EU new car sales stall in August after promising signs of recovery in July

By IM Staff
Published: Monday, 21 September 2020

Sales of passenger cars in Europe slumped again in August after brief signs of a revival in July, according to the latest data from the European Automotive Manufacturers Association (ACEA).

By Maria Tanatar 

In July, there were signs of a pick-up in demand with only a relatively small overall decline of 5.66% year on year following six consecutive months of double-digit decline.

In August, however, the trend turned to negative again and demand for cars fell by 18.91%...

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