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- Europe passenger car sales increase for third month
Europe passenger car sales increase for third month
Data from the European Automobile Manufacturers' Association (ACEA) showed that in November EU demand for new passenger cars increased by 4.9%, marking the third consecutive month of growth this year. To a large extent this is the result of a low base of comparison, because in November 2018 registrations went down 8.0%. With the exception of the United Kingdom (-1.3%) all major European markets posted growth last month: Germany (+9.7 %), Spain (+2.3%), Italy (+2.2%) and France (+0.7%).
Eleven months into the year, new car registrations across the European Union were almost back at levels from one year ago (-0.3%), thanks to the strong results of the last three months. Nevertheless, four of the five major EU markets declined from January to November, most notably Spain (-5.7%) and the United Kingdom (-2.7%). Germany (+3.9%) remains the only big market that recorded growth so far in 2019.
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