New car sales in the EU fell 5.5% in 2010 as demand fell back after government scrapping schemes ended, ACEA said in a statement on Friday.
“The 2010 results were marked by the ending of government fleet renewal schemes in many EU countries,” ACEA said.
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The EU market for new passenger cars declined by 5.5%, with a total of 13,360,599 new units registered throughout the year.
The ACEA data confirms data released earlier this month by JD Power and published on just-auto.
JD Power forecasts that the West European car market will register a slight fall in 2011 with sales of 12.7m units, 2% below the 2010 tally. The projected decline for the year reflects the calendar year comparison and a relatively strong first half of 2010 base caused by some ‘spillover’ of scrappage in sales stats from schemes that had ended in 2009 or were ending.
However, the underlying demand situation is expected to improve slightly in 2011 as the European economy picks up.
Full ACEA press release (includes markets and manufacturer data detail)
See also:
ANALYSIS: West European car market ‘over the worst’
ANALYSIS: Germany’s car market turns a corner
