Friday, July 15, 2011

European Car Registrations Drop 8.1% in June amidst Economic Crisis

The latest figures form ACEA, the Brussels-based European carmakers’ lobby, show that the economic recession in Europe has taken its toll on automobile sales.
In June, new passenger car registrations dropped by a significant 8.1% across the EU, amounting to 1,233,298 units. According ACEA, contractions ranged from -0.3% in Germany to -1.7% in Italy, -6.2% in the UK, -12.6% in France, -31.4% in Spain and -34.1% in debt-ridden Greece and Portugal.

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