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European car sales ‘fall for 12 months in row’

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New car sales in the European Union have fallen for the 12th month in a row in September, according to the region’s biggest carmakers.

Demand across the 27 European Union countries fell 10.8% from last year.

But of the major markets, the UK was the only one to grow, up 8.2% from the same month last year, said the European Automobile Manufacturers Association.

Carmakers had 1.1 million new EU registrations last month – with 9.4 million cars sold this year so far.

In September, the major car markets in the eurozone – which is weighed down by recession, spending cuts and high unemployment – fell sharply.

Germany – the largest economy in Europe and one of the biggest car manufacturers in the world – saw its car sales drop 10.9%. France fell by 17.9%, Italy fell by 25.7% and Spain declined by 36.8% from September 2011.

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Posted by on October 16, 2012. Filed under Europe. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.