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Volkswagen (VOWG_p.DE), PSA Group (PEUP.PA) and Renault (Renault) (RENA), the three largest automakers in the region, reported a 0.3% fall in European car sales in October, according to industry data released Thursday. PA) decline in the top.
European Association of Automobile Manufacturers issued a notice that in October the EU member states plus Iceland, Norway and Switzerland, a total of 1.14 million car sales.
PSA Group car sales fell 7.4%, Citroen brand car sales fell 8.9% dragged down, Peugeot brand car sales fell 4.6%.
Reynolds group car sales fell 2.1%, Volkswagen sales fell 1.8%, mainly due to the core Volkswagen brand car sales decreased 7.8%.
October car sales data dragged down the performance of the European car market this year. From January to October, auto sales increased 6.9% over the same period last year.
According to data released earlier this month by France and Germany, the decline in demand for cars between the two countries prompted LMC Automotive, the forecasting agency, to cut its full-year forecast for Western Europe.
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