European auto sales down again, but the end could be in sight
Monday 06 December 2010
Car sales fell across Europe in November, figures released by European automakers' associations in December have shown.
Consumers bought fewer cars last month than they did in November 2009 when scrappage schemes were in force across much of the continent, although the severity of the falls is now declining in some countries.
Spanish car sales fell 25.5 percent, said Spanish carmakers' association ANFAC, the worst fall of the major European markets.
Italy didn't perform much better, seeing a 21 percent decline, with Italian trade body UNRAE predicting that some 200,000 fewer cars would be sold in 2010 than in 2009.
Major markets in Northern Europe also posted declines, although they fared better than many analysts expected, raising hopes that a brighter times could be ahead.
Figures released November 6 showed that British sales were down by 11.5 percent, a better-than-expected figure which led carmakers' association SMMT to predict a total gain of two percent for the full year of 2010.
French carmakers' association CCFA said French car sales dropped 10.8 percent, also less than expected, while German car sales fell 6 percent.
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