New car sales have dropped by nearly 10% in February, hitting mainstream European manufactures the hardest.
Epic losers in the worst single month for European sales since Autumn 2010 were PSA Peugeot-Citroën, Opel/Vauxhall, Renault, Fiat S.p.A, Suzuki, and Mazda. On the astir were Mini, Chevrolet, Mercedes, Kia, Jaguar, and Land Rover, all making remarkable sales gains.
In the first two months of this year, Renault sales plunged by 28.5% to 129,455 units and Opel/Vauxhall were down 20.3% to 113,554 units. In addition, Peugeot and Citroën were down by 18.3% (125,525) and 12.8% (111,650), respectively.
Jeep was the only firm to see the largest gain in February, with sales increasing 57.3% from 2,674 units to 4,206 units. Land Rover and Jaguar sales continue an upward trend, with the latter soaring by 54.5% to 13,779 units. The latter posted a respectable 10.5% increase in sales.
Other sales winners include Mini with 9.9%, Kia, Hyundai, and Chevrolet, posting 30%, 11.7%, and 22% gains, individually.
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