Photo: Peugeot
While the rate of decline may have slightly improved in October, the European car market still went down further, last month, with all of the major automakers suffering double-digit declines. In the EU and EFTA countries, new car registrations dropped by nearly 5%, to 1-million vehicles.
However, the October decline was the second-smallest, recorded so far this year. Still, Renault, PSA and Opel are still struggling, as they have been the most affected by the economic situation, and are now cutting costs in order to keep momentum going. Even VW posted negative results, showing a 0.5% decrease in sales last month, managing to shift just 128,481 cars in total.
With the western European car market shirinking by 7.3% this year, with only 10,327,276 vehicles sold, the UK is the only major market to post growth in October, rising by 12.1% last month, with 151,252 cars sold.
Story via autonews.com
With the western European car market shirinking by 7.3% this year, with only 10,327,276 vehicles sold, the UK is the only major market to post growth in October, rising by 12.1% last month, with 151,252 cars sold.
Story via autonews.com
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