European New Car Registrations Surge In November: ACEA

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European new car registrations increased by an annual 26.6% in November compared to a fall of 25.8% in the same period of last year, the European Automobile Manufactures' Association reported Tuesday. Registration in Western Europe climbed 30.6%, while the new EU member states reported an annual 16.7% decline, reflecting the impact of fleet renewal schemes in a number of main Western European markets.

From January to November, the market for new cars shrunk 2.8%, composed of a 0.7% fall in Western Europe and around 27.4% decline in the new EU member states. In the new EU member, nearly 778,063 new cars were registered.

European new car registrations increased by an annual 26.6% in November compared to a fall of 25.8% in the same period of last year, the European Automobile Manufactures' Association reported Tuesday. (Market News Provided by RTTNews)