European Car Sales Up for the First Time in 19 Months
According to the European Automobile Manufacturer’s Association (ACAE), registrations in April increased by two percent, with Germany and Spain buying more cars and reporting a rise in consumer confidence, despite pessimistic predictions.
While Mercedes-Benz and Volkswagen are the only European automakers that reported a sales increase for April, with 13 percent and 10 percent respectively, analysts are hoping for a recovery in the region. Other manufacturers that managed to sell more vehicles in April 2013 are Nissan (7 percent), Toyota (5 percent) and Hyundai (2 percent).
On the other hand, Chevrolet suffered a 28 percent plunge, while Citroen deliveries dropped 10 percent. BMW posted a regional decline of three percent, while Ford sold 0.6 less automobiles last month.