New-car registrations in western Europe drop 9.5% in January 2013

Article by Anita Panait, on February 15, 2013

New-car registrations in western Europe suffered a 9.5-percent year-on-year drop to 851,547 units in January 2013, providing a glimpse of what to expect for the full year, according to market forecaster LMC Automotive. LMC remarked that challenges for the auto industry in western Europe remain significant, adding that the seasonally adjusted annualized rate [SAAR] based on January 2013 figures was at 10.5 million, signifying a 10.3-percent drop over 2012.

LMC noted that while some of the decline in demand could be attributed to bad weather and strikes, the monthly annualized rate for January was the worst since 1987. Car sales slid in all of the major regional markets in Europe in January, except in the UK where registrations surged by 11.5 percent.

The UK auto industry body SMMT forecasted last week that they expect the auto market in the country to soar to 2.06 million in 2013 from 2.04 million in 2012. Auto sales in January 2013 dropped 8.6 percent in Germany; around 15 percent in France; 17.6 percent in Italy; and about 8.6 percent in Spain. According to LMC, full year sales in Europe will drop 4.1 percent in 2013 to 11.27 million units, marking the sixth straight year of decline in the region.

Topics: europe

If you liked the article, share on:

Comments

Recommended

BMW has given the 2018 1-Series a facelift, and they have just released a ton of new photos and a couple of videos to show us what it’s got. Nevertheless,...
by - July 24, 2017
When Chevrolet came out with the 2018 Equinox last September, the facelifted model was offered in a diesel option for the first time, plus it weighed much less at 400...
by - July 23, 2017
If you are a huge fan of the hardcore GTS version, you probably know that the closest you could get to that model is the upgraded model of the M4...
by - July 23, 2017
Audi’s intention to bring out the Renn Sport Racing version of the Q5 was made clear when it unveiled the Audi SQ5 at the 2017 Detroit Motor Show early this...
by - July 22, 2017
Kia’s Sorento midsize sports utility vehicle is reaching its mid-cycle for the 2018 model year. Thus, its fans, enthusiasts and satisfied customers are expecting the Sorento to receive an update...
by - July 22, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries