EU passenger car registrations down 7.4% year on year in Feb: ACEA

London — Passenger car registrations in the EU fell by 7.4% year on year in February to 957,052 units registered, the European auto manufacturers' association, ACEA, said Wednesday.

"This decline was the result of a combination of factors, including changes to vehicle taxation in various EU member states (which brought registrations forward to December 2019), weakening global economic conditions and consumer uncertainty," ACEA said.

Germany recorded the most significant drop (10.8%), followed by Italy (8.8%), Spain (6.0%) and France (2.7%).

For the first two months of the year, total registrations of new cars in the EU were 7.4% lower than in the same period of 2018.

Each of the four major EU markets faced falling demand: Germany (9.0%), France (7.8%), Italy (7.3%) and Spain (6.8%), ACEA said.

Year-on-year comparisons reflect the 27-member EU, with 2019 figures recalculated to exclude the UK.