ACEA slashes 2019 car sales forecast, now sees 1% shrinking

European automobile manufacturers' association ACEA on Thursday said it expected European passenger car registrations to shrink by 1% in 2019, revising its previous forecast of 1% growth. "Aside from the uncertainty due to Brexit and changing macroeconomic conditions, this represents a natural stabilisation of the market," ACEA Secretary General Erik Jonnaert said in a statement.

ACEA now sees total EU car sales at just above 15 million units at the end of this year.