6/28/2019

ACEA Cuts European Sales Outlook to 1% Decline

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ACEA, Europe’s automotive trade group, says it now expects that sales of passenger vehicles within the European Union will dip 1% to about 15 million units in 2019.

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ACEA, Europe’s automotive trade group, says it now expects that sales of passenger vehicles within the European Union will dip 1% to about 15 million units in 2019.

The group previously forecast this year’s market would advance 1%. Growth in car sales across Europe has been slowing from 9% in 2015 to 3% in 2017. Last year, new-car registrations in the region dipped by 6,000 units.

ACEA reports that retail deliveries of passenger vehicles through the first five months of 2019 declined 2% to 6.94 million vehicles across Europe.

Separately, ACEA cites major challenges to the industry in meeting European Union targets for zero- and low-emission vehicles in 2025 and 2030. The group asserts the goals “simply cannot be met” unless EU member states hike investment in the infrastructure needed to support electric and alternate-fuel vehicles.