EU car registrations down nearly 7 percent on year

ERJ staff report (BC)

Brussels – According to the European Automobile Manufacturers Association (ACEA), year-on-year May demand for new passenger cars in the EU declined by 5.9 percent to just over 1 million – the lowest level recorded for a month of May since 1993, says the Association.

Five months into the year, just under 5.1 million new cars were registered in the region – 6.8 percent less than in the first five

months of 2012. In May, most major markets faced a year-on downturn, ranging from -2.6…

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