Europe car sales sink for 7th straight month
|CTVnews 17 Apr 2019 at 02:56|
In this Wednesday, May 8, 2013 file photo, a row of new 2013 Ford Fusions are on display at an automobile dealership in Zelienople, Pa. (Keith Srakocic/AP, File)
Published Wednesday, April 17, 2019 5:40AM EDT
MILAN -- New car sales in Europe are continuing to fall for the seventh straight month, dropping by 4 per cent in March.
The European carmakers association ACEA, based in Brussels, said 1.72 million new cars were sold last month, down from 1.79 million in March 2018. Italy led all five top markets in decline, with a double-digit drop.
The Volkswagen group gained market share, capturing 23.2 per cent of sales with a mild 1-per cent drop. Shares of its luxury brands were mixed, with Audi up by 1.7 per cent and Porsche plummeting 19 per cent.
French carmaker Renault was alone among mass carmakers in increasing sales, up 2 per cent, on the strength of its lower-priced Dacia marquee.