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New EU car sales see slight slide in September

Europe
17.10.2017
By our dpa-correspondent and Europe Online    auf Facebook posten  Auf Twitter posten  
Berlin (dpa) - September car sales in the European Union were down 2 per cent year-on-year in September, industry data showed Tuesday, with sharp drops seen in Britain and Germany.

The month saw about 1.43 million cars registered, as compared to about 1.46 million the same month in 2016, the European Automobile Manufacturers Association (ACEA) said in a statement.

"However, it must be noted that September 2016 figures [the highest total on record to date] constituted a high basis of comparison," ACEA added.

While British sales were down 9.3-per-cent year-on-year, and German sales down 3.3 per cent, other major markets, including Italy and Spain, bucked the negative trend. Both experienced an increase in sales.

In the first nine months of the year, Volkswagen Group remained market leader with a 23.5 per cent share in sales, while France‘s Renault group had a 10.3 per cent share between January and September.

New car sales are a closely watched indicator of economic health. In the EU, they fell sharply following the 2008 global financial crash, but have risen steadily since September 2013, aside from a few blips.

 

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