Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Nissan, Ford led March European car sales decline

Published 04/17/2019, 02:05 AM
Updated 04/17/2019, 02:05 AM
© Reuters. FILE PHOTO: People walk by a Ford Escape SUV displayed during the media day for the Shanghai auto show in Shanghai

© Reuters. FILE PHOTO: People walk by a Ford Escape SUV displayed during the media day for the Shanghai auto show in Shanghai

PARIS (Reuters) - European car registrations fell 3.6 percent in March, the main regional industry group said on Wednesday, with Nissan and Ford showing some of the biggest sales declines.

Registrations in the EU and European Free Trade Association (EFTA) countries dropped to 1.77 million cars last month from 1.84 million a year earlier, the Brussels-based Association of European Carmakers said.

The auto industry is facing a downturn in European demand just as it struggles to make drastic cuts to average fleet carbon dioxide emissions, or face massive fines.

Nissan deliveries were down 29.4 percent in March, broadly in line with their decline for the first quarter as a whole, as the Japanese brand reins in less profitable sales to car rental firms and other heavily discounted channels.

Ford, which is restructuring its European operations to address a weak European performance and the looming regulatory emissions hurdles, saw March registrations drop 15.5 percent.

Sales of Mercedes maker Daimler tumbled 14 percent, while Fiat Chrysler's sales fell 11.7 percent.

Overall, European registrations for the first quarter fell 3.2 percent, the association said.

© Reuters. FILE PHOTO: People walk by a Ford Escape SUV displayed during the media day for the Shanghai auto show in Shanghai

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.