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Car sales slow in Europe, stabilise in Croatia in May

Author: spez
BRUSSELS/ZAGREB, June 16 (Hina) - Passenger car sales have slowed down considerably in May in Europe mostly due to a drop on the German market while sales in Croatia stabilised after a sharp drop in the preceding month, the latest data released by The European Automobile Manufacturers’ Association (ACEA) on Tuesday show.

In 27 European Union members states (figures for Malta were not available) a total of 1.1 million new passenger cars were registered last month, up 1.3% on the year, ACEA figures show.

This is the lowest growth rate since September 2013 when the upturn in the market began. In April sales had grown by 6.7%.

Looking at the major markets Spain and Italy once again recorded double-digit figures in growth in May, 14.0% and 10.8% respectively. The growth rate in in Britain was significantly lower at 2.4%.

The greatest downturn was evident on the largest European markets, Germany, where 6.7% fewer cars were sold on the year and in France sales contracted by 3.5%.

Demand for new passenger cars was largely supported by the EU’s newer member states (EU12), especially Poland (+11.0%) and the Czech Republic (+17.6%), ACEA reports.

According to ACEA, there were 4,911 new passenger cars registered in Croatia in May which is 1.7% more on the year, which means that the market in Croatia has stabilised after the 19.3% plunge in car sales in April.

Five months into the year 5.8 million new cars were sold in 27 EU member states (without Malta) up 6.8% y-on-y.

Croatia's figures show that there were 16,682 new passenger cars registered in the first five months of the year, indicating a stagnation in car sales on the year.

(Hina) sp

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