36548
European Car Sales Rise 6% in Jan.
Economy, Auto

European Car Sales Rise 6% in Jan.

European car sales rose 6.3% to 1.09 million vehicles in January, industry data showed, even as Volkswagen Group saw registrations of VW-brand cars fall 4% in the wake of the automaker's emissions scandal.
VW rivals Ford and Opel/Vauxhall posted gains of 11.4% and 12.4%, respectively, as the diesel-emissions cheating scandal weighed on VW's European sales for a fifth consecutive month. Competitors appear to be targeting VW. Fiat dealers in Germany offered rebates averaging 14.4% off the sticker price, making the brand the top discounter in VW's home market, according to trade publication Autohaus PulsSchlag.
Ford was third with discounts of 13.7%. The industry-wide average was 12.1%, up 0.2% points from a year earlier.
VW brand’s sales last month dropped 8.8% in Germany and 14% in the UK while stagnating in Spain, where demand grew 12%, according to local industry figures.
Seat, another VW brand affected by the diesel scandal, posted a 17% plunge in Spain, the division’s home market.
VW brand's market share in the EU and EFTA region dropped to 11.7% last month from 13.0% a year earlier, according to data released by the industry association ACEA.
Sales at VW Group, which includes luxury brands Audi and Porsche as well as the mass-market Skoda marques, rose 1%. Europe-wide increases of 14% at Audi and 6% at Skoda offset declines of 8.8% of Seat and 5.5% of Porsche.
VW Group accounted for 24.3% of European car sales last month compared with 25.6% a year earlier.
Registrations at PSA Peugeot Citroen, Europe's No. 2 automaker after VW, increased by 3.7%. No. 3 Renault saw registrations of its Renault and Dacia brands rise by 1%.
Fiat Chrysler Automobiles' volume jumped 15%, led by a 33% gain in Jeep sales and a 14% rise in Fiat registrations.
Most Asian brands had a good month, except Nissan whose volume fell by 4.6%. Kia's registrations rose 13% while Hyundai brand sales gained 9.1%. Toyota and Lexus sales were up 2.2%.
Jaguar Land Rover led gains at premium brands with registrations rising 53%, boosted by a 160% gain in Jaguar's volume. Daimler's Mercedes-Benz and Smart brands had a combined gain of 9.4%. BMW and Mini's combined registrations were up 4.8 %. Volvo's volume jumped by 4.7%.

 

Short URL : http://goo.gl/JleW8N
  1. http://goo.gl/c5JQXE
  • http://goo.gl/9zzebi
  • http://goo.gl/6LyJeK
  • http://goo.gl/Wu7o3P
  • http://goo.gl/M6tTnH

You can also read ...

Iran Petrochemical Revenues at  $5.5 Billion in Six Months
Iran exported $5.57 billion worth of petrochemical and polymer...
Calm Housing Market Forecast for Tehran in Fiscal H2
The Iranian housing sector, which has just entered a pre-boom...
OIC is an international organization consisting of 57 member states.
The countries of the Organization of Islamic Cooperation...
Private banks and non-bank credit institutions held the biggest share of foreign assets among Iranian financial institutions.
The total value of Iranian banks’ foreign assets by August 22...
Iran Fortifies Ties With IDB, Malaysia
Minister of Economic Affairs and Finance Masoud Karbasian met...
Ahmad Araqchi (R) meets Alexey Tyupanov
The Central Bank of Iran has signed an agreement with the...
In Iran, import tariffs on apparel are set at 55%, apart from a 9% value-added and an additional 4% tax.
About 1,840 tons of apparel worth close to $22.75 million were...
Border With Iraq’s Kurdistan Closed at Baghdad’s Request
Iran has shut its border crossings with the Iraqi Kurdistan...

Trending

Googleplus