New car sales fall in big five markets
New car registrations in Europe’s ‘ Big 5’ markets dropped by 2% in July, as market conditions halted the positive trend that had dominated over the previous 15 months. While Spain, Italy and the UK all posted modest growth in July, this could not fully compensate for declines in France and Germany.
Overall registrations for the month totalled 836,431 units, down from 853,701 in July 2015.
As Europe’s largest carmaker, the double-digit fall in VW Group’s monthly sales also had an impact.
The biggest decline was posted by France, with total registrations for July falling 9.6% compared to the same month last year, to 132,893 units. Sales in Germany, Europe’s largest market, fell 3.9%. Spain grew 4.4% and sales in Italy were up 2.6%.
Demand appeared to be cooling in the UK, which saw an increase of just 0.1%. as a result of exceptionally strong demand in 2015, and a continuing drop in private sales.