UK is Europe's best-performing car market at start of 2013
By PRW Staff
Posted 19 February 2013
The UK proved to be the only bright spot in European car registration figures for the start of 2013, according to figures published today.
The European Automobile Manufacturers Association (EAMA) said passenger car registrations slid 8.7% in January compared with the same month a year ago, led by Italy, (down 17.6%), France (-15.1%), Spain (-9.6%) and Germany (-8.6%).
Of all the major European car markets only the UK posted growth in January, up 11.5% on the same period in 2012.
Germany remains the region’s largest car market in absolute terms with 192,090 registrations, with the UK second on 143,643 units.
New car registrations across Europe amounted to 885,159 units, the lowest figure recorded by EAMA since it began compiling figures 23 years ago; the continuing impact of the Eurozone crisis is still hampering efforts by manufacturers to boost sales.
Reuters news agency reported that Ford, which is cutting back its European production capacity with three plant closures to stem regional losses, recorded a 26% sales slump to 61,544 cars.
Peugeot and Toyota posted the next biggest declines among major automakers, dropping 16% each, it added.
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