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4/18/13

European Car industry: disturbing sales figures

Car sales across Europe were 10.3% lower in March from a year earlier, the 18th consecutive month of falls.
The figures, from the Association of European Carmakers (Acea) showed most carmakers saw sales drop, with Peugeot Citroen and Toyota suffering the most.

Continuing economic stagnation across Europe has depressed sales for almost six years.
The UK was the only country in Europe where sales rose, with registrations up by 5.9%.

Germany, the best performing economy in the eurozone, saw the biggest fall in sales of 17.1%, with France just behind with a drop of 16.2%.

Peugeot and Toyota were the worst affected manufacturers, with sales falling more than 16% from a year earlier, Volkswagen also suffered a sharp drop, with sales down 15% and the US carmaker General Motors saw sales fall by 12.8%.

Read more: BBC News - Global Car Industry

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