| 1 MINUTE READ

ACEA Cuts European Sales Outlook to 1% Decline

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.
#europe

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.

Related Topics

RELATED CONTENT

  • VW to Train Young Engineers to Help It Launch Future EVs

    Volkswagen AG is launching a global manufacturing training program for young engineers to prepare for the wave of electrified vehicles the company plans to launch in coming years. 

  • Robots in the Auto Industry

    When it comes to the deployment of robots, the auto industry is the hands-down leader. Or maybe that should be “gripper down”

  • On the Changes at Ford

    A quick word on the promotion of Jim Hackett to the position of president and CEO of the Ford Motor Company, who is replacing Mark Fields, less than a week after the company announced that it would be reducing its white collar headcount in North America and the Asia-Pacific region, presumably a move that Fields made to show unhappy Ford stockholders, who had seen their stock trading at $17.72 on July 18, 2014, literally 17 days after Fields took over, and not that high since.