June 27, 2019 / 8:10 AM / 23 days ago

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

BERLIN, June 27 (Reuters) - 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 statement.

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

Reporting by Riham Alkousaa Editing by Tassilo Hummel

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