New Passenger Car Registration Statistics
New passenger car registration in Europe reached 1,240,539 units in May this year according to statistics published by the ACEA today. These figures represent a rise of 1.2% in comparison with 1,226,000 units produced in May 2003. This marginal increase has been put down to fewer working days in most EU countries but also to declining consumer confidence in some countries. Cumulative figures for the first five months of this year show an increase of 2.8% in line with most predictions.
National figures for the month of May show increases in a majority of countries. Among the five main markets Italy (+12%) was the best performer, ahead of Spain (+8.9%) and France (+4.8%), while Germany (-7.3%) and the U.K. (-2.8%) posted decreases. Cumulative figures show increases in 11 countries with +2.7% in the U.K.
Registrations in the new EU Member States were down 5.6% with the Czech republic and Poland posting significant decreases, while Lithuania was the best performer.