YtD EU new car registrations reach lowest level recorded
The data shows that registrations for the year to date are at the lowest level recorded, with 7,841,596 units registered or 5.2% less than in the same period last year.
Over this period, only the UK put in a positive performance, with registrations up 10.44%. In contrast, the other major markets all saw a downturn, ranging from -3.6% in Spain to -6.6% in Germany, -9.0% in Italy and -9.8% in France.
In July, passenger car registrations rose 5.0%, with the month counting on average one more working day across 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. In total, 982,544 new cars were registered in the EU, or 5.0% more than in July 2012.
However, August results were down, with a fall of 5.0% to 653,872 new car registrations. On average the month saw one working day less across the EU. The downturn prevailed across significant markets, with the German market contracted by 5.5%, the Italian by 6.6%, the French by 10.5% and the Spanish by 18.3%. The UK was the only major market to expand (+10.9%).
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