Europe's car sales plummet to a 19-year low

Aston Martin Dealership in Frankfurt
Aston Martin Dealership in Frankfurt

Lowest figure since 1993

New car sales in Europe last month decreased by 10 percent to 965,918 units.

Because of the pressuring austerity that has hit the old continent, car sales have fallen to a 19-year low this year. The only big car maker to enjoy a hike in sales this November was Hyundai whose sales went up by 7 percent, while sister company Kia fell by 3.6 percent.

Out of all automakers, Renault suffered the largest year-on-year decline as sales of its Renault and Dacia models dropped by a worrying 27.4 percent. PSA Peugeot Citroen sales are down by 16 percent, while GM with its Opel, Vauxhall and Chevrolet brands had a 13 percent decline. Fiat is also down by 12.8 percent, while the Blue Oval company saw 10.2 percent less sales. Last month, Volkswagen managed to deliver 248,690 cars, representing a 2.5 percent decrease.

11-month car sales in Europe are down by 7.2 percent to 11.7 million units, representing the lowest figure since 1993.

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Comments (11)

9TNine 9TNine
Good for Hyundai, but no figures for the Japanese manufacturers? Renault is down as FRANCE is the next country on the PIIGS country's list. (Portugal, Ireland, Italy, Greece, Spain list)
Dec 17th, 2012 10:57am
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MutantSushi MutantSushi
or Renault's average car targets a lower tier than VW's average car does (which includes Audi, Lamborghini, etc)? and the rich's ability to buy a car isn't as impinged as average people's?
Dec 17th, 2012 3:11pm
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zeiar zeiar
I agree what Efhg said that modern cars are more complex and more expensive to maintain. There are more parts and systems that need servicing like particle filters adblue or haldex oils or different type electric gadgets and sensors. Maybe there should be more cars simple cars like Dacia in the market? Although the article says that Renault and Dacia sales have plummeted the most.
Dec 15th, 2012 5:29pm
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MutantSushi MutantSushi
think about the incomes of people in the market for a dacia, and how that keeps up with inflation. then think about people in the market for a porsche or BMW, etc, and how that has kept up with inflation, etc. statistics are very clear on this. now, one sector can afford increasing gatgetization, etc. the other can support a mass car industry.
Dec 16th, 2012 10:19am
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efgh efgh
i think there are 3 reasons. first, the austerity which the article mentions. second, the unreasonably high price that EnzoTinyu has mentioned above and, third, the fact that car evolution has been going the wrong way for the last years. no real inventions (maybe all the useful ones are already invented?), just meaningless advances in technology that only make a car more complex than useful. people prefer to keep their current car and have it properly serviced than buy a new one that doesnt offer anything actually better.
Dec 15th, 2012 3:34pm
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OsamaS.Husain OsamaS.Husain
Europe's economy is very tense and on the edge.. They need to act faster and stop relying on the Germans to set things right !
Dec 14th, 2012 9:24pm
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EnzoTinyu EnzoTinyu
Cars are simply too expensive... a Cayman S cost as much as a 996 Carrera back in the days. A 991 now cost as much as a Ferrari F360 back in the days. I think they're just getting greedy!
Dec 14th, 2012 7:43pm
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GSS5_23 GSS5_23
Dec 14th, 2012 9:25pm
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MutantSushi MutantSushi
right. compare historical profit figures. of course, alot of people's income hasn't kept up with real inflation, but i think if you are in the market for any porshche, that doesn't apply. the tendency has been for promoting new expensive technologies, e.g. rear-view video cameras are the new fad turning into mandatory requirement. without some of those, cheaper technology should be available, and would have the benefit of being applicable all over the world, as opposed to the developing world where VW et al develop specific low-cost platforms.
Dec 16th, 2012 7:26am
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porsche6616 porsche6616
in my country, a new 458 is selling doubling the price of a new F360.. i could never afford a new ferrari... but i guess that's normal as it's supposedly for the limited few only... but recently heard that a new 458 only takes 6 monhts to order which is just like an ordinary car.. i guess they are doing quite bad that can't fill up the production even with such low capacity..
Dec 17th, 2012 5:45am
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MutantSushi MutantSushi
or their production is matched to demand just as well for more mass market vehicles? (which actually have overcapacity in underutilized factories) luxury vehicles pretty much are doing fine, but that doesn't mean they need to expand their production capacity more.
Dec 17th, 2012 3:09pm
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