".

Source:LiveCharts

Popular Posts