EU New Car Registrations Fell to 26-Year Low in June
15 July 2022 - 4:29PM
Dow Jones News
By Pierre Bertrand
New car registrations in the European Union fell in June as
supply-chain issues continued to hold back vehicle production,
according to data published Friday by the European Automobile
Manufacturers' Association, the ACEA.
Across the EU, new car registrations--a reflection of
sales--fell 15% for the month of June to 886,510 cars. This
represents, in terms of volume, the lowest June figure on record
since 1996, the ACEA said.
Registrations in all four of the bloc's main markets shrank
during the month. Registrations in Germany fell by 18%, while in
Italy they fell 15%, and in France by 14%. Spain reported a more
modest decline of 7.8%, the ACEA said.
Volkswagen AG and Stellantis NV, owner of Peugeot and Fiat,
recorded steep registration declines, while registrations for
Renault SA were largely flat. Mercedes-Benz Group AG was one of the
few outliers, reporting a 4.2% increase in registrations for the
month.
So far this year, new car registrations fell 14% to 4.6 million
vehicles, compared with the first six months of 2021.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
July 15, 2022 02:14 ET (06:14 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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