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Auto Sales Drop in Most Major European Markets
Passenger vehicle demand fell in four of Europe's largest auto markets last month amid growing economic concerns, according to national trade groups.
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Passenger vehicle demand fell in four of Europe's largest auto markets last month amid growing economic concerns, according to national trade groups.
Passenger vehicle registrations in Germany shrank 5% to 247,900 vehicles in July, according to federal auto agency KBA. Sales for General Motors' Opel unit plunged 19%.
In Italy, car sales plummeted 21% to 108,800 units last month, auto group ANFIA reports. Fiat's domestic volume matched that decline, sliding to 33,200 vehicles from 42,200 a year earlier.
Demand for light vehicles in France declined 6% to 179,600 units in July, despite two more sales days than a year earlier, says automaker group CCFA. Sales of passenger cars dropped 7% to 149,000 vehicles.
Spain's sales of passenger vehicles fell 17% to 65,300 units, according to trade group ANFAC.
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