Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  December 14, 2012 11:10:18

EU - car sales in November at 19-year low after a decline of 9.7% y / y

According to statistics from the European Automobile Manufacturers' Association ACEA registrations of new cars in the EU in November, including Switzerland, Norway and Iceland declined by 9.7% to 965,918 vehicles.

Sales for the 11 months of this year declined by 7.2% to 11.3 million vehicles, the lowest over the past 19 years.

Peugeot sales decreased by 16%, about 27% of Renault, Fiat about 13% of GM's U.S. sales fell by 13%, led by Chevrolet drop by 20%. Ford in the EU reported a decline in sales of 10%. The European market leader Volkswagen sales declined by 2.5%, led by a fall of 4.5% in its parent division. Audi recorded a drop of 2.3%. BMW reported sales growth of 0.4%, Daimler sold 0.7% fewer cars. Mercedes sales rose by 1.5%.

Sales of the 4 major European markets declined. In Germany, sales were down 3.5% compared to the October increase of 0.5%. German market represents a full 25% of the market across the EU. Peugeot sales in Germany fell by 18%, 28% Citroen and Renault to 15% ..

In France, new registrations fell by 19%, 20% write down markets in Italy and Spain.

The British market as one of the few recorded sales growth of 11% and moved on to the second largest European market place France.

ACEA estimates that for the full year 2012 sales reach a level of 12 million vehicles, which is the worst result since 1995, when the largest decline since 1993.

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