The number of new passenger car registrations in the EU decreased by only 0.96% year-on-year in February 2019. This made it the sixth consecutive month to show a decline but there were also signs of recovery, the European Automotive Manufacturers Assn (ACEA) said on Friday March 15.
New car sales in Europe totaled 1,114,692 units in February 2019, compared with 1,125,472 vehicles sold in the corresponding month of 2018."The EU passenger car market contracted by 1% compared with one year ago, despite some major EU markets showing a slight recovery," ACEA said.After a five-month decline, demand for new cars increased modestly in Germany, France and the UK last month. In Spain and Italy, however, registrations continued to fall for the sixth...