January car sales in the EU down for fifth consecutive month

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In January, the number of registered new cars in the European Union amounted to 1 million 196 thousand units, which is 4.6% less than in January 2018. The message of the European Automobile Manufacturers' Association (ACEA) states that sales in the EU market had been declining for the past 5 months, due to changes introduced on September 1 in the standards for determining fuel consumption for cars. The September drop in sales was a record 23.5%. In January of this year, a decrease in demand was observed in most countries of the European Union. At the same time, the largest decline was noted in Spain - by 8%, and in Italy - by 7.5%. Countries such as Denmark, Greece, Hungary and others showed the growth of car sales. The most significant increase in the indicator by 49% was reported by Lithuania.

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