EU automotive market nears pre-crisis levels

Brussels – Passenger car registrations across the EU approached pre-financial crash levels, having increased 7.6% in May to 1,386,818 units, the European Automobile Manufacturers Association (ACEA) has reported.

In volume terms, the result comes close to May 2007 levels, just before the economic crisis hit the automotive industry, the Brussels-based association said.

Gains were noted in all main markets last month, with the exception of the UK, according to the ACEA’s 16 June press release.

The highest percentage gains were noted in Germany (+12.9%) and Spain (+11.2%), followed…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with