Mexican Media Brands
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.
#economics
Share
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.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.