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European car sales still stalled


European car sales still stalled


Passenger car sales in Europe slumped 16.6 percent in October, with no more government scrappage schemes to encourage drivers into showrooms.

The European carmakers’ association said in the first 10 months of the year, sales fell 5.5 percent, to a total of just over 11.25 million vehicles.

Year-on-year UK sales fell 22 percent, Germany 20 percent and France 19 percent.

Fiat sales were down 32.9 per cent in European Union vehicle sales year-on-year in October, Ford suffered a 29 percent decline, Japan’s Toyota saw a 28.7 per cent drop while GM group sales fell 19.2 per cent.

PSA Peugeot Citroen group sales dropped 19.7 per cent and Volkswagen group sales fell 16.6 per cent.

European carmakers are increasingly focusing on fast-growing emerging markets to offset stagnating demand at home.

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