Wednesday , May 25 2022

The number of new cars has fallen dramatically – analysts do not like the forecast


According to company data, the number of new car registrations declined to 1.015 million in October. Last October, the number of registrations was 1,094 million. With declining sales, the company is forced to reduce forecasts for the automotive industry in the region for these and other years.

The new WLTP was launched on September 1, forcing automotive manufacturers such as Volkswagen and Renault to stop supplying some car models.

"Although many of the cars that WLTP stopped in September was already on the market in October, it's clear that although we see sales growth, there will be some time," said David Oakley, an analyst at LMC Automotive.

LMC Automotive has cut its car sales forecast by 2018 from 14.5 to 14.41 million. cars. In 2019, according to company forecasts, 14.54 million will be sold. cars.

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

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