In January this year, new car registrations totaled 1.2 million units in the European Union (EU), decreasing by 4.6 percent year on year, according to the latest figures issued by the European Automobile Manufacturers' Association (ACEA).
In January, demand for new cars fell across almost the entire European Union, including the EU’s five major markets. Spain and Italy posted the highest decreases, with eight percent and 7.5 percent respectively. Meanwhile, demand for new cars declined by 1.6 percent in the United Kingdom, by 1.4 percent in Germany and 1.1 percent in France.