Tuesday, 19 October 2021

Demand for new cars drops sharply in European Union

Written by  Sep 19, 2021

Demand for new cars in the EU fell sharply in August, for the second month in a row, while in Croatia the spring recovery extended to the summer, data from the ACEA manufacturer's association showed on Thursday.

In August, only 622,993 new cars were registered in 26 EU countries (excluding Malta), 19.1 percent less than in the same month last year.

Leading European markets recorded double-digit declines in August, with the largest in Spain, where 28.9 percent fewer new cars were registered than in the same month last year.

A similar percentage drop was recorded in Italy, by 27.3 percent, and Germany is in the group with a drop in the number of registered new cars by 23 percent.

Croatia recorded the opposite trend, with 2,815 new cars registered in August, 8.3 percent more than in the same month last year. The number of registered cars rose for the sixth month in a row, after a 9.2 percent jump in July, according to the ACEA.

The Voice of Dubrovnik


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