European Car Sales to Fall in 2019 on Brexit, Slow Demand
- ACEA revises forecast down to 1% drop in new car registrations
- Registrations fell 2% between January and the end of May
Photographer: Julian Stratenschulte/DPA/AFP via Getty Images
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European car sales are expected to drop this year due to uncertainty surrounding Brexit and a flattening of demand, according to a revised forecast by the region’s auto manufacturer’s lobby.
Passenger vehicle registrations are seen falling 1% compared with 2018, the ACEA said in a statement Thursday during its annual general meeting. The group had previously predicted 1% growth. Sales in Europe and the European Free Trade Association are down 2% for the first five months of the year.