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EU Passenger Car Sales off -2.1% Through May 2019
The EU automotive economy remains fragile and subject to disruption with BREXIT, Trump tariffs and Iranian war threats.
During May 2019, the EU passenger car market remained flat (+0.1%) after eight consecutive months of decline. Demand in the region was mainly from Central European countries, where registrations went up by 6.2% last month.
However, the five major Western European markets posted mixed results: with demand in Spain (-7.3%), the United Kingdom (-4.6%) and Italy (-1.2%) slowing down but growing in Germany (+9.1%) and France (+1.2%).
Click to Enlarge.
From January to May 2019, new car registrations across the European Union fell by 2.1% compared to last year at 6.7 million units in total. Except for Germany, the five big EU markets all posted slight declines so far this year.
About Kenneth Zino
Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.