A dip in new car sales was witnessed across Europe in July, new data from JATO Dynamics has revealed.
According to the organisation's monthly update of new car registrations across the continent, a two per cent fall in vehicle purchases was recorded across Europe's Big Five markets last month, while the region as a whole saw an annual downturn in sales of 9.6 per cent.
Figures for Spain, Italy and the UK all showed marginal gains for the month, but significant reductions in both France and Germany pulled down the overall figure. A total of 836,431 units were sold during July this year among these nations, falling from 853,701 units in July 2015.
It marks major losses for Europe's most prolific car maker, Volkswagen, with the manufacturer registering a double-digit fall in monthly sales in comparison to the same time last year.
It was not all negative news for European car makers though, as the region's SUV market continues to go from strength to strength. SUV sales rose by 12.5 per cent in July this year and now make up more than one-quarter of all European new vehicle registrations.
Responding to this latest data, Felipe Munoz, global automotive analyst at JATO Dynamics, commented: "Traditionally there is a drop in demand ahead of summer, but it is clear that Europe has started to feel the effect of Volkswagen's emissions issue.
"Despite the slowdown in the market, the demand for SUVs is increasing and is expected to keep growing, especially with new models being unveiled in the upcoming months."
Posted on 11th August 2016
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