Primet licensing NanoScission process for lower cost production of electrode materials
CSA group and IPAC-CO2 propose bi-national standard for geologic storage of CO2

European new car market continued to shrink in October

In October, the EU market of new passenger cars continued to shrink, although at a slightly slower pace than in the previous months, according to data released by the European Association of Automobile Manufacturers (ACEA). New registrations totaled 959,412 cars, or 4.8% less than in October last year. From January to October, new car registrations amounted to 10,327,276 units, or 7.3% less in than in the first ten months of 2011.

Results in October were diverse across countries, leading to an overall 4.8% downturn in the EU. While the German market remained quite stable (+0.5%), the UK expanded by 12.1%. France (-7.8%), Italy (-12.4%) and Spain (-21.7%) performed worse than in the same month a year ago.

From January to October, the UK was the only major market to post growth (+5.0%). The German (-1.6%) slightly contracted, while Spain (-11.9%), France (-13.3%) and Italy (-19.7%) faced a double-digit downturn. Overall, new car registrations were down 7.3% ten months into the year, compared to the same period a year earlier.



Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.


Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)