Europe: August new car registrations up 7.7 percent image

Registrations of new passenger cars in the Europe rose by 7.7% year-on-year in August 2011, following a 2% fall recorded in July this year, the European Automobile Manufacturers Association said in a statement.

ACEA released data for both July and August following the group’s annual summer break.

New EU* registrations totaled 753,709 in the month. Most markets expanded, including all the bigger ones. Germany (+18.3%), the UK (+7.3%), Spain (+5.9%), France (+3.1%) and Italy (+1.5%) all performed better than last year.

However, for the entire year, from January to August, 8,888,793 new cars were registered in the EU, or 1.3% less than in the first eight months of 2010.
The main markets showed a mixed picture: Germany posted a double-digit growth (+11.2%), France remained stable (+0.4%), the UK was down 6.1%, Italy contracted by 12.0% and Spain fell by 22.2%.

According to the Ifo Institute, the production volume of the German automative industry is expected to grow by an average of 11-12% this year. It said a precise forecast for 2012 was difficult due to the euro crisis.