New car registrations in the EU excluding Cyprus and Malta, decreased to 1,027,036 units in October, marking a 16.6% contraction compared to October 2009.
Data from the European Automobile Manufacturers Association (ACEA) shows ten months into the year, demand for new cars has decreased by 5.5%, totalling 11,279,542 new vehicles registered.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
In October all major markets faced a double-digit downturn, ranging from -18.5% in France, to -20.0% in Germany, -22.2% in the UK, -28.8% in Italy and -37.6% in Spain, which recorded the steepest decrease across the EU.
In comparison, October 2009 saw an 12.1% upturn in EU registrations compared to 2008, when figures were down 14.9% compared to October 2007.
From January to October, the UK (+4.8%) and Spain (+9.4%) saw their markets expand, while France (-1.4%), Italy (-7.0%) and Germany (-26.8%) performed less well than compared to the same period last year.
The largest drop was noted in Bulgaria (-35.6%) and the biggest increase in Ireland (+53.2%).
