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
Check out our
, at a low annual charge of €25 - - if
you are a regular user of Finfacts, 50 euro cent a week is hardly a huge ask to
support the service.