On Tuesday, the European Auto Industry Association (ACEA) said that European car sales dropped in January due to the weak global economy, higher car taxes in several countries, and the uncertainty of Brexit.
In the EU, Britain and the European Free Trade Association (EFTA) countries, new car registration slumped by 7.4% to 1.135 million units last month.
France, Germany, and Spain posted a 13.4%, 7.3%, and 7.6% of the drop in car sales, respectively. Meanwhile, a higher car tax in Sweden dragged down sales by 18% and posting the biggest fall among EU countries. The figure followed a 109% increase in December.
Renault reported a 16.3% fall, Daimler slumped by 10.4%, and PSA Group marked a 12.9% drop. On the other hand, BMW was among the few auto manufacturers posting an increase in European sales by 5.2%.
