Passenger car: registrations drop 16.6% in October
Brussels, 16/11/2010 – New car registrations in the EU* decreased to 1,027,036 units in October, marking a 16.6% contraction compared to October 2009.
Brussels, 16/11/2010 – New car registrations in the EU* decreased to 1,027,036 units in October, marking a 16.6% contraction compared to October 2009.
Ten months into the year, demand for new cars has decreased by 5.5%, totaling 11,279,542 new vehicles registered.
In October, all major markets faced a double-digit downturn, ranging from -18.5% in France, to -20.0% in Germany, -22.2% in the UK, -28.8% in Italy and -37.6% in Spain, which recorded the steepest decrease across the EU*. In comparison, October 2009 saw an 12.1% upturn in EU* registrations compared to 2008, when figures were down 14.9% compared to October 2007.
From January to October, the UK (+4.8%) and Spain (+9.4%) saw their markets expand, while France (-1.4%), Italy (-7.0%) and Germany (-26.8%) performed less well than over the same period last year. The largest drop was noted in Bulgaria (-35.6%) and the biggest increase in Ireland (+53.2%).
* EU27, data for Cyprus and Malta unavailable
NB: Commencing with the January 2010 new passenger car registrations figures, the ACEA data sheets will provide new vehicle registrations in alphabetical order for the countries of the European Union, and no longer separate for Western-Europe (15) and new EU Member States (10)*. Results for the EFTA countries will continue to be reported separately. The monthly press releases will quote the ‘EU’ figures first, followed by the ‘total Europe’ figures, adding up the EU and EFTA figures.
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About ACEA
- The European Automobile Manufacturers’ Association (ACEA) represents the 14 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Francesca Piazza, Senior Statistics Manager, fp@acea.auto.
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About the EU automobile industry
- 13.0 million Europeans work in the automotive sector
- 11.5% of all manufacturing jobs in the EU
- €374.6 billion in tax revenue for European governments
- €101.9 billion trade surplus for the European Union
- Over 7% of EU GDP generated by the auto industry
- €59.1 billion in R&D spending annually, 31% of EU total
