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New passenger car registrations in Europe fell by 7.4% in April following ending of government scrappage schemes
By Finfacts Team
May 17, 2010 - 8:40:33 AM
New passenger car registrations in Europe fell by 7.4% in April compared to the same month last year. The fall was primarily the result of the ending of government scrappage schemes.
The European Automobile Manufacturers Association (ACEA) reported today that over the first four months of 2010 the market expanded by 4.8% compared to the same period a year ago, while shrinking by 11.6% in comparison to January-April 2008. The decline in April registrations, the first in ten months, is linked to the upturn in registrations last year when a growing number of markets had started to benefit from fleet renewal incentives. In the first months of the present year, however, government support has ended or begun to fade out and the economic situation remains difficult.
In absolute numbers, a total of 1,134,701 new cars were registered in the EU* in April. Of the largest markets, Germany registered the largest number of new cars (259,414 units) though new registrations declined the most (-31.7%) percentage wise, followed by Italy (-15.7%), the Czech Republic (-13.2%), Poland** (-11.9%) and Austria (-11.6%). The steepest decline was noted in Bulgaria (-50.8%). By contrast, markets expanded in France (+1.9%), the UK (+11.5%), Belgium (+20.3%) and Spain (+39.3%).
Irish car sales at 8,544 in April were up 95.4% on April 2009 and in the January-April period at 50,906, were up 38.3% on the same period in 2009.
Four months into the year, a total of 4,809,647 new passenger cars were registered in the EU*, or 4.8% more than in the same period last year. Most of the larger markets increased registrations, ranging from +7.5% in Austria to +12.9% in France, +13.4% in Italy, +23.9% in the UK, +43.2% in Spain and +59.1% in Portugal. Germany (-25.5%) and Poland (-10.5%), however, recorded a decline.
* EU27, data for Cyprus and Malta unavailable
* Figures reported in Poland correspond to sales; registrations are lower by ca. 5% in April and lower by ca.6-7% YTD