About European Cars

• European Car Sales Down

  10Oct
  Categories: News Comments Off

  

  According to the European Automobile Manufacturers’ Association (ACEA), new European car registrations went down by  9.5 percent in March. This was mainly due to the recent rise in oil prices, and uncertainty in economic stability. 

  The European car manufacturer most affected was Germany’s Volkswagen group: their sales fell by 12.5 percent. Included in the failing groups are: Fiat, Daimler, Ford along with France’s PSA Peugeot Citroen Group and Renault. 

  “In a context of economic uncertainty generated by the US financial crisis, car sales in Western Europe were affected most by the decline,” the ACEA said, noting that the early Easter holiday break also had hit car sales.

  The only European car maker that made an increase in sales was Munich-based BMW.

  Source