Tags: APFN | EU | Europe | Car Sales

Europe Car Sales Sink for 7th Straight Month

Wednesday, 17 April 2019 04:38 AM EDT

MILAN (AP) — New car sales in Europe are continuing to fall for the seventh straight month, dropping by 4 percent in March.

The European carmakers' association ACEA, based in Brussels, said 1.72 million new cars were sold last month, down from 1.79 million in March 2018. Italy led all five top markets in decline, with a double-digit drop.

The Volkswagen group gained market share, capturing 23.2 percent of sales with a mild 1-percent drop. Shares of its luxury brands were mixed, with Audi up by 1.7 percent and Porsche plummeting 19 percent.

French carmaker Renault was alone among mass carmakers in increasing sales, up 2 percent, on the strength of its lower-priced Dacia marquee.

German luxury carmaker Daimler's sales slipped by 13.3 percent. BMW sales were down by 2.2 percent.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
New car sales in Europe are continuing to fall for the seventh straight month, dropping by 4 percent in March.The European carmakers' association ACEA, based in Brussels, said 1.72 million new cars were sold last month, down from 1.79 million in March 2018. Italy led all...
APFN,EU,Europe,Car Sales
130
2019-38-17
Wednesday, 17 April 2019 04:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved