The number of new cars has dropped dramatically – analysts dislike forecasts

According to the consulting company, the number of new car registrations fell to 1.015 million euros in October. In October, the number of registrations was 1,094 million. Falling sales forced the company to reduce growth forecasts for the automotive industry in the region for this and other years.

The new WLTP began on September 1, which forced manufacturers of cars, such as Volkswagen and Renault, to stop delivering some car models.

"Although many cars stopped by WLTP in September, they were already on the market in October, it's clear that it will take some time before we see growth in sales," said David Oakley, an analyst at LMC Automotive.

LMC Automotive declined by 2018 to predict sales of cars from 14.5 to 14.41 million. cars. In 2019, according to the company's forecast, EUR 14.54 million will be sold. cars.

According to forecasts of representatives of LMC Automotive forecasts take into account the slowdown in the economic growth of some important markets.