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European car sales sink for 5th straight month

European car sales sink for 5th straight month
Business
The European Automobile Manufacturers Association said Friday that new car registrations in February totalled 1.114 million, down 1 per cent from 1.125 million a year earlier.

The Brussels-based association says car sales showed a slight recovery in Germany, France and Britain. They fell by nearly 9 per cent in Spain and by 2.4 per cent in Italy.

Sales at Porsche plunged 44 per cent and Audi slipped by 7 per cent.

Volkswagen Group sales were down by 0.7 per cent, though the mass-market VW brand showed a 3.5 per cent increase.

French carmakers PSA Peugeot and Renault both bucked the trend with increased group sales, while Italian-American carmaker FCA Group posted a 5 per cent decline.
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