EU Economy
New car registrations in Europe in 2012 were at the lowest since 1995
By Finfacts Team
Jan 16, 2013 - 4:51 PM

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New car registrations in Europe in 2012 were at the lowest since 1995 as the number of new cars registered fell 8.2% to a total of 12.05m vehicles, the European Automobile Manufacturers' Association (ACEA - - - - Association des Constructeurs Europeens d'Áutomobiles) announced Wednesday. The decline - compared to the previous year - was the steepest since 1993, when annual sales contracted 16.9%, it added.

In Portugal, sales dipped 44%, while Greece posted a 34% plunge followed by Spain with a 23% tumble. Sales slid 15% in Ireland. The biggest slump of 51% was reported in Cyprus.

Shrinkage hits Italy, Germany

In the big markets, Germany and Italy, also shrank in 2012. Their new registrations plummeted by 16% and 22% respectively.

Only two non-Eurozone countries Sweden and UK posted solid gains in 2012, +7% and +4%.

Report [pdf] including brands

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