Europe's new car registrations declined at the fastest pace in ten months in June, reflecting the challenging global economic conditions for the auto makers, the European Automobile Manufacturers' Association, or ACEA, said Thursday.
New car sales fell 7.3 percent year-on-year in June, in contrast to the 1.6 percent increase in May. This was the sharpest fall since August, when sales were down 18.3 percent.
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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.