New car registrations in the EU27 (data for Cyprus and Malta unavailable) decreased to 1,027,036 units in October, marking a 16.6% contraction compared to October 2009. Ten months into the year, demand for new cars has decreased by 5.5%, totaling 11,279,542 new vehicles registered.
In October, all major markets faced a double-digit downturn, ranging from -18.5% in France, to -20.0% in Germany, -22.2% in the UK, -28.8% in Italy and -37.6% in Spain, which recorded the steepest decrease across the EU. In comparison, October 2009 saw an 12.1% upturn in EU registrations compared to 2008, when figures were down 14.9% compared to October 2007.
From January to October, the UK (+4.8%) and Spain (+9.4%) saw their markets expand, while France (-1.4%), Italy (-7.0%) and Germany (-26.8%) performed less well than over the same period last year. The largest drop was noted in Bulgaria (-35.6%) and the biggest increase in Ireland (+53.2%).
In the US, October sales of light-duty vehicles were up 13.4% year-on-year by volume, according to figures from Autodata. For January to October, US sales are up 10.6% to 9,570,721 units.
US sales of light trucks are outpacing those of passenger cars, with October light truck sales up 23.5% to 502,038 units, compared to passenger car sales of 448,127 units, up 3.9% year-on-year.