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PSA, Renault, VW lead European car sales decline

Thursday, November 17, 2016 - 15:10

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European car sales fell 0.3 per cent in October, with the region's three biggest automakers Volkswagen, PSA and Renault leading the decline, according to industry data published on Thursday.

[PARIS] European car sales fell 0.3 per cent in October, with the region's three biggest automakers Volkswagen, PSA and Renault leading the decline, according to industry data published on Thursday.

Registrations came in at 1.14 million cars last month in the region comprising European Union member states as well as Iceland, Norway and Switzerland, the Brussels-based Association of European Carmakers said in a statement.

PSA sales fell 7.4 per cent, weighed down by the Citroen brand's 8.9 per cent decline, while Peugeot sales were down a more modest 4.6 per cent.

Renault group registrations were 2.1 per cent lower, and Volkswagen suffered a 1.8 per cent sales slide largely attributable to the core VW brand's 7.8 per cent drop.

sentifi.com

Market voices on:

The October numbers dampened the European auto market's performance for the year so far - now amounting to 6.9 per cent year-on-year growth for January-October.

French and German demand weakened in October, according to national data published earlier this month, causing forecaster LMC Automotive to trim its full-year market outlook for Western Europe.

REUTERS

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