Europe car sales drop to 22-year low... ...but UK see’s an increase in sales

30th November 2012

Figures from the Society of Motor Manufacturers and Traders (SMMT) also report that car registrations rose by 8.2% to 359,612 in September 2012, compared with September 2011, surpassing dealer expectations by more than 26,000 vehicles.

Britain’s car industry provided a welcome boost to the economy

Once business and fleet sales were removed, it pointed to a
better-than-expected demand among households, with new carregistrations up by 14.2% compared with September 2011. In comparison, just 688,168 new cars were registered in September 2012 across the EU, down by 8.9% year-on-year marking an 11th consecutive monthly fall.

One in three car sales across Europe are in Germany, however even they experienced a slide in sales, which fell by nearly 5%. Sales in France were down by 11%, Italy dropped by 20% and Greece tumbled by a massive 47%, according to industry analysts ACEA who compiled the data.

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