EU passenger car registrations fall 5.5% in 2010
A total of 13,360,599 new units were registered throughout the year, reflecting the ending of government fleet renewal schemes in many EU countries.
Results varied across the major markets. Where Spain and the UK saw new car registrations increase by 3.1% and 1.8% respectively, Germany recorded a 23.4% decline. The Italian (-9.2%) and the French (-2.2%) markets also contracted. The biggest increase was observed in Ireland where the market grew by 54.7% after the sharp 62.1% drop in 2009. Bulgaria recorded the steepest downturn (-28.9%).
Registrations in December were also down, with a figure of 1,009,638 units recorded – 3.2% less than in December 2009.
In December (-3.2%), demand for new cars declined significantly in Spain (-23.9%), Italy (-21.7%) and the UK (-18.0%). The French market remained stable (-0.7%) while the German expanded by 6.9%.