The European car market in August fell due to a high base

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The European car market in August fell due to a high base

As reported by Ukrautoprom, in August 2019 the market of passenger cars in the EU decreased by 8.4%. This is mainly a result of the high comparison base, since in August of 2018 has seen an exceptional growth (+31,2%), ahead of the introduction of new test procedures for compliance with vehicle fuel efficiency standards and environmental WLTP from 1 September 2018.

As a result, in the reporting month on all five main EU markets there was a decline in sales, especially in Spain (-30,8%) and France (-14,1%).

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The largest national market in the EU is Germany, which last month was sold 313 748 new cars (down 0.8 percent).

The second place was occupied by France, which in August acquired 129 257 cars.

Leadership closes the top three UK with a score of 92 573 passenger cars sold (a fall of 1.6%).

As for European manufacturers, the first line has traditionally been VW Group, which within one month has sold in the EU 285 894 cars, while a fall of 7.7% compared to August.

In the second place PSA Group with a score of 149 453 cars sold, which is 5.1% lower than a year ago.

And the third result from the RENAULT Group 106 978 PCs (down 23.6 per cent).

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In the first eight months of the year 2019, the demand for new cars in the EU decreased by 3.2% compared to the same period last year – a total of 10.5 million registrations. This year, Germany has shown a modest positive result (+0,9%), in contrast to other major automotive markets of the EU, where there was a drop in demand.

As you see, the main reason for this trend is …

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