ACEA shows 2012 car registrations 8.2% down
ACEA – the European Automobile Manufacturers' Association – has revealed 2012 new car registrations declined by 8.2 per cent in the EU (excluding Malta), continuing the downward trend commenced fifteen months ago. Worse still was the 16.3 per cent reduction in December registrations versus December 2011 – the steepest decline recorded in December since 2008, though this decline can partially be blamed on having on average two fewer working days in the region than in the same month in 2011. The UK was the only major market to post growth in the month, which was also reflected across the whole year.