The research reveals the European car market outlook 

 The car market in Europe shows weak positions despite October’s jump

The car market

The research reveals the European car market outlook. Source: uber.com

According to the ACEA research, in October 2019, the EU passenger car market grew by 8.7% to reach 1,177,746 units registered. It tends to be the highest October total on record since 2009. In comparison, during October 2018, registrations fell by 7.3% after the WLTP test came into effect.

Nearly all EU countries posted increases in October, except for Cyprus and the United Kingdom. 4 out of 5 major EU markets noted strong gains, Germany (+12.7%), France (+8.7%), Italy (+6.7%), and Spain (+6.3%), while car sales contracted in the UK (‐6.7%).

According to the data, from January to October, new-car registrations were down 0.7% compared to the first 10 months of 2018. Despite the demand increased across the EU in September and October, Germany (+3.4%) remained the only major European market to record growth so far in 2019. On the contrary, Spain (-6.3%) and the United Kingdom (-2.9%) saw the strongest declines 10 months into the year, while the Italian (-0.8%) and French (-0.3%) markets have almost recovered to 2018 volumes.

The GlobalData specialist said commented the issue:

The real picture focuses around new car demand in Europe hitting a ceiling this year, with market growth staying flat on 2018’s level. Moreover, there are a number of headwinds at work for the region, which will make it likely that the market in 2020 will be flat or show a decline
David Leggett, Automotive Editor at GlobalData

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