During January 2019, the European passenger car market saw a slow start to the year, posting a -4.6% decline compared to one year ago. This makes for six straight months of decline before the impending Brexit disaster takes hold.
Demand for new cars fell across almost the entire European Union, including the EU’s five major markets. Spain and Italy posted the strongest declines (down 8.0% and 7.5% respectively), while percentage drops were more modest in the United Kingdom (‐1.6%), Germany (‐1.4%) and France (‐1.1%).
Nevertheless, with nearly 1.2 million units registered in total, this still represents the second‐highest January volume on record since 2009, a dubious distinction.