🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

Toyota, Hyundai, Ford lead 9.6 percent European car sales gain

Published 17/05/2018, 07:07
© Reuters. The 88th Geneva International Motor Show
F
-
STLAM
-
PEUP
-
RENA
-
VOWG_p
-
005380
-
7203
-

PARIS (Reuters) - European car sales rose 9.6 percent in April, led by Toyota (T:7203), Hyundai (KS:005380) and Ford (N:F), and boosted by an increase in the number of business days, according to industry data published on Thursday.

Registrations in EU and European Free Trade Area countries advanced to 1.349 million cars last month from 1.231 million a year earlier, Brussels-based industry association ACEA said.

Thanks to the timing of this year's Easter holiday, European showrooms were open for business on more days last month than in April 2017, helping the year-on-year progression.

Toyota and Hyundai posted sales increases of 20.3 and 15.3 percent respectively, while Ford's registrations were up 14 percent and Volkswagen Group's (DE:VOWG_p) up 13.1 percent.

Renault (PA:RENA) sales advanced 10 percent, while the Peugeot brand jumped 15.3 percent and PSA Group (PA:PEUP) stablemate Citroen posted a 6.9 percent increase.

© Reuters. The 88th Geneva International Motor Show

However Fiat Chrysler (MI:FCHA) lost ground as its sales edged just 2.3 percent higher, underperforming the market thanks to a 4.5 percent decline at the core Fiat brand.

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.