Europe Car Registrations Increase Sharply N August
European new car registrations increased significantly in August, after two successive months of declines, despite the intensified debt crisis and fiscal squeeze across the region.
Car registrations rose 7.7 percent year-on-year in August following a 2 percent decline in July, the European Automobile Manufacturers' Association (ACEA) said Friday. In June, registrations fell 8.1 percent.
During the January to August period, a total of 8.9 million new cars were registered, down 1.3 percent from the same period last year.
In August, new EU registrations totaled 753,709. New car sales in Germany climbed 18.3 percent annually, while sales in the UK rose 7.3 percent. Spain saw 5.9 percent more registrations than last year, while French market reported 3.1 percent rise in sales. Italian new car registrations rose 1.5 annually.
In July, only Germany posted growth, up 9.9 percent from last year. Car registrations fell 10.3 percent in Italy, 5.7 percent in France 4 percent in Spain and 3.5 percent in the U.K.
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