In February, new car registrations
in Europe continued in a downward trend since October 2011, reaching their lowest level with less than 800,000 units. In
total, 795,482 new cars were recorded in the EU*, or 10.5% less than in the same
month last year. From January to
February, demand for new cars declined by 9.5%, amounting to 1,681,073
The data was issued by the European Automobile Manufacturers Association (ACEA -
- Association des Constructeurs Europeens d'Áutomobiles ), which represents the
interests of the fifteen European car, truck and bus manufacturers at EU level.
In February, the UK was the only country to post growth (+7.9%).
All other significant markets faced a downturn ranging from -9.8% in Spain to
-10.5% in Germany, -12.1% in France and -17.4% in Italy. Sales in Ireland dipped
Two months into the year, Germany (-9.6%) and Spain (-9.7%)
performed similarly, compared to the same period a year earlier. France (-13.5%)
and Italy (-17.3%) recorded a double-digit downturn, while demand was sustained
in the UK (+10.3%).
Motor sector executives across
expect a very difficult year for the industry with only 30% of respondents
polled by the PwC auditing and consulting company forecasting rising revenues
throughout 2013, indicating executive in the industry were far
more skeptical than their counterparts in other sectors.
The survey said carmakers selling in Europe would be in reverse gear for much of
the year, with output expected to drop by 1.2% to total 15.6m
However, the PwC poll also showed that a number of German
car makers such as
Volkswagen, BMW and Audi may well once again buck the trend and at least reach last
year's sales levels in Europe as a whole and the German market in particular.
* EU27, data for Malta unavailable
Tables of sales by country and brand [pdf]