ACEA: Registrations of new cars fell by 5.5% in 2010

During the 12 months of 2010, new car registrations in EU markets fell by 5.5% to a total of 13,360,599 vehicles. Results last year were marked by the conclusion of scrappage programs in several major countries.

According to statistics from the European Automobile Manufacturers Association (ACEA), in December, when there was a new car registrations fall 3.2%, demand for new cars has suffered a sharp decline in Spain (-23.9%), Italy ( -21.7%) and England (-18.0%). The French market has remained relatively stable (-0.7), while registrations in Germany rose by 6.9% compared to same month in 2009.

From January to December, the situation varied by main car markets in Europe, leading an overall decrease of 5.5% throughout 2010. If Spain and England new car registrations rose 3.1% and 1.8%, Germany reported a decline of 23.4%. Markets in Italy (-9.2%) and France (-2.2%) were also contracted.

The largest increase was reported in Ireland, where the car market has recovered 54.7% from 62.1% decline in 2009. In contrast, Greece recorded the largest decline (-35.8%), followed by Bulgaria (-28.9%).

Top best-selling car brands in 2010 is led by Volkswagen, with 1.48 million vehicles (-7.4% compared to 2009), followed by Renault with 1.129 million (3.3%) and Ford's 1.082 million ( -13.9%).

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