Europe new car sales down 7.1% in January
(BRUSSELS) - New car sales across Europe fell 7.1 percent in January compared to the year earlier, the European Automobile Manufacturers' Association said Thursday.
The total number of new cars sold in 26 of the 27 European Union states minus Malta, where no data was given, was 968,769 in the month.
Sales in France slumped 20.7 percent, Italy was down 16.9 percent and Portugal tumbled a whopping 47.4 percent.
The key German market saw a slight drop of 0.4 percent, Britain was flat and Spain logged a rise of 2.5 percent.
The big winners among brands were South Korea's Kia and Hyundai, up 30.6 percent and 17.9 percent respectively, with the French and Italian champions Renault, Fiat and PSA Peugot Citroen groups losing 25.2 percent, 16.2 percent and 14.9 percent respectively.
Text and Picture Copyright 2012 AFP. All other Copyright 2012 EUbusiness Ltd. All rights reserved. This material is intended solely for personal use. Any other reproduction, publication or redistribution of this material without the written agreement of the copyright owner is strictly forbidden and any breach of copyright will be considered actionable.