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European Passenger Car Registrations: -9.8% in first quarter; -10.2% in March

The ACEA reports that In March, demand for new passenger cars was on the decline for the 18th consecutive month, totaling 1,307,107 units. Over the first quarter of 2013, new car registrations amounted to 2,989,486 units, or 9.8% less than in the first three months of 2012. In March, the UK remained a resilient market, … Continued

The ACEA reports that In March, demand for new passenger cars was on the decline for the 18th consecutive month, totaling 1,307,107 units. Over the first quarter of 2013, new car registrations amounted to 2,989,486 units, or 9.8% less than in the first three months of 2012.

In March, the UK remained a resilient market, posting a 5.9% growth, while Italy (-4.9%), Spain (-13.9%), France (-16.2%) and Germany (-17.1%) saw their demand decrease. Overall, the EU* recorded a total of 1,307,107 new cars, or 10.2% less than in March 2012.

From January to March, except for the UK (+7.4%), all major markets faced a double-digit downturn ranging from -11.5% in Spain to -12.9% in Germany, -13.0% in Italy and -14.6% in France. Overall new car registrations decreased by 9.8% in the first quarter, compared to the same period a year earlier.

* EU27, data for Malta unavailable

 

 

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