European Car Sales Rise 3% In Oct.

Volkswagen Group limited the effect of its emissions scandal in October with its European sales declining by just 0.8 percent in a total market where volume rose by 2.7 percent.

Industrywide passenger car registrations in the EU and EFTA markets increased to 1.14 million vehicles, the European automakers association ACEA said today in a >statement

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October's increase marked the 26th consecutive month of growth in the region but at a slower rate than in the preceding months, although last month's figures were for one fewer selling day than in the same month last year.

VW brand sales dropped by 0.4 percent last month. The group's other mass-market marques had a bad October with Skoda sales down 2.9 percent while Seat's volume fell by 11 percent. However, a 3.5 percent rise in Audi sales and 13 percent increase in Porsche sales helped the group.

VW Group remained Europe's biggest automaker by a wide margin but its market share declined to 25.2 percent from 26.1 percent a year earlier.

PSA/Peugeot-Citroen, Europe's second-largest automaker with a 10.5 percent share, saw its registrations fall by 1.5 percent as a 2.3 increase at the Peugeot brand failed to offset a 6.2 percent decline at Citroen.

Renault Group's volume rose by 0.4 percent with Renault brand up 0.9 percent and Dacia down 3.8 percent.

Ford's registrations increased by 1.8 percent while sales at rival General Motors' Opel/Vauxhall unit fell by 2 percent.

A 70 percent rise in sales at the Jeep brand, boosted by the Renegade subcompact SUV, helped to push Fiat Chrysler Automobiles' sales up by 7.7 percent. The Fiat brand had a good month with volume up 8.6 percent.

Among Asian brands, Nissan sales fell by 4.1 percent and Toyota brand sales were down 4.2 percent. Hyundai sales increased by 4.4. percent and Kia's volume was up 8.4 percent.

Mercedes-Benz brand gained 11 percent and BMW brand was up 13 percent.

  • Download PDF, above right, for full October and 10-month European sales by automaker, brand and country.

Because car deliveries typically occur several weeks after purchase decisions, the full impact on VW Group of its emissions scandal, which erupted in September, is expected to become more apparent in November registration figures.

Source : http://europe.autonews.com/article/20151117/ANE/151119892/european-car-sales-rise-3-in-oct

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