ACEA: New car registrations drop 6.9% during April
In April, markets across the EU performed diversely, leading to an overall 6.9% decline in new car registrations. The UK (+3.3%) and Germany (+2.9%) were the only major markets to post growth, while France contracted by 1.9%. Italy (-18.0%) and Spain (-21.7%) recorded double-digit downturns.
From January to April, Germany (+1.8%) and the UK (+1.4%) sustained demand in the region while the rest of the major markets faced contractions ranging from -7.0% in Spain to -17.5% in France and -20.2% in Italy.