European new car registrations fell for the 14th consecutive
month in November, declining faster than in October, the European
Automobile Manufacturer's Association said Friday.
The number of new car registrations in November fell 10% on the
year to 965,918 in the countries of the European Union and the
European Free Trade Association. In the January-to-November period,
registrations fell 7.2% on the year-earlier period.
The sales slump in November was particularly significant in
France and Italy, with declines of almost 19% and more than 20%,
respectively. Sales in Germany fell 3.5%. By contrast, in the U.K.
registrations jumped 11% on the year.
Renault S.A. (RNO.FR) recorded a sharp decline of 27% in
registrations. New car registrations of Ford Motor Co. (F) fell 10%
in Europe and those of General Motors Co. (GM) by 13%.
The Volkswagen AG (VOW.XE) group remained the best-selling car
maker in November, although new registrations fell 2.5% to
248,690.
Hyundai Motor Co. (005380.SE) was the only car maker to record a
significant percentage increase in November with registrations
rising 7.1% on the year. BMW AG (BMW.XE) posted a 0.4% increase in
registrations.
The data doesn't include Malta.
Write to Tapan Sharma at tapan.sharma@dowjones.com
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