ERJ staff report (DS)
Brussels -- After declining by 7.8 percent in July, new passenger car registrations were down by 8.9 percent in August, according to nrw data from ACEA, the federation of European vehicle manufacturers. Eight months into the year, the downturn reached 7.1 percent as the EU* registered 8,268,642 new cars.
July results were negative across countries, except in the UK where the market expanded by 9.3 percent, totaling 143,884 new registrations. Elsewhere, the downturn ranged from -5.0 percent in Germany to -0.7 percent in France, -17.2 percent in Spain and -21.0 percent in Italy. A total of 935,368 new registrations was recorded in the EU*, or 7.8 percent less than in the same month a year earlier.
In August, EU* markets performed diversely. Germany saw its demand contract by 4.7 percent, while France (-11.4 percent) and Italy (-20.2 percent) faced double-digit downturns. The Spanish (+3.4 percent) expanded and the British remained stable.
From January to August, the UK was the only market to post growth (+3.3 percent), while Germany slipped by 0.6 percent and Spain (-8.5 percent), France (-13.4 percent) and Italy (-19.9 percent) recorded negative figures.
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Press release from ACEA