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17.07.2019 06:45

New car registrations in the European Union fell in June

According to the report from European Automobile Manufacturers’ Association, in June 2019, new car registrations in the European Union fell by 7.8% to 1,446,183 units, the worst monthly decline since December. France and Spain had falls of more than 8%, while German and U.K. sales fell 4.7% and 4.9% respectively.

To a large extent, this drop can be attributed to a negative calendar effect. On average, June only counted 19 working days across the EU this year, compared to roughly 21 days in 2018. As a result, the five major EU markets all posted declines, especially France (-8.4%) and Spain (-8.3%).

During the first half of 2019, demand for new passenger cars across the EU was down by 3.1% compared to the same period last year, counting 8.2 million registrations in total. With the exception of Germany (+0.5%), each of the big EU markets recorded a slight decline so far in 2019.

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