Figures published by the European Automobile Manufacturers’ Association show demand in the EU for new passenger cars dropped by 7.1% in January 2012, compared to the same month a year earlier.
In total, 968,769 new registrations were recorded in the region (EU27, data for Malta unavailable).
During January new car registrations varied by country, with France and Italy reporting a double-digit downturn of -20.7% and -16.9% respectivly. Spain however posted a 2.5% growth and the German (-0.4%) and British (-0.0%) markets remained stable. The biggest contraction was noted in Portugal, where new registrantions fell 47.4%, with the largest increase seen in Romania, up 86.4%.
Edited by: Paul Whittaker, Editor ipmd.net, [email protected]