More Bad News For Europe — Feb Cars Sales Down 10%

 

European car sales fall 10.2 percent in February

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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.

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8 Responses to More Bad News For Europe — Feb Cars Sales Down 10%

  1. DaveG says:

    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?

  2. philjourdan says:

    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.

  3. Bruce says:

    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?

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