By Giulia Petroni
Passenger-car registrations in the European Union dropped in January after tax changes in some member states prompted consumers to move their purchases forward to December, the European Automobile Manufacturers Association, also known as ACEA, said Tuesday.
New car registrations--a reflection of sales--fell 7.5% on the year in January across the EU to 956,779 vehicles, according to the association. The data now excludes the U.K., which is no longer part of the EU.
"Major taxation changes announced by some EU member states for 2020 pulled registrations forward into December 2019, explaining this January drop," the ACEA said.
In December 2019, sales rose more than 20%, the association said last month.
The decrease was also attributed to a weaker global economic outlook and uncertainties caused by Brexit, ACEA said.
Among the major EU markets, France and Germany recorded lower demand, with registrations down 13% and 7.3%, respectively. Registrations in Spain fell 7.6%, while those in Italy slid 5.9%.
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