Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

European passenger car sales fall 8.1 percent in November

Published 14/12/2018, 07:03
Updated 14/12/2018, 07:05
© Reuters. A woman buys a Volkswagen Polo car in Madrid

FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p), Renault (PA:RENA) and Fiat Chrysler (MI:FCHA) led an 8.1 percent decline in European car sales in November, the main regional industry body said on Friday, as the introduction of tougher new emissions tests continued to weigh on demand.

Registrations fell to 1.16 million cars in European Union and European Free Trade Association (EFTA) countries last month from 1.26 million in the year-earlier month, Brussels-based ACEA said.

Volkswagen Group sales fell by 10.9 percent, Renault's by 16.0 percent and the FCA Group's by 8.1 percent, according to the data. Renault's alliance partner Nissan (T:7201) also recorded a 30.8 percent decline.

The new Worldwide Harmonised Light Vehicle Test (WLTP) became mandatory on Sept. 1, forcing some carmakers to halt deliveries of some models that had yet to be re-certified.

Car sales had surged in the month before the new standard became effective and have declined every month since.

© Reuters. A woman buys a Volkswagen Polo car in Madrid

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.