EU New Car Sales Fell in March for the First Time Since 2014
18 Aprile 2018 - 8:29AM
Dow Jones News
By Max Bernhard
New car sales in the European Union fell in March for the first
time since 2014, as demand started to slow in some markets and
continued to slump in the U.K., according to data published
Wednesday.
New car registrations, a reflection of sales, fell 5.3% to 1.79
million vehicles in March, said the European Automobile
Manufacturers' Association, or ACEA.
The decline was also due to last year's record results resulting
in a tough comparison base, ACEA said.
Demand in major EU markets slumped in the month, especially the
U.K., where sales declined 16%. Sales in Italy fell 5.8% in the
month, while Germany declined 3.4%. France and Spain posted slight
growth, however, with sales in the two countries up 2.2% and 2.1%,
respectively, the association said.
Most car makers' sales declined in the month, with Ford Motor
Co. (F) sales falling 15% and Fiat Chrysler (FCA.MI) reporting an
8.0% decline.
Sales of French car maker Renault SA (RNO.FR) fell 3.2%, while
peer Peugeot SA's (UG.FR) sales increased 60%, including volumes
from German car maker Opel, which the French car maker acquired
last year. Sales of Peugeot's namesake brand rose 1.4% in March,
ACEA said.
Of the German car makers, Volkswagen AG (VOW.XE) was the only
one to post a slight increase, as sales rose 0.3%. BMW AG (BMW.XE)
sales slumped 5.8%, while Daimler AG's (DAI.XE) fell 3.4%, the
association said.
Write to Max Bernhard at Max.Bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
April 18, 2018 02:14 ET (06:14 GMT)
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