Brussels — After declining by 2.0 percent in July, new EU passenger car registrations increased by 7.7 percent in August, recording growth for the third time in the year, according to new data from ACEA, the federation of European vehicle makers. Eight months into 2011, a total of 8,888,793 new cars were registered in the EU, or 1.3 percent less than in the same period a year ago.
ACEA released data for both July and August following the group’s annual summer break. In July, the EU recorded 1,012,910 new cars, which is 2 percent less than in July last year. Looking at the largest markets, only Germany posted growth (+9.9 percent), while Italy (-10.3 percent), France (-5.7 percent), Spain (-4.0 percent) and the UK (-3.5 percent) all saw their markets decline.
August results were positive when compared to August 2011 (+7.7 percent). New EU* registrations totaled 753,709 in the month. Most markets expanded, including all the bigger ones. Germany (+18.3 percent), the UK (+7.3 percent), Spain (+5.9 percent), France (+3.1 percent) and Italy (+1.5 percent) all performed better than last year.
From January to August, 8,888,793 new cars were registered in the EU, or 1.3 percent less than in the first eight months of 2011.The main markets showed a mixed picture: Germany posted a double-digit growth (+11.2 percent), France remained stable (+0.4 percent), the UK was down 6.1 percent, Italy contracted by 12.0 percent and Spain fell by 22.2 percent.
Press release from ACEA
Source: european-rubber-journal.com
Notice:
You can find more and more rubber news at:
globalrubbermarkets.com
Rubber Markets News, Rubber Prices Reports, Rubber Market Analytics & Outlook Reports
