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EU approvals in November 2010: downward trend is slowing

EU approvals in November 2010
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From January to November the association recorded a minus of 5.7 Percent to 12.35 million vehicles.

According to ACEA, many important markets once again suffered declines in the double-digit percentage range in November. Spain was one of the worst hit countries, where new registrations fell by 25.5 percent to 64,515 cars. In Italy the decrease was 21.1 percent (145,198 new registrations), while in Great Britain 11.5 percent (139,875 new registrations) fewer vehicles were registered. With minus 6.2 percent (262,262 new registrations), Germany did not do quite as poorly, while in France the decrease was 10.8 percent (193,913 new registrations).

VW remains market leader

Market leader Volkswagen (VW) recorded a decline of 5.9 percent across the group in November compared to the previous year due to the weaker demand for cars from the core brand VW Pkw. At the BMW Group, however, new registrations rose by double digits. With this, the Munich-based company expanded its market share by more than one percentage point to six percent and led the ranking of so-called premium providers in Europe. Daimler achieved a small increase in registrations of 2.2 percent in Europe. The Ingolstadt VW subsidiary Audi also recorded a slight increase of 2.5 percent.

On the other hand, manufacturers who are mainly strong in small and compact cars and who, like Volkswagen, benefited from the European scrapping programs last year, are struggling . Fiat, PSA Peugeot Citro├źn, Renault and Ford suffered double-digit declines in November, as did Toyota. The GM subsidiary Opel developed better: together with the British sister brand Vauxhall, new registrations increased by 5.8 percent.

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