European car sales fall 10.2 percent in February
MILAN (Reuters) – Europe’s car market shrank a further 10.2 percent in February, with sales of new vehicles falling to 829,359, according to figures from the Association of European Car Manufacturers (ACEA).
Sales hit a 17-year low in 2012 and this year is shaping up to be another tough slog for mass-market carmakers as consumers in recession-hit European economies continue to postpone purchases.
Ford and GM sales both fell by 20% in Europe.
But, this is interesting. Three auto manufacturers managed to gain.
Only three brands managed to add sales in February. Korea’s Hyundai, usually a bright spot, eked out a 1.4 percent gain. Mazda rose 13.1 percent and Honda 27 percent.
First the socialist destroy Manhattan then we take Berlin – The war against the machine is a complete success (Car) Long live the bio fuel/ high energy mandates. The EU does it in style- No?
Well believe me, they HAVE Berlin.
Moving to cheaper cars. Pretty much what happens in any recession. first the high end stores lose sales, and the low end ones gain it.
But things are going very well in the US, after all housing starts surged by 76,000. Sort of.
Did the CAGW people learn this stuff from the lefty statisticians or did the statist-icians learn it from the climate sciencyists?
Bruce, I don’t know the answer to that question. I’m beginning to think leftist had a special math class they all went to and then infiltrate the various arms of government.
They all took PolSci maths.
Reminder: Fisker about to go all Solyndra with $200 million of your money
http://hotair.com/archives/2013/03/19/reminder-fisker-about-to-go-all-solyndra-with-200-million-of-your-money/
Yeh, when Fisker himself, walks away, you know it’s done.