Europe Passenger Car Sales Log Double-Digit Decline: ACEA
Europe's passenger car sales logged a double-digit decline in August, data from the European Automobile Manufacturers Association, or ACEA, showed Thursday.
Car registrations decreased 18.9 percent year-on-year, following a 5.7 percent drop in July.
Among 27 member states, only Cyprus reported an annual growth of 14.1 percent in August. All other countries in the region recorded losses despite easing of the coronavirus containment measures.
Italy's car sales were down marginally by 0.4 percent, while Germany and France posted bigger falls of 20 percent and 19.8 percent, respectively. Sales in Spain slid 10.1 percent.
According to ACEA, the UK car sales were down 5.8 percent annually in August.
During January to August, EU demand for passenger cars contracted by 32.0 percent from last year. About 6.12 million new cars were registered across the European Union during the period, almost 2.9 million less than during the same period last year.
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.