New drop in EU car sales recorded in October

Car sales dropped across Europe in October. — Picture courtesy of shutterstock.comCar sales dropped across Europe in October. — Picture courtesy of shutterstock.comLONDON, Nov 17 — A total of 959,412 cars were sold across the EU in October, according to the latest figures from the ACEA (European Automobile Manufacturers Association), which translates into a 4.8 per cent drop year on year. Over the first 10 months of 2012, car sales in Europe receded by 7.3 per cent.

The steepest declines in October car sales were recorded in the Netherlands (-38.4 per cent), Cyprus (-31.9 per cent) and Spain (-21.7 per cent), while French car sales went down 7.8 per cent. Some markets actually saw their sales increase, such as Denmark (+22.7 per cent), Hungary (+15.3 per cent) and Luxembourg (+13.5 per cent).

The steepest declines over the first 10 months of 2012 were recorded in Greece and Portugal, with respective drops in sales of 39.9 per cent and 38.3 per cent.

The brands that recorded the worse drops in sales in October were Renault (-25.5 per cent), Honda (-18.4 per cent), Mazda (-20.8 per cent) and Mitsubishi (-25.8 per cent). — AFP-Relaxnews