Markets News Friday: European car sales fell 1.6% in 2009 - - Germany up 23%; Ireland down 62%; Shares rise in Europe and Asia; Oil price falls
Jan 15th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Following a marked decline in the second half of 2008 and the first half of 2009, European new car registrations picked up in the second half of last year, largely due to the impact of car scrappage schemes in a number of major markets, according to the Association of European Automobile Manufacturers/ des Constructeurs Européens d'Automobiles (ACEA), based in Brussels. In total, 14,481,545 new cars were registered in 2009; 1.6% less than in 2008 and 9.5% less than in 2007. In December 2009, demand for new cars rose by 16.0%, amounting to 1,074,438 units compared to the same month in 2008.