EU new car market goes sideways again

Tuscany - Picture courtesy nationalgeographic.com

After showing signs of life in March and April, the EU new car market went back to going sideways in the month of May. Across the EU, registrations were up a paltry 1.3 percent to 1,109,893 units, Europe’s manufacturer association ACEA reports.

Important volume market France was down -3.5 percent, neighboring Germany was down -6.7 percent year-on-year. Spain was up 14.0 percent, Italy 10.8 percent, and the UK 2.4 percent. Five months into the year, new passenger car registrations increased +6.8 percent totaling 5,805,367 units.

Among the manufacturers, Volkswagen lost 2.3 percent in May, PSA is down 5.5 percent, GM’s Opel Group is down 5.2 percent.

Full tables can be found here.