New tumbled in sales of cars in Europe
Registrations of new cars in Europe in October fell by 14.5 percent on an annual basis after falls of 8.2 percent in September and 15.7 percent in August. It cited by AFP showed evidence of the European Association of Automobile Manufacturers.
Over the last month of the Old Continent sold a total of 1134 million cars. Statistics is formed by information received from the member countries of the European Union (excluding Cyprus and Malta) from Iceland, Norway and Switzerland.
For the period from the beginning of the year by the end of October, sales of new cars decreased by 5.4 percent over the same period of 2007 to 12.85 million units.
The impact of the financial and economic crisis is expressed in six consecutive monthly declines, particularly drastic in the summer here, discussed by the association.
Among major markets in Western Europe is strongly affected the market in Spain. Sales in the country decreased by 40 percent targets in October to 77 600 vehicles - the lowest level since 1995
Strong reductions in the UK has (-23% to 128 352 units) and Italy (-18.9% to 167 940 units).
In Germany, the biggest European market, also decline, which amounted to 8.2 per cent to 258 814 units. France reported a decrease of 7.4 percent to 174 939 units.
According to the Association of Automobile Manufacturers and their authorized representatives in Bulgaria for October on the Bulgarian market sold a total of 4672 new passenger cars and light vehicles, for the period January - October - 45 838. This represents an increase of 14 percent compared to January-October 2007, however, growth slowed to previous reporting periods.
How things stand for a producer?
The leader Volkswagen (brands Volkswagen, Audi, Seat, Skoda) a general decline in sales for the month from 7.6 percent to 249 948 cars.
Company Number 2 in the sector - French PSA Peugeot Citroën - has decreased 16.3 percent to 145 493 units. Renault do (brands Renault, Dacia) has even greater decline - 19.1 percent to 101 644 units.
Sales of General Motors (Opel, Vauxhall, Saab, Chevrolet) go even higher - over 25 percent to 94 479 units. The other big American producers - Ford (Ford, Volvo) - compared with 11.9 percent to 111 971 cars sold in October.
For Toyota situation is not good. The Japanese company has sold a 23.6 percent fewer cars in Europe over the past month to that of 2007 - a total of 54 612 units.
The decrease in the Italian group Fiat (Fiat, Lancia, Alfa Romeo) was 7.9 percent up to 93 952 units, a German Daimler and BMW registered decreases of 16.6 percent and from 10.4 percent respectively to 61 754 and 66 242 cars sold.
Inflation in Europe at lower level than nine months. Europe is in recession officially PricewaterhouseCoopers (PwC) aims to sell assets of Lehman in Europe to days Bought Subdivisions and of Lehman in Europe and the Middle East Consecutive decline in U.S. stock, S&P 500 also enters in Bear Market Mass panic scope and exchanges in Eastern Europe Red start of the month for Asian markets The data on employment pressed U.S. state indices, the serial drama data on the labor market in the U.S. Financial crisis hit and telecom sector Fifth consecutive decline for exchanges in Asia Opel new cars will allow the problem of blocking traffic Rosneft is planning investments in Eastern Europe Unexpected rise in Swedish retail Sharp decline in US retail sales Dow Jones wiped their initial gains Christmas sales in US disappoint U.S. shares erased their initial gains. The outlook for long-term credit rating of Russia is “negative” and Gold-currency reserves of Russia decreased by 50 billion dollars The quality of loans in Eastern Europe deteriorate Toyota sales plunge in November The single system for online sales of music rights in meeting EU retaliation Japanese vehicle sales plunge 22% Strong data on the labour market in Germany Price of oil will not stop - marks a record after record BMW sales down but Mini sales up The euro fell against the U.S. dollar. Avoid the currencies set a high income under pressure Online web searches in October The best (and cheapest) funds around Google disappoints the market despite the 35% growth in profits for quarter Exchanges in Romania, Austria, Iceland and Ukraine stopped trading Honda slashes jobs and production Russian gas flows back to Europe Russian gas to Europe ‘blocked’ 2008 - year of the bear market, world drop in economic growth Chrysler unveils deep discounts Talks to resume Europe gas flow Europe hit by economic slowdown Middle East oil fell to 122.10 dollars for a barrel U.S. shares of the green, S&P 500 by 10 percent weekly rise Russia ’stops sending Europe gas’ Oil ended the week with a drop of over 11 percent Another 62 thousand Americans without job in June, unemployment was 5.5 percent Shoppers hit post-Christmas sales Expect to 30% decline in housing prices in Spain US retail sales unexpectedly rise Huge sales attract more shoppers The new rules of car buying Steep sales drop for US carmakers Steep sales drop for US carmakers Waitrose sees festive sales soar GM loses top sales spot to Toyota GM loses top sales spot to ToyotaTags: automobile, cars, economic, economy, euope, finances, financial crisis, manufacturers, sales
