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Car sales declining

CAR sales in Slovakia saw a 28.7-percent year-on-year drop in August, with 4,243 new passenger cars registered that month, according to data of the Slovak Automotive Industry Association (ZAP).

CAR sales in Slovakia saw a 28.7-percent year-on-year drop in August, with 4,243 new passenger cars registered that month, according to data of the Slovak Automotive Industry Association (ZAP).

“This situation reflects the general European trend of the decline of the car market,” Pavol Prepiak from ZAP announced on September 11, as cited by the SITA newswire, adding that August sales declined to the level of the winter months.

ZAP described August’s car registration results as that month's worst in the last 10 years.
During the January-August period, new passenger car registrations decreased by 9.7 percent year-on-year to 41,996 units.

The situation in Europe is not rosy either. After a 5-percent increase in July, new passenger car registrations in August declined by 5 percent year-on-year in the European Union. The month of July benefited from an additional work day across the EU, while August had one less, the European Automobile Manufacturers (ACEA) announced on September 17.

In August, the downturn was felt across most significant markets.

The UK was the only major market to expand (10.9 percent), while the German contracted by 5.5 percent, the Italian by 6.6 percent, the French by 10.5 percent and the Spanish by 18.3 percent. Car registrations in the EU (except Malta) totalled 653,872 in the month of August.

Eight months into the year, demand for new cars amounted to 7,841,596 units, or 5.2 percent less than in the same period last year, according to ACEA.

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Theme: Industry


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