Monday, July 21, 2008
New car sales fall behind 2007 levels
Sales lag 2 per cent behind at halfway point
European new car registrations slumped 7.9 per cent last month year-on-year, according to Acea.
The fall was in stark contrast to sales in April, which rose 9.6 per cent year-on-year.
The market has taken a downturn since May, however when sales dropped 7.8 per cent.
Over the first half of the year sales were down 2 per cent on the same period in 2007.“Rising inflation and soaring fuel prices were among the main factors influencing new registrations,” said Acea.
In the big five markets France and Germany bucked the trend in June, rising by 1.5 per cent and 1 per cent, respectively.
The UK, however, was down 6.1 per cent, while Italy and Spain endured eye watering slumps of 19.5 per cent and 30.8 per cent respectively.
Across Europe, 1,427,008 new cars were registered in June.
DATED: 21.07.08
FEED: MT
European new car registrations slumped 7.9 per cent last month year-on-year, according to Acea.
The fall was in stark contrast to sales in April, which rose 9.6 per cent year-on-year.
The market has taken a downturn since May, however when sales dropped 7.8 per cent.
Over the first half of the year sales were down 2 per cent on the same period in 2007.“Rising inflation and soaring fuel prices were among the main factors influencing new registrations,” said Acea.
In the big five markets France and Germany bucked the trend in June, rising by 1.5 per cent and 1 per cent, respectively.
The UK, however, was down 6.1 per cent, while Italy and Spain endured eye watering slumps of 19.5 per cent and 30.8 per cent respectively.
Across Europe, 1,427,008 new cars were registered in June.
DATED: 21.07.08
FEED: MT
