European car registrations fell 6.3% in June 2013

Article by Anita Panait, on July 16, 2013

Passenger car registrations in Europe dropped 6.3 percent in June 2013 to a two-decade monthly low. Among those who suffered the drop were Volkswagen, Opel, Fiat and PSA/Peugeot-Citroen. Not all carmakers, however, succumbed to sales decline in June in Europe. Ford Motor Co. managed to gain almost 7 percent and the Dacia brand grew 16.4 percent while VW Group's Seat brand rose nearly 11 percent.

Industry association ACEA said in a statement that registrations in the European Union and EFTA markets dropped to 1.18 million vehicles in June 2013 from 1.25 million cars in the same month in 2012. The decline in June made it more unlikely for vehicle sales in Europe to stage a recovery this year, although some industry watchers insist that there were signs that the market is stabilizing.

Carlos Da Silva, IHS Automotive's head of European light vehicles sales forecasts, remarked that the figures posted in June confirmed a slowdown in the rate of decline evident since March/April. He said that sales have started to bottom out, but have yet to start to recover.

Da Silva expects sales in the second half of 2013 to continue to fall, but possibly at a slower rate. He quipped that Europe remains "a dreadful zone" for most carmakers in the second half of 2013. Commerzbank analyst Sascha Gommel told Automotive News Europe that the region is still a weak car market, adding recovery would not be expected in the second half of 2013, but “a stabilization at a low level.” [source: automotive news - sub. required]

Topics: europe, sales

If you liked the article, share on:

Pin It

Comments

Recommended

South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Last year was probably Porsche’s best year ever in terms of sales. Their factory in Stuttgart delivered 237,778 cars in total, which represents a six percent increase compared to the...
by - March 26, 2017
Lamborghini has disclosed that it is looking into the possibility of releasing electric vehicles. With the Volkswagen Group revealing that it will be releasing electric vehicles within several years, there...
by - March 25, 2017
Daimler AG, through its Smart division, has disclosed that its two electric models, the Smart ForTwo and the Smart ForFour are now open for orders in Germany. Official market launch...
by - March 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries