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In October 2017, demand for passenger cars in the EU returned to growth after September’s decline. Registrations of new cars totalled 1,169,672 units in October, 5.9% more than the same period last year, official figures from European Automobile Manufacturers’ Association (ACEA) showed.
In October 2017, EU demand for passenger cars returned to growth after September’s decline. Registrations of new cars totalled 1,169,672 units, or 5.9% higher than in October last year. Nearly all major EU markets performed well, especially Spain (+13.7%), France (+13.7%) and Italy (+7.1%). The UK, however, saw new car registrations fall by 12.2% in October. Demand for passenger cars in the new EU member states grew by 20.1% last month, making a significant contribution to the solid performance of the EU market.
From January to October 2017, passenger car registrations across the European Union increased by 3.9%, totalling more than 12.8 million new vehicles registered. Among the five big markets, Italy (+8.9%) and Spain (+7.3%) posted the highest percentage gains, followed by France (+4.8%) and Germany (+2.3%). On the other hand, UK demand for cars decreased by 4.6% so far in 2017.