European car sales rise in Feb

Dhaka,  Fri,  21 July 2017
Published : 16 Mar 2017, 15:24:36
printer

European new car registration rise 2.1pc in February

European car sales rise in Feb
European new car registrations rose 2.1 per cent in February, the Association of European Carmakers (ACEA) said on Thursday, reports Reuters.

European car sales rose in last month, even as large markets like Germany and volume brands like VW, Opel, Vauxhall and Peugeot posted lower sales.

The sales in the European Union and the countries of the European Free Trade Association reached 1,114,443 vehicles last month thanks to 6.2 per cent rise in sales in Italy.

Car sales increased 15.0 per cent in the Netherlands, 0.2 per cent gain in demand for cars in Spain.

Large markets including Germany, France and Britain saw sales fall 2.6 per cent, 2.9 per cent and 0.3 per cent respectively in what is traditionally a slow sales month.

Volkswagen's VW brand saw February sales fall 7.0 per cent, while Peugeot saw sales drop 3.7 per cent and Opel/Vauxhall recorded a fall of 1.2 per cent in deliveries.

Among the top gainers was Fiat, with an 8.3 per cent sales rise and Renault, which saw a 5.3 per cent increase in registrations.

Among the premium brands, Mercedes-Benz recorded a 3.4 per cent sales gain, outpacing rival Audi, which saw a 2.2 per cent rise, while rival BMW saw registrations fall by 0.5 per cent, ACEA figures showed.

While demand for passenger cars in the European Union alone increased only modestly by 2.2 per cent, the 1,078,503 registrations comes close to February 2008 levels, just before the economic crisis hit, ACEA said.
ADDRESS
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2017. All rights reserved
Powered by : orangebdlogo
close