Jump to content



European Union's monthly car sales drops to 19-year low

By SYF77 on 19 Dec 2012

Attached Image

If you think that the global economy is on its way to recovery, think again. Cumulative car sales in the European Union (EU) from January to November 2012 have fallen to a 19-year low. It dropped 7.2 percent to 11.7 million units, the lowest figure since 1993.

Attached Image

The decline was propelled by a 10 percent plunge in November. The European Automobile Manufacturers' Association expects a full-year market contraction to about 12 million cars, the fewest cars sold in Europe since 1995.

Below are the November statistics of some of the affected car makers:

Renault: -27.4 percent

PSA Peugeot Citroen: -16 percent

GM (Opel, Vauxhall, Chevrolet): -13 percent

Ford: -10.2 percent

VW: -2.5 percent

However, BMW and Mercedes managed to buck the market trend and recorded sales growth of 0.4 percent and 1.5 percent for November respectively. Perhaps, workers in Fiat and Peugeot should start looking for job opportunities with the two German car makers as their companies have announced plans to cut 1,500 jobs each.

sales report, discussions and 11 more...

Viewed: 1,258 times

Related Blog Posts
Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.

Car Makes

Please select a car make

Facebook Likes
   Featured Blog Post
Formula 1 has announced grid girls will become a thing of the past after months of debate. The ru...
Well-respected motor journalist Chris Harris takes the Tesla Model S P100D for a spin finally. Wa...
Foreign vehicles with dark window tints will not be allowed to enter the country effective immedi...
Toyota has released images of its new facelifted Alphard and Vellfire over the christmas weekend....
This 421km/h Nissan 300ZX is up for sale by BH Auction in Japan. Set to go on sale in January, th...
Porsche Museum has showed off its latest collection,the 1964 901 No.57. Only 82 units were produc...
   Lifestyle Articles