EU Economy
European car sales dipped in August to a new record low since 1990
By Finfacts Team
Sep 17, 2013 - 11:11 AM

Printer-friendly page from Finfacts Ireland Business News - Click for the News Main Page - A service of the Finfacts Ireland Business and Finance Portal

New car registrations in the 28-member European Union in August fell 5%  from the same month a year ago, the European Automobile Manufacturers' Association (ACEA - - Association des Constructeurs Europeens d'Áutomobiles) said Tuesday. The sales year-to-date, were at a new record low since the series began in 1990.

After a 5.0% increase in July, eight months into the year, demand for new cars amounted to 7,841,596 units, or 5.2% less than in the same period last year.

In July, Italy was the only major market to shrink (-1.6%), while growth reached +0.9% in France, +2.1% in Germany, +12.7% in the UK and +14.9% in Spain. In total, 982,544 new cars were registered in the EU, or 5.0% more than in July 2012.

In August, downturn prevailed across significant markets, resulting in an overall 5.0% decline in the EU. The UK was the only major market to expand (+10.9%), while the German contracted by 5.5%, the Italian by 6.6%, the French by 10.5% and the Spanish by 18.3%. The EU* totaled 653,872 new car registrations in the month of August.

From January to August, most major markets faced a downturn ranging from -3.6% in Spain to -6.6% in Germany, -9.0% in Italy and -9.8% in France. The UK was the only one to perform better than in the first eight months of 2012 (+10.44%). New registrations fell by 5.2% over the period this year, totaling 7,841,596 units, representing the lowest January to August level ever recorded**.

Germany's Volkswagen group was saw sales dip 11.2% in August, while France's PSA Peugeot Citroen slid 17.3%. Ford sales were down 1.5%, and General Motors' European subsidiary Opel dropped 3.4%.

Luxury car makers however, did better this year than last year, with Daimler, maker of Mercedes, selling 8.9% more cars and BMW rising 9.5%.

* EU27, data for Malta unavailable
** since the beginning of the series in 1990

Tables of brand and country sales [pdf]

Check out our subscription service, Finfacts Premium , at a low annual charge of €25


© Copyright 2011 by Finfacts.com