Registrations of new passenger cars across the
27 European Union nations (excluding Cyprus and Malta) for 2011
were down 1.7% on the figure for 2010, less than the 4.4% fall in
the UK.
2011 was the fourth consecutive year of
decline in new registrations in the EU with Germany being the only
significant market to witness an increased demand for new cars (up
8.8% on 2010).
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Loss of new registrations was sharper in key
markets such as Italy (10.9%) and Spain (17.7%) than the UK, and
although France saw less of a decline, it too outstripped the
continental average, losing 2.1% of its market.
The UK, however, did not see as heavy a fall
in new registrations in December 2011 (compared to the same month
the previous year) as the European average, registering a
contraction of 3.7% while the total markets for the 25
EU nations dropped by 6.4%.
Year-on-year, Germany posted 6.1% growth in
new car sales for December 2011, while Spain dropped by 3.6%, Italy
by 15.3% and France by 17.7%.
richard.brown@vrlfinancialnews.com
