European carmakers’ association ACEA has published data that shows demand for new cars in the EU declined for the second month this year in May by 9.3%.
New car sales in the EU in May reached 1,129,508 units.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Germany recorded the biggest national decline with car sales in May down 35.1% on last year as the market slumped following the ending of a temporary scrappage subsidy.
ACEA said that the decline reflects the end to government support schemes and the ‘further challenging economic situation’.
For the first five months of the year, car sales were 1.9% ahead of the same period a year ago at 5,943,096 units.
ACEA’s data confirms data released earlier this month by JD Power and published by just-auto.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe data showed that Volkswagen Group led the EU car market in May with sales of 249,100 units – and a share of 22.1%.
Recall-hit Toyota Group sales were off 23.1% on last year to 43,790 units in May with sales in the first five months down 12.1% at 256,872 units.
