European automotive sector

The car sector is key in Europe: stimulates the rest of the sectors of the economy

Sales Of The European Automotive Sector To Fall By At Least 20% For The Rest Of The Year

Santander Corporate & Investment | New car registrations in Europe (EU+UK+ European Free Trade Association) plummeted 17.6% annually in August to 884,394 vehicles. Thus it broke the three-month period of smooth declines, including a 3.7% drop in July. In total, 7.267,621 new cars were registered in the European Union between January and August, almost 3.6 million less than in the same period last year. The outlook for the sector for the rest of the year is not encouraging.