By Claire West

According to the European Automobile Manufacturers Association (ACEA) the UK was the only major European market to see an increase in new car registrations.

From January to September of this year, the EU market shrank by 7.6%, compared to the first nine months of 2011.

In September, new passenger car registrations continued their downward trend, declining for the twelfth consecutive month.

Looking at the major markets, the British was the only one to expand, while Germany (-10.9%), France (-17.9%), Italy (-25.7%) and Spain (-36.8%) all faced a double-digit downturn.