- Analytics
- News and Tools
- Market News
- ACEA slashes 2019 car sales forecast
ACEA slashes 2019 car sales forecast
European Automobile Manufacturers’ Association (ACEA) on Thursday revised its forecast for 2019 passenger car registrations downwards to -1%.
ACEA’s initial forecast, published earlier this year, was for growth of up to 1% compared to 2018. The association now expects a slightly negative result for the full year 2019, with total EU car sales projected to be just above 15 million units at the end of this year.
“Aside from the uncertainty due to Brexit and changing macroeconomic conditions, this represents a natural stabilisation of the market,” said ACEA Secretary General, Erik Jonnaert. “Indeed, the pace of growth has been slowing down in recent years.” This is also in line with the European Commission’s downward revision for projected EU GDP growth, as car sales strongly mirror economic growth.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
