Europe's consumers reluctant to buy cars, figures show
Thursday 07 July 2011
Europe's consumers have all but stopped buying new cars, according to figures released this month.
The UK carmakers' association SMMT said July 6 that June demand among British buyers fell 6 percent, following a similar trend set by nearly every major European nation this month.
A total of 183,125 units were sold in Britain in June, according to the figures, with the Ford Fiesta and Ford Focus the country's most popular.
It was a similar story in France, which saw demand fall by 12.6 percent year-on-year, the third consecutive fall and a particularly bad month for Renault, which saw a sales drop of 26 percent.
In Spain, consumers bought even fewer cars - sales were down 31.4 percent and the average age of a car on the Spanish roads is now 10 years, above the European average of seven years.
Italian sales fell by 1.7 percent and only German consumers managed to provide a glimmer of hope - although even they could only manage to buy the same number of cars as in June 2010.
Figures from the country, Europe's largest car market, showed that demand for foreign-built cars fell by six percent, cancelling out a two percent rise in the demand for German-brand models.
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