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European Car Sales Plunge, Deepening Industry Woes

  • New car market last month declines 8.4%, industry body says
  • Sales have fallen in all but two months since September 2018
Audi vehicles ready for export at the port of Barcelona.
Audi vehicles ready for export at the port of Barcelona.Photographer: Angel Garcia/Bloomberg
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European car sales fell sharply in August, deepening the woes of an industry battling sluggish demand in key markets and the challenge of rolling out electric vehicles.

Registrations dropped 8.4%, the steepest monthly decline this year, according to the European Automobile Manufacturers Association. The fall was partly due to exceptionally high growth a year earlier as manufacturers rushed out models ahead of tough new emissions-testing rules. Volkswagen AG shares lost 0.4% in early trading in Frankfurt and BMW AG was 0.3% lower.