Passenger car: registrations drop by 9.7% in February 2012
Brussels, 15/03/2012 – In February, new car registrations were down by 9.7% in the EU*, compared to February 2011, totaling 888,878 units
Brussels, 15/03/2012 – In February, new car registrations were down by 9.7% in the EU*, compared to February 2011, totaling 888,878 units. In the region, the month counted on average one more working day than last year.
In the first two months of 2012, the EU* recorded 1,858,066 new cars, or 8.3% less than in the same period a year earlier.
In February, demand for new cars dropped in all major markets, except Germany where registrations remained stable (-0.0%). Spain (-2.1%), the UK (-2.5%), Italy (-18.9%) and France (-20.2%) all saw their markets shrink.
From January to February, downturn prevailed in the EU*. While results in Spain (-0.1%), Germany (-0.2%) and the UK (-0.8%) were slightly negative, Italy (-17.8%) and France (-20.5%) recorded double-digit drops.
* EU27, data for Malta unavailable
- 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, Jaguar Land Rover, 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, email@example.com.
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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
- €79.5 billion trade surplus for the European Union
- Almost 8% of EU GDP generated by the auto industry
- €58.8 billion in R&D spending annually, 32% of EU total