The Austrian car market has collapsed massively. Only 17,107 new cars were registered in May, down 24 percent from the same month last year, according to data from the manufacturers’ association ACEA released on Thursday. Austria is thus behind Lithuania (minus 33.2 percent) at the bottom of the European Union, which recorded a decline of eleven percent to 791,000 vehicles. It was the tenth negative month in a row.
Since the beginning of the year, 85,846 cars have been newly registered in Austria, which also corresponds to a whopping minus of 20.7 percent compared to the months of January to May 2021. The EU average was 13.7 percent. 3.7 million passenger cars have been newly registered since the beginning of the year.
Only a few countries such as Cyprus, Greece, Latvia, Bulgaria, Romania and Sweden recorded growth in May. In Germany, France and Spain, the car market fell by around ten percent, in Italy by 15 percent and in the ex-EU member Great Britain by as much as 20 percent.