November 17, 2016 / 7:07 AM / 2 years ago

PSA, Renault, VW lead European car sales decline

PARIS (Reuters) - European car sales fell 0.3 percent in October, with the region’s three biggest automakers Volkswagen (VOWG_p.DE), PSA (PEUP.PA) and Renault (RENA.PA) leading the decline, according to industry data published on Thursday.

The logo of German car maker Volkswagen is seen on a car outside a garage in Vienna, Austria, September 29, 2016. REUTERS/Leonhard Foeger

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.

Reporting by Laurence Frost; Editing by Adrian Croft

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below