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Passenger Car Registrations: -6.8% In First Half-Year; -2.8% In June

In June, new passenger car registrations declined by 2.8% in the EU, continuing the downward trend commenced in October last year. In total, 1,201,578 new cars were registered in the region in the month, which counted on average the same number of working days as in June 2011. In the first semester this year, demand for new cars was down 6.8%, compared to the first half of 2011, amounting to 6,644,829 units.

June results were diverse across the EU, leading to an overall 2.8% downturn. Looking at the major markets, Germany (+2.9%) and the UK (+3.5%) posted growth, while Spain (-12.1%) and Italy (-24.4%) contracted. The French market remained stable (-0.6%).

From January to June, Germany (+0.7%) and the UK (+2.7%), the two largest markets, performed better than in the first six months of last year. Downturn prevailed in Spain (-8.2%), France (-14.4%) and Italy (-19.7%).

Source: http://www.acea.be/index.php/news/news_detail/passenger_car_registrations_-6.8_in_first_half-year_-2.8_in_june


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