Ford, Fiat and Toyota lead the European car-sales slump

Article by Christian Andrei, on December 15, 2010

Ford Motor Co., Fiat S.p.A. and Toyota Motor Corp. are leading a decline in European car deliveries as fallout from 2009's government incentives curbed recovery in Europe's largest markets. Brussels-based industry association ACEA said that registrations fell 6.5 percent to 1.11 million cars in November 2010 from 1.18 million a year earlier.

Eleven-month sales dropped 5.1 percent to 12.7 million cars. Fiat group sales including the Lancia, Alfa Romeo and Fiat brands fell nearly 24 percent to 74,195. Toyota posted November's second-biggest sales decline, with a 20 percent drop to 44,670 registrations.

Ford was third with a 15 percent slide to 85,856 cars. The region's biggest carmaker, Volkswagen AG, posted a 5.2 percent decline to 235,614 vehicles. The recovery in eastern European markets helped General Motors Co. and Hyundai Motor Co. to post gains in November 2011.

Hyundai posted a 6.4 percent increase to 30,087 sales, lifting its market share so far in 2010 by 0.2 percentage point to 2.6 percent, while GM's registrations for Opel/Vauxhall and Chevrolet grew 4.2 percent to 98,319 with Opel's volume up 6.5 percent and Chevrolet sales rising 3.6 percent.

An Opel spokesman said the new Meriva minivan and strong sales for the Astra compact and Insignia large car helped bolster Opel's November 2010 growth. [via autonews - sub. required]

Topics: fiat, ford, toyota, europe, sales

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