Home Economy Europe Car Sales Rise Marginally In May

Europe Car Sales Rise Marginally In May

by RTTNews Staff Writer

Europe’s passenger car sales rose marginally in May after falling for eight consecutive months, data from the European Automobile Manufacturers Association, or ACEA, showed Tuesday.

EU car registrations gained 0.1 percent year-on-year in May, reversing a 0.4 percent fall in April.

Spain’s car sales declined 7.3 percent and by 4.6 percent in the UK. Italy’s car sales decreased moderately by 1.2 percent. On the other hand, Germany’s sales grew 9.1 percent and sales in France advanced 1.2 percent.

During January to May, car registrations across the European Union fell 2.1 percent from last year to 6.7 million units. All five big EU markets, except Germany, showed slight declines so far this year.

For comments and feedback contact: editorial@rttnews.com

Economic News

What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.

Source link

Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy