(MENAFN- Qatar News Agency) Slumping car sales across the EU in August have underlined the fragility of the eurozone economy, with the cumulative figures for the year to date at a record low.
The UK remained the only major European market to record more new passenger car registrations in 2013 than last year, with 10.9% more sales this August than last, according to The Guardian newspaper.
Across the EU, sales dropped to 653,872 vehicles in August €" traditionally a slow month but a figure that still remains 5% lower than in 2012.
For 2013 so far, the total stands at just 7,841,596 €" the lowest figure since the European Automobile Manufacturers' Association (ACEA) started compiling them in 1990.
After a slight rise in July, the trend continued downwards outside the UK, with what is set to be a sixth straight year of falling sales.
Sales slid further in France, Italy and Germany.
In Cyprus sales this year are down 40%. ACEA said: "The downturn prevailed across significant markets."
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