Car sales continue to drop in August in Europe

Article by Christian A., on September 5, 2012

Mass-market brands suffered the most as the monthly new-car registrations in Germany, France and Italy had decreased once again in August. German sales in August declined by 4.7% to 226,500 registrations, according to preliminary data from the VDIK importers association. Meanwhile, the CCFA industry association said that sales in France fell 11% to 96,115 cars.

This is the tenth straight month that car sales decreased. Automotive think tank Promotor said that in Italy, sales fell by 20% to 56,447 units, a level that was last observed in 1964. This is actually the ninth straight double-digit drop in the market. In the first eight months, the new-car orders in Italy have dropped by 22% to 921,000. In the same period, its registrations have fallen by 20% to 981,000 units.

The decline in August forced Promotor to lower its prediction for the full year to 1.370 million units from the 1.379 million previously. This represents a drop in its outlook of over 1.4 million units at the end of June. In a statement last Monday, Jacques Bousquet, President of Italy's car industry association UNRAE, said that it will be hard to observe any recovery signs when there’s no intervention to help increase the purchasing power of families through tax reductions and a relaunching of consumption.

In August, Spanish car sales increased by 3.4% as customers hastened to complete purchases and surpass a sales tax hike in September. The market increase in Spain was its first in the past seven months. The ANFAC automakers' association said that about 10,000 consumers made purchases they would otherwise have made later.

This hints that later this year, the market would be more challenging. Spanish car dealers' association Faconauto said that September and October will be a "disaster.” A spokesman said that sales are likely to experience a steep drop unless automakers make even more significant discounts.

If you liked the article, share on:

Comments

Recommended

Here are some things that potential buyers of the Ford F-150 and Ford Expedition could look forward to for the 2018 model year. The 2018 models of the F-150 pickup...
by - August 15, 2017
We first saw the McLaren 720S earlier this year when it made its debut at the Geneva Motor Show, and we all agree that it is a beautiful car. But...
by - August 15, 2017
It has been six years since Lexus introduced the current generation of the CT 200h hybrid. For the 2018 model year, the current CT 200h lives through with some minor...
by - August 15, 2017
What happens when an auto company finds that a certain offering is not selling enough to make a good business case? Continuing to build and sell such vehicle would only...
by - August 14, 2017
It looks like that Audi is in the final stages of finalizing its new Audi Q8 sports utility vehicle. While the German premium carmaker has yet to reveal the looks...
by - August 14, 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