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Europe Passenger Car Registrations Fall Further

European passenger car registrations declined for the tenth successive month in May, but at a slower pace, data from the European Automobile Manufacturers' Association (ACEA) showed on Thursday.

Passenger car sales fell 11.2 percent year-over-year in May, following a 20.6 percent decrease in April. Sales totaled 791,546 units in May.

Car sales in all four key EU markets logged double-digit losses during the month, the Brussels-based ACEA said.

Sales in Italy posted the steepest annual decline, by 15.1 percent, followed by a 10.9 percent fall in Spain.

Germany's sales slid 10.2 percent and sales in France were 10.1 percent lower in May compared to a year ago.

During the first five months of this year, total passenger car registrations slipped 13.5 percent, totaling 3.72 million units.

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