BRUSSELS, Germany (Jan. 18, 2012) — In December, new passenger car registrations in the European Union (EU) dropped by 6.4 percent to 953,108 units, according to new data from the European Automobile Manufacturers´ Association (ACEA), the federation of European vehicle makers.
Over the year 2011, demand for new cars decreased by 1.7 percent, bringing the total number of units registered at 13,111,209. Full-year registrations decreased for the fourth consecutive year, according to ACEA.
In December, Germany was the largest market in units with 244,501 new registrations and the only major one to post growth (+6.1 percent). Spain (-3.6 percent) and the UK (-3.7 percent) recorded single-digit drops, while Italy (-15.3 percent) and France (-17.7 percent) faced a double-digit downturn.
In 2011, most of the EU's significant markets declined, from -2.1 percent in France to -4.4 percent in the UK, -10.9 percent in Italy and -17.7 percent in Spain.
Germany was the exception, as demand for new cars grew by 8.8 percent over 12 months. It remained the largest market with a total of 3,173,634 new registrations, followed by France (2,251,669 units) and the UK (2,030,846 units).
This report appeared in European Rubber Journal, a UK-based sister publication of Tire Business.