Publications
Partners
Milan - Earlier in November, Wheels24 reported South African new car sales suffered a substantial decrease, October sales contracted by over 10% compared to the same month in 2015.
A report says car sales in Europe have contracted, albeit only slightly, for the first time since rebounding from the industry's longest-ever slump.
First decline since 2012
The European auto manufacturers' association, ACEA, reported Thursday (November 16) that car sales declined 0.02% in October to 1.1-million units. That was the first October sales decline since 2012, during the industry's six-year crisis.
More: Top-selling vehicles sales in SA: Ranger, Polo lead the way
Sales were down in two of the top markets, dropping by 5.6% in Germany and 4% in France. Italy grew by nearly 10% while Spain was up by 4% and Britain up by a modest 1.4%.
Among mass-market carmakers, Fiat Chrysler showed a healthy 7% growth, while larger competitors Renault, PSA Peugeot and Volkswagen all contracted. Luxury carmakers BMW and Daimler had boosts.