EU Car Sales Returned to Growth in May
June 18 2019 - 2:29AM
Dow Jones News
By Max Bernhard
New car sales in the European Union edged higher in May, marking
the first increase following eight months of decline.
New car registrations, a reflection of sales, rose 0.1% in the
EU compared with a year earlier to 1.40 million vehicles, the
European Automobile Manufacturers' Association said Tuesday.
"Demand in the region was mainly driven by the Central European
countries, where registrations went up by 6.2% last month," the
association said. The EU's five largest markets showed a mixed
result. Spain, the UK and Italy posted lower figures, with
registrations down 7.3%, 4.6% and 1.2% respectively. However,
demand rose 9.1% in Germany and 1.2% in France.
Of the German car makers, Volkswagen AG (VOW.XE) was the only
one to post a decline in May, with sales down 2.1%, while demand
for BMW AG (BMW.XE) cars rose 8.8% and Daimler AG (DAI.XE)
registered 0.4% more vehicles.
Fiat Chrysler Automobiles NV (FCAU, FCA.MI) sales declined 8.1%,
while sales were down 4.4% for Ford Motor Co. (F). Peugeot SA
(UG.FR) saw demand rise 4.3%, while sales fell 3.7% for Renault SA
(RNO.FR).
In January to May, new car registrations across the EU fell 2.1%
to 6.7 million units in total. With the exception of Germany, the
five big EU markets all posted slight declines in the period, ACEA
said.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
June 18, 2019 02:14 ET (06:14 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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