European car sales sink for 5th straight month
|CTVnews 15 Mar 2019 at 05:20|
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.