Fiat, Toyota lead sales decline in Europe as Audi gains market share

Article by Christian A., on September 18, 2010

Sales of Fiat SpA, Ford Motor Co. and Toyota Motor Corp. in Europe have fallen for the fifth straight month due to the impact of the reduction or termination of government incentives. Notably, Volkswagen AG’s Audi luxury unit increased its market share.

The European Automobile Manufacturers’ Association said that registrations dropped by 12% to 731,503 vehicles in August from a year earlier. Deliveries from January to August have fallen by 3% to 9.3 million.

Fiat had a 24% decline, while Ford fell by 20% and Toyota slipped by 19%. Ian Fletcher, an IHS Automotive analyst in London, said that major markets are affected by a “high baseline last year and the withdrawal of the scrappage incentives.”

He said that carmakers expected this and are currently just “managing as best they can.” Sales of all five of the biggest markets of Germany, Italy, France, Spain and the U.K. have dropped in August.

The prediction of PSA/Peugeot-Citroen SA, Europe’s second-largest carmaker after Volkswagen AG, is that industry-wide European sales will decrease by 7% for the full year, after climbing by 0.6% in the first half.

On July 1, France’s incentive program was reduced to 500 euros for each traded-in car from 700 euros ($650) in the first half and 1,000 euros last year. August registrations in France dropped by 7.9% to 105,166 units. Peugeot sales in Europe plunged by 13% last month. [via autonews - sub. required]

Topics: audi, fiat, toyota, europe, sales

If you liked the article, share on:

Comments

Recommended

One of the executives at Volkswagen tagged in the so-called Dieselgate scandal has pleaded not guilty to a list of allegations surrounding the carmaker’s actions to cheat emissions regulations in...
by - February 27, 2017
When the Crown De Luxe saloon was first released in 1972, it was at that time the most lavish Toyota model available to British customers. Both unusual and exclusive, one...
by - February 27, 2017
The ride-sharing fleet of sharing Lyft Inc. will soon include thousands of specially fitted self-driving Chevrolet Bolt electric vehicles, courtesy of General Motors. If plans push through, Lyft’s clients would...
by - February 27, 2017
J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the...
by - February 26, 2017
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 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