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7/17/2019, 8:40 AM (Source: TeleTrader)
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EU car sales fall 7.8% in June

New car registrations in the European Union decreased by 7.8% in June year-on-year to 1.45 million, the European Automobile Manufacturers Association (ACEA) said on Wednesday. Sales in the EU plus figures from Iceland, Switzerland and Norway, fell by 7.9% to 1.49 million over the past year. The biggest drops in registrations were seen in Sweden and Austria where sales fell 52% and 14.4%, respectively, compared to June 2018. Sales in France decreased by 8.4% and Spain saw a decline of 8.3% in new registrations.

The negative sentiment was mostly attributed to a low number of working days in June, which had 19 working days in 2019 and 21 working days in 2018.

In the six-month period to June 30, new car registrations in the EU fell by 3.1% to 8.18 million, compared to the first half of last year.

Breaking the News / VP