The EU's passenger car market shrank 24% in January compared to the same month last year, the European Automobile Manufacturers' Association (ACEA) said Wednesday.
Automobile registrations across the 27-member bloc stood at 726,491 last month, marking the lowest January total on record, the ACEA said in a statement.
All 27 EU markets except France and Sweden suffered double-digit losses last month, including three of the four major ones: Spain was the hardest-hit (-51.5%), followed by Germany (-31.1%) and Italy (-14%).
France showed the best performance among major markets with a decline of 5.8% year-on-year in January.
Sweden was the sole country seeing an increase in new car registrations last month, up 22.5%.
Source: MAP
