In February 2019, the EU passenger car market decreased by 1.0% YoY, while the Croatian market observed a decrease of 7.7%.
According to ACEA’s recently published report, in February 2019, the EU passenger car market decreased by 1.0% YoY, despite some major EU markets showing a slight recovery. After a five‐month decline, demand for new cars increased modestly in Germany (+2.7%), France (+2.1%) and the United Kingdom (+1.4%) last month. However, Spain (‐8.8%) and Italy (‐2.4%) recorded car registrations decrease for the sixth consecutive month.
From January to February 2019, demand for new cars in the European Union fell by 2.9%
On the other hand, when observing the Renault Group, AD Plastik’s main contractor, their car registrations in February remained flat in February, while they observed a decrease of 0.4% in the first two months of 2019.
Turning our attention to the Croatian market, the number of registrations in February amounted to 3,559, which represents a decrease of 7.7% YoY. Meanwhile, from January to February, the Croatian market observed a decrease of 6%, amounting to 7,125.