New car registrations up 13.7% in September - ACEA
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The number of new car registrations increased by 13.7 percent y/y in September, according to European Automobile Manufacturers' Association ACEA. In the January-September period 355,461 new cars were registered in Poland, marking a 17.3 percent increase y/y. In the entire EU (excluding Malta) demand for new cars fell by 2 percent y/y in September, largely owing to a high base recorded in September 2016. Lithuania, Greece and Bulgaria saw the highest increases in new car registrations (45.7 percent, 29.4 percent and 18.4 percent respectively). Demand for new cars fell in key markets: the UK (-9.3 percent) and in Germany (-3.3 percent), “although the drop was partially offset by increases in the Italian and Spanish markets (8.1 percent and 4.6 percent respectively), the report stated.
