Europe's new car registrations declined for the second straight month in February due to sharp reductions in Germany and Italy, the European Automobile Manufacturers' Association, or ACEA, said on Tuesday.
New car sales were down 3.4 percent on a yearly basis in February, after a 2.6 percent drop in January.
The German market reported the biggest monthly fall of 6.4 percent, followed by a 6.2 percent decrease in Italy.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.