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Europe Car Sales Fall 10%
Europe's car market shrank 10% to 965,900 units in November as sales fell for every major producer in the region.
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Europe's car market shrank 10% to 965,900 units in November as sales fell for every major producer in the region.
Demand through the first 11 months of 2012 was down 7% across the region and almost 8% within the European Union, reports ACEA, the European carmaker group.
Volume last month dropped in Germany (-4%), France (-19%), Italy (-20%) and Spain (-20%). The U.K., where sales climbed 11%, was the region's only bright spot.
Every major carmaker felt the slump last month. Volkswagen group sales slipped 3%, but declines were much sharper for the remainder of the region's Big Six: -16% at PSA, -27% at Renault, -13% at General Motors, -10% at Ford and -13% at Fiat.
Europe's luxury brands performed notably better than the overall market. November sales were virtually flat at BMW and Daimler and slipped 2% at Audi. Registrations surged 16% at Jaguar Land Rover.
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