European car sales continue recovery

European car sales rose for a second month in a row in October, climbing 4.6% on year to 1.04M registrations after a 5.5% gain in September.

However, registrations fell 3.1% in January-October, strengthening the likelihood that the market will fall for a sixth consecutive year in 2013.

The Spanish car market jumped 34.4%, while most other markets grew moderately, although Italy fell 5.6%.

Toyota (TM) +16.5%, Renault (RNSDF) +14%, Volkswagen (VLKAF) +5.7%, General Motors (GM) +6.2%, Daimler's (DDAIF) Mercedes-Benz +8.5%, and BMW (BAMXF) +0.3%.

However, Fiat (FIATY) -7.3%, Honda (HMC) -6.4%, Peugeot (PEUGF) -0.7% and Ford (F) -0.2%. (PR)

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Comments (1)
  • 508229
    , contributor
    Comments (9) | Send Message
    You didn't mention the two manufacturers who have bucked the negative trend this year with double-digit growth:
    1. Mazda: +55% in Oct. (+30% or more for the fourth straight month) and +16.3% YTD (passing Honda)
    2. Jaguar-Land Rover: +15.6 % in Oct. and +10.6% YTD.
    19 Nov 2013, 06:00 AM Reply Like
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