EU car sales fall for a third-straight month

By John Mac, December 15, 2018

New car sales within the European Union fell in November, as demand continuing to contracts in the majority of European 27, signaling the next successive month of decrease. New auto registrations, also a reflection of earnings, dropped an 8.0% in the EU compared with a year before 1.12 million autos, the European Automobile Manufacturers’ Association explained Friday.

New automobile revenue dropped 6.3% in Italy and so was 3.0% in the U.K., during France require dropped 4.7 percent. At the first 11 months of 2018, new car registrations edged 0.8% higher to 14.16 million vehicles in comparison to a year ago period, ACEA stated.

Fiat Chrysler vehicles NV (FCA.MI) earnings decreasewas, tha 0.8h sales were 16% for Renault SA and down 5.8% for Peugeot SA.
In German auto manufacturers, Volkswagen AG VOW declared the most significant decrease in November, with sales down 11 percent, while demand for BMW A G (BMW.XE) autos fell 2.8%. Daimler A G (DAI.XE) sales climbed 3.3 percent.

Car sales jumped in August, ahead of the introduction of fresh guidelines in September, but that led in the subsequent months, the institution stated. During the summer, European automobile makers had offered large discounts to vehicles ahead of the brand-new emissions rules, resulting to pricing pressure and greater competition.

The association, known as ACEA, whose associates consist of Europe’s biggest car maker, said sales dropped 13 percent in Spain and 10 percent in Germany.