- Title: PSA, Renault, VW lead European car sales decline
- Date: 17th November 2016
- Summary: GERMANY (FILE) (REUTERS) VARIOUS OF WORKERS AND CARS ON PRODUCTION LINE
- Embargoed: 2nd December 2016 11:34
- Keywords: PSA Renault VW lead European car sales decline new registrations
- Location: LONDON, ENGLAND, UK / FRANKFURT, GERMANY / PARIS, FRANCE / RUSSIA / CHATTANOOGA, USA
- City: LONDON, ENGLAND, UK / FRANKFURT, GERMANY / PARIS, FRANCE / RUSSIA / CHATTANOOGA, USA
- Country: Various
- Topics: Economic Events
- Reuters ID: LVA00158U1JT9
- Aspect Ratio: 16:9
- Story Text:European car sales fell 0.3 percent in October, with the region's three biggest automakers Volkswagen, PSA and Renault leading the decline, according to industry data published on Thursday (November 17).
Registrations came in at 1.14 million cars last month in the region comprising European Union member states as well as Iceland, Norway and Switzerland, the Brussels-based Association of European Carmakers said in a statement.
PSA sales fell 7.4 percent, weighed down by the Citroen brand's 8.9 percent decline, while Peugeot sales were down a more modest 4.6 percent.
Renault group registrations were 2.1 percent lower, and Volkswagen suffered a 1.8 percent sales slide largely attributable to the core VW brand's 7.8 percent drop.
The October numbers dampened the European auto market's performance for the year so far - now amounting to 6.9 percent year-on-year growth for January-October.
French and German demand weakened in October, according to national data published earlier this month, causing forecaster LMC Automotive to trim its full-year market outlook for Western Europe.
- Copyright Holder: FILE REUTERS (CAN SELL)
- Usage Terms/Restrictions: None