New car registrations in the European Union
decreased by 1.8% in October, totalling 1,005,976 units. From
January to October, the region recorded 11,126,436 new cars, or
1.2% less than in the first ten months of 2010.
The UK market, however, grew by 2.6% in
October, compared to October 2010. French registrations were also
up, by 2.4%, while the German market was relatively stable at
+0.6%. However results in Italy (-5.5%) and Spain (-6.7%) helped to
pull down the overall EU figure.
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From January to October, Germany was the only
major market to post significant growth (+9.8%), compared to the
same period last year. France’s demand increased slightly by 0.4%,
while the UK (-4.5%), Italy (-10.8%) and Spain (-19.7%) all posted
negative figures.
The highest year-to-date increases, compared
to last year, were recorded in the Baltic states: Latvia (+80%),
Lithuania (+77.6%) and Estonia (+75.4%), while the sharpest drops
were in beleaguered Greece (-35.7%), Portugal (-24.9%) and Spain
(-19.7%).
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By GlobalData
