EU new car registrations up 8.2 percent in January-October
In October this year, new car registrations totaled 1,104,868 units in the European Union (EU), with an increase of 2.9 percent year on year, while demand for new passenger cars saw growth slowing down in all major markets, according to the latest figures issued by the European Automobile Manufacturers’ Association (ACEA).
In October, Italy (+8.6 percent), Spain (+5.2 percent), Germany (+1.1 percent), and France (+1 percent) were the major EU markets which recorded increases in new car registrations on year-on-year basis.
Meanwhile, in the January-October period new passenger car registrations in the EU increased to 11,523,903 units, up 8.2 percent year on year. In this period, Spain saw an increase of 20.5 percent and Italy saw an increase of 14.7 percent, while new passenger car registrations in the UK rose by 6.4 percent, with registrations in France rising by 5.7 percent and with registrations in Germany up 5.1 percent, all year-on-year basis.