Data released by the European carmakers’ trade body ACEA shows that the EU car market declined by 16.3% in December and was down 8.2% in 2012 as recession took hold across the region.
The ACEA market figures are consistent with those released for Western Europe by LMC Automotive and published on just-auto earlier this month.
In a statement, ACEA noted that the December decline is the steepest recorded in a month of December since 2008. Over the whole year, demand for new cars in the EU reached the lowest level recorded since 1995, totalling 12,053,904 units. The resulting 8.2% contraction of the EU market (year-on-year) is the most important experienced since the 16.9% downturn in 1993, ACEA said.
In December, most of the major markets recorded a double-digit downturn ranging from -14.6% in France to -16.4% in Germany, -22.5% in Italy and -23.0% in Spain. The UK was the only significant market to post growth (+3.7%). Overall, a total of 799,407 new cars were registered in the EU.
For the year, results were diverse across markets. While the UK expanded (+5.3%) and the German market somewhat contained the decline (-2.9%), Spain (-13.4%), France (-13.9%) and Italy (-19.9%) faced a more severe downturn, leading to an 8.2% overall contraction of the EU car market.
The publication of the ACEA car sales data is also useful because it includes manufacturer sales numbers and market shares.
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