New Car Market Begins to Pick Up
The market for new passenger cars in Europe (EU27 and EFTA markets) displayed a modest increase of 2.4 per cent to 1,461,859 units in June on the back of scrappage incentive schemes in operation in more than ten EU Member States. June’s figures represent the first market increase in 14 months. Accumulative figures for the first half of 2009 show an 11 per cent drop in European new car registrations compared to the same period in 2008, with a total of 7,425,762 new cars registered compared to 8,346,828 the year before.