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Europe Car Sales Decline in May to Fall for Almost A Year

  • Registrations declined 12.5% in May, VW posts biggest drop
  • Record inflation, slowing growth cloud outlook for industry
Volkswagen saw sales drop by more than 21% from the same month last year.
Volkswagen saw sales drop by more than 21% from the same month last year.Photographer: Liesa Johannssen-Koppitz/Bloomberg
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Europe’s new-vehicle sales slumped for an 11th consecutive month as record inflation and falling consumer confidence joined prolonged supply-chain disruptions.

Registrations fell 12.5% to 948,149 vehicles in May, the European Automobile Manufacturers’ Association said Thursday. Hardest-hit among major automakers was Volkswagen AG, which saw sales drop by more than 21% from the same month last year.