New car registrations continue to rise in Europe

ERJ staff report (DS)

Brussels -- In September, European passenger car registrations increased by 6.3% compared to September 2008, reaching a total of 1,388,136 new car registrations. The September results were boosted in markets with government incentives to support fleet renewal in place, and especially in those countries where these schemes come to an end soon. Nine months into the year, registrations of new cars were lower than over the same period of 2008, noting a decrease of 6.6%.

The West European market increased by +9.6% in September compared to the same month last year, recording the largest jump since 1999. In absolute figures, however, the September registrations stayed below the levels reached since 2002.

In the new EU Member States, the downturn prevailed, reflecting the still challenging market conditions. In September, markets contracted by 36.4% in the region.

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Press release from ACEA