Economic Buzz: European car market shows signs of recovery as sales see 1.3% annual rise in April

Europe new car registrations dropped in the four months to April as uncertainty over the trade tariffs weighed on demand, data released by the European Automobile Manufacturers' Association, or ACEA, stated today. New car sales dipped 1.2% in the year-to-date period compared to the previous year. Among major economies, Spain saw a robust sales growth of 12.2% in the January to April period. Car sales in Germany decreased 3.3% and that in France saw a drop of 7.3%. Italy reported a fall of 0.6%. Overall, Europe car sales rebounded 1.3% on a yearly basis in April, following a 0.2% fall in March. April data showed signs of recovery despite the ongoing unpredictable global economic environment, the ACEA noted.

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