The latest figures issued by the European Automobile Manufacturers' Association (ACEA) show that European Union (EU) new car registrations recorded in October this year totaled 1,005,976 units, decreasing by 1.8 percent year on year and down 18.4 percent compared to September this year.
In October, demand in Germany, the largest market, remained stable (+0.6 percent), while the UK and France posted 2.4 percent and 2.6 percent growth respectively. Meanwhile, Italy and Spain recorded decreases of 5.5 percent and 6.7 percent respectively, leading to an overall 1.8 percent decline in new registrations.
Meanwhile, in the January-October period this year, new car registrations totaled 11,126,436 units in the EU, with a decrease of 1.2 percent over the same period of 2010. In particular, in the first 10 months of 2011, the UK (-4.5 percent), Italy (-10.8 percent) and Spain (-19.7 percent) all saw their markets contract, while France saw its demand increase slightly (+0.4 percent) and Germany posted significant growth (+9.8 percent).