European demand for new cars fell slightly in January-May 2008; Ireland heads declines at 15.5%; Irish car sales down 50.7% in May
Jun 13th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
European demand for new cars decreased in May compared to the same month of last year (-7.8%). This result was affected by one working day less across the whole region, as well as by a massive increase in fuel prices, according to data from the European Automobile Manufacturers' Association. Calculated over five months the market remained stable (-0.7%). In total, 1,334,081 new passenger cars were registered in Europe in May.