In March 2019, the European passenger car market contracted by 3.9%, falling from 1,792,880 units the year before to 1,722,442 last month according to the latest official figures released by the European Automobile Manufacturers Association (ACEA).
In March 2019, the European passenger car market contracted by 3.9%, falling from 1,792,880 units the year before to 1,722,442 last month. Demand decreased in all major EU markets. Italy posted the highest percentage drop (-9.6%), followed by Spain (-4.3%), the UK (-3.4%), France (-2.3%) and Germany (-0.5%).
Three months into the year, demand for new cars in the European Union declined by 3.3%, totalling 4,032,881 units. In Germany, registrations remained almost flat (+0.2%), while the other key markets performed worse than in the first quarter of 2018 − most notably Spain (-6.9%) and Italy (-6.5%). In the UK, the new car market is marginally down -2.4% from last year.