European New Car Registrations Record First Increase In Eight Months
The European new car market saw its first growth in eight months in May, albeit by an extremely small margin. In May, new car registrations in the EU recorded a 0.1% increase over the same period in 2018, according to figures released by the European Automobile Manufacturers Association (ACEA).
Sales of new cars in the EU have been in decline since the introduction of WLTP in September 2018, which caused a spike in registration the previous month. The slight increase follows a 0.4% drop in April, suggesting the effect of WLTP, which saw deliveries of many new models to dealerships delayed, may finally be at an end and the market returning to stability.
Five major western European markets delivered mixed results, with Italy posting a 1.2% decline and the UK suffering a drop of 4.6%. Spain recorded the worst performance of the big markets, with sales down 7.3%. France on the other hand saw a 1.2% rise in registrations, while Germany performed best of the big five, with a 9.1% increase.
Central European countries were able to bolster sales in May, aiding the 0.1% increase. Of these, Poland led the way with an extra 4,740 new cars registered compared to May 2018, equating to a rise of 11.2%.