European car registrations fell in January

ERJ staff report (DS)

Brussels -- Data released by ACEA, the federation of European car makes on 16 Feb shows that registrations of new cars decreased by 1.4% in the first month of 2011 compared to the same month last yearRegistrations of new cars decreased by 1.4% in the first month of 2011 compared to the same month last year.

Markets showed different movements across the region in January 2011 compared to January 2010, with the French (+8.2%) and German (+16.5%) markets posting growth, while the UK (-11.5%), Italy (-20.7%) and Spain (-23.5%) recorded a double-digit downturn. In absolute figures, Germany registered the most vehicles (211,056), followed by France (185,521), Italy (164,356), the UK (128,811), the Netherlands (75,174) and Spain (53,632).

The largest contraction was observed in Greece (-63.3%), while Latvia expanded the most (+126.4%), rebounding from very low levels.

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Press release from ACEA