European new car sales log third straight monthly surge in November 2013

Article by Anita Panait, on December 18, 2013

New car sales in Europe surged for the third straight month in November, with demand for vehicles built from Volkswagen and Renault added to indications that the slump in the region is finally hitting cul-de-sac. Registrations in the EU and EFTA markets jumped 0.9 percent in November to 975,281 vehicles, industry association ACEA said in a statement.

The gains followed hikes of 4.6 percent in October and 5.5 percent in September. According to analysts surveyed by Bloomberg, the economy of the 17 countries using euro may expand this quarter. New vehicles that are helping increase sales in Europe include Volkswagen's Golf hatchback and Skoda Rapid Spaceback wagon, and Renault's Captur compact crossover.

"I hope and think" Europe's car market has hit bottom as "it's slowly stabilizing," Alfredo Altavilla, chief operating officer of Fiat's European operations, remarked.  He, however, said that recovery is "another story."

The European vehicle market is still on pace to post its sixth annual decline in a row, as carmakers overall logged a 2.8-percent drop in sales in the first 11 months of 2013 to 11.4 million cars.

Even with the three-month gain, sales remain close to the lowest since the ACEA started collecting numbers in 1990, according to Quynh-Nhu Huynh, the group's economics and statistics director.  She said in an e-mail to Bloomberg that except for November2013, "registrations recorded for every month this year were at the lowest level or second-lowest ever recorded to date."

Topics: europe, sales

If you liked the article, share on:

Comments

Recommended

Not a few agree that the Volkswagen Polo news a styling overhaul. While this supermini still looks good as it is now, the latest facelift was around three years. With...
by - April 27, 2017
They say that when the going gets tough, the tough get going. That’s what Harvey Payne did with his Chevrolet Bolt. Ever since he bought it, it had been experiencing...
by - April 27, 2017
What defines a coupe? Well, according to the dictionary, “it is a car with a fixed roof and two doors”. Ok, now that it is clear, when does one not...
by - April 27, 2017
Back in 2013 was when the first hot hatch was released, that was the original A45 by Mercedes-AMG, carrying a hand-built 2.0 liter M133 turbo mill. It was then then...
by - April 27, 2017
BMW dealers have a problem, a good problem. The demand for the 2017 BMW 5 Series is very high, they cannot attend to all the customers. But actually, supplies are...
by - April 27, 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