Fleet World Workshop Tools
Car Tax Calculator
CO2 Calculator
Car Comparator
Van Tax Calculator
EV Car Comparator
BiK Rates Company Car Tax

European new car market downturn slows in 2013

Latest data from the European Automobile Manufacturers’ Association (ACEA) showed that registrations of 11,850,905 new cars were recorded last year, down 1.7% on 2012 and marking the sixth consecutive year of decline. In terms of annual volumes, 2013 is the worst year since 1995 (which had a total of 15 EU countries at the time), and the worst ever since ACEA began the series in 2003 with the enlarged EU.

However, the 1.7% contraction marked an improvement on the 8.2% fall recorded in 2012, which was the sector's worst result for 18 years.

The full-year results were contrasted across the markets. The UK recorded a double-digit growth (+10.8%), while Spain posted a more moderate upturn (+3.3%). Downturns were seen in Germany (-4.2%), France (-5.7%) and Italy (-7.1%).

The results were in marked contrast to December 2013, which saw a 13.3% increase in new car registrations, the largest monthly year-on-year growth since December 2009 (+16.6%).

Most EU markets posted growth, including the major ones, which ranged from +1.4% in Italy, to +5.4% in Germany, +9.4% in France, +18.2% in Spain and +23.8% in the UK.

However, in absolute figures, the results were the third lowest to date for a month of December with a total of 906,294 units.

However, in absolute figures, the results were the third lowest to date for a month of December with a total of 906,294 units.

For more of the latest industry news, click here.

Natalie Middleton

Natalie has worked as a fleet journalist for 16 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. As Business Editor, Natalie ensures the group websites and newsletters are updated with the latest news.