In February this year, new car registrations totaled 1.11 million units in the European Union (EU), decreasing by one percent year on year, according to the latest figures issued by the European Automobile Manufacturers' Association (ACEA).
In February, demand for new cars in the European Union fell by 2.9 percent compared to January. After a five‐month decline, demand for new cars increased modestly in Germany (+2.7%), France (+2.1%) and the United Kingdom (+1.4%) in the given month. However, in Spain (‐8.8%) and Italy (‐2.4%) car registrations continued to decrease for the sixth consecutive month.
Meanwhile, in the January-February period, new passenger car registrations in the EU decreased to 2.31 million units, down 2.9 percent year on year. Some countries saw strong year-on-year decrease, most notably Spain (8.4%) and Italy (4.9%). New passenger car registrations remained more or less stable in Germany (+0.6%), France (+0.5%) and the United Kingdom (‐0.6%).