EU Economy
European car sales in May were at 20-year low
By Finfacts Team
Jun 18, 2013 - 3:45 PM

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European car sales in May fell to a 20-year low with double-digit plunges for the leading car producers in France and Italy.

The European Automakers' Association ((ACEA - - Association des Constructeurs Europeens d'Áutomobiles) said on Tuesday that passenger car sales in the EU in May dipped by 5.9% year-on-year to just above 1m units. That was the lowest level since May 1993 when new car registrations in Europe were below the 1m level.

Sales in Germany declined 9.9% for May compared to 2012; Italy new registrations dropped by 8%, Frances dipped 10.4% and Ireland was down 22.6%.

However, the UK market was positive with car sales up 11% in May, confirming a growth trend in previous months.

Among the big carmakers in Europe, Peugeot-Citroen of France had the biggest drop in sales, with new registrations going down by 13.3%, followed by Fiat's 11% drop.

Europe's biggest carmaker, Germany's Volkswagen, had a decline of 2.8%. Mercedes-Benz had slightly higher figures, while BMW saw its sales ease by 6.6% in May.

European carmakers had better fortunes elsewhere with an increase sales to China by 14.4%, while 8% more units were sold in US.

Tables of makes and country sales [pdf]

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