Infrastructure

Infrastructure

EU car sales drops 10% in November

17 December 2012 13:08 (UTC +04:00)

On the 14th of December, the European Automobile Manufacturers' Association released its survey which showed that European Union car sales decreased as much as 10 percent to almost 926,500 vehicles. PSA Peugeot Citroen, Renault SA and Fiat SpA noted the biggest slumps among other carmakers.

The findings of the survey showed that new car registration in November decreased about 10 percent in the countries of the European Union and the European Free Trade Association. As for the eleven-month period between January and November, the EU saw car sales drop approximately 7,6 percent to over 11,3 million vehicles from a year earlier. It is the lowest result for the period since 1993, according to the European Automobile Manufacturers' Association.

France, Spain and Italy saw the biggest slumps in car sales in November. According to data, car sales in France decreased about 19 percent, while registration in Spain and Italy dropped as much as 20 percent. Also Germany, which is the Europe's No. 1 car market, declined approximately 3,5 percent.

The biggest declines in car sales were noted by PSA Peugeot Citroen, Renault SA , Fiat SpA and General Motors Co. However the France's carmakers saw the biggest decline in demand as their car sales decreased not only in the domestic market but also in Germany and eastern Europe. PSA Peugeot Citroen decreased roughly 16 percent, while Renault saw a 27 percent slump in European car sales in the month.