However as the various European scrappage incentives draw to a close many are forecasting a drop of around 10 percent in the European car market for the full year.
January sales of new passenger cars rose 12.9 percent to 1,058,868 units in the EU member states, which also had one less working day than in 2009 when car sales in January 2009 in the European Union were down 17.3 percent compared with January 2008.
It wasn’t a level playing field however as although the EU15 states – otherwise known as Western Europe – saw a 15.7 percent increase in sales, the EU10 – the new European member states – saw a 23.5 percent fall in registrations in January.
January 2010 was the first month in which ACEA published data for the EU15 and the EU10 countries separately, along with a total for the EU member states plus EFTA countries.
ACEA said car sales in the European Union, plus the EFTA countries, rose 13 percent. Data for Cyprus and Malta however was not available.
Germany, Europe’s largest car market whose highly successful scrapping scheme finished at the start of September, saw sales fall 4.3 percent in January, ACEA said.
Source: Automotive News
- BMW sales up 16.6 percent in January (motor-trade-insider.com)
- PSA/Peugeot Citroen made more than a billion euro loss in 2009 (motor-trade-insider.com)