Cyrrus (Cyrrus)
Macroeconomics  |  October 16, 2012 09:34:29

ACEA: In September it was registered in Europe 1.132 million vehicles = decrease by 11% y / y

According to ACEA data for September in the EU27 + EFTA newly registered 1.132 million units, which means 11% decrease compared to registrations in September last year. These data indicate a continued weak European demand for new cars. Major European markets such as France, Italy and Spain fell a double-digit pace, and even Germany, which in recent months also showed a slight weakening is for September fell by 10.9% yoy. The only large market, which in terms of registrations of new passenger cars increased, the United Kingdom. At that it was due to 8.2% annual growth registered 360 thousand. new cars, overtaking Germany as well.In terms of major European automakers suffered the greatest declines Renault (-29.5% yoy) and Fiat (-18.5% yoy). German brands such as Volkswagen (-8% yoy) and Daimler (-6.9%) also lost. In contrast, growth of registered cars scored BMW (+4.4% yoy).

The September data is perceived as confirmation of our assumption that the European automotive market has not yet reached its bottom and still expect a further weakening of his.

George Šimara
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