Europe In November: Up 27 Percent, But Still Down For The Year

Picture courtesy ACEA.be

According to hot-off-the-presses data compiled by the European car manufacturers association ACEA, new car registrations in Europe rose by 26.6 percent in November 2009. This looks like a healthy pop, but caution is in order: November 2008 had suffered a drop of 25.8 percent. As mentioned before, comparisons with post-carmageddon results must be treated carefully. For the first 11 months of the year, Europe is still down by 2.8 percent, composed of -0.7 percent in Western Europe and -27.4 percent in the new EU Member States. All in all, normalcy is slowly coming back to Europe, with Western Europe having a newfound appetite for cars, while Eastern Europe is still hesitant when it comes to new wheels.

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