Photo: Bloomberg
European auto sales have suffered another setback last month, with a plunge rated at 10.2 percent compared to 2012, the European Automobile Manufacturers' Association (ACEA) said.
With new vehicles registration having dropped to 829,359 last month, from 923,553 a year earlier, 2013 is shaping up to become yet another low record-breaking year.
While Britain was the only country to experience sales growth in February, with new car registrations gaining 7.9 percent, other major markets such as Germany, France, Italy or Spain plummeted again.
"All other significant markets faced a downturn, ranging from 9.8 percent in Spain to 10.5 percent in Germany, 12.1 percent in France and 17.4 percent in Italy," ACEA said in a statement.
Almost all auto companies operating in Europe reported lower sales, with Ford, General Motors and Fiat being the worst performers. On the other hand, Hyundai, Mazda, and Honda were the only manufacturers to see better sales, Honda topping its fellow Asian manufactures with 27 percent.
While Britain was the only country to experience sales growth in February, with new car registrations gaining 7.9 percent, other major markets such as Germany, France, Italy or Spain plummeted again.
"All other significant markets faced a downturn, ranging from 9.8 percent in Spain to 10.5 percent in Germany, 12.1 percent in France and 17.4 percent in Italy," ACEA said in a statement.
Almost all auto companies operating in Europe reported lower sales, with Ford, General Motors and Fiat being the worst performers. On the other hand, Hyundai, Mazda, and Honda were the only manufacturers to see better sales, Honda topping its fellow Asian manufactures with 27 percent.
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