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

 Europes car sales plummet to a 19-year low
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)
December 17, 2012 3:57 am
 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.
December 15, 2012 10:29 am
 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.
December 15, 2012 8:34 am
 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 !
December 14, 2012 2:24 pm
 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!
December 14, 2012 12:43 pm