Car hauling services in Europe will be interested in the fact that new car registrations on the European continent decreased by 7.4 percent in April as compared to the same period of time in 2009, according to the ACEA. This apparently is the first decrease in new car registrations in the last ten months and according to many in the car transport industry can be linked to the markets benefiting from agencies replacing their fleets. This however appears to be over and the government has finished this phase, but tough economic condition still exists in the car shipping industry of Europe. The European Automobile Manufacturers’ Association also reported in their latest release that over the first four months of 2010 the market for new cars increased by almost 5 percent when compared to the same period in 2009, while going down almost 12 percent in comparison to the period from January to April 2008.
In April it was reported that 1,134,701 new cars were registered in the European Union, with Germany being the largest market at 259,414, and the rest of Europe following behind. New car registrations went down the most percentage wise in Bulgaria, with Germany, Italy, the Czech Republic, Poland and Austria right on Germany’s heels in the decline of new car registrations for the first part of 2010.
This means that in the first four months of 2010 Europe has registered a total of 4,809,647 new passenger cars, which is up almost 5 percent from the same time in 2009. The numbers indicate that the largest new car markets in Europe experienced an increase in the number of new car registrations during this time, which probably isn’t a surprise to vehicle shipping professionals.
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