Nissan, Volvo and FCA lead European sales decline

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 66%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

European car sales dropped 7.9per cent in June, led by bigger declines for Nissan , Volvo and Fiat Chrysler (FCA) , according to industry data ...

PARIS: European car sales dropped 7.9per cent in June, led by bigger declines for Nissan , Volvo and Fiat Chrysler , according to industry data published on Wednesday.

Registrations fell to 1.49 million cars last month from 1.62 million a year earlier across the European Union and EFTA countries, the Brussels-based Association of European Carmakers said in a statement. Calendar effects resulted in two fewer sales days in most markets, accentuating the decline.Registrations for the first half closed 3.1per cent lower, ACEA said.

Nissan's aging model lineup contributed to a 26.6per cent June sales slump while Volvo Cars, owned by China's Geely, saw deliveries tumble 21.7per cent. Registrations also fell 13.5per cent last month at FCA, 10.1per cent at BMW , 9.6per cent at Volkswagen Group and 8.2per cent for both Mercedes parent Daimler and France's PSA Group . The Peugeot maker's domestic rival Renault suffered less, posting a 3.9per cent decline.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Renault-Nissan alliance is priority for France ahead of any consolidation: Le MaireRenault's alliance with Japanese partner Nissan remains the priority for France ahead of any further consolidation such as a merger with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Singapore exports post 4th month of double-digit decline with 17.3% plunge in JuneSINGAPORE’S exports, already in double-digit decline for three straight months, fell again in June, according to Enterprise Singapore data released on Wednesday morning. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Renault-Nissan alliance is priority for France ahead of any consolidation: Le MaireRenault's alliance with Japanese partner Nissan remains the priority for France ahead of any further consolidation such as a merger with ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »