- Automobile sales in Europe rose 7.6% in February, according to the European Automobile Manufacturers' Association.
- France was the only major market to show a decline in sales during the month.
- Though sales momentum was strong across brands, analysts warn that the level of discounting was high enough to cut into profits in the sector.
- Sales growth by automaker: Volkswagen (VLKAY) +8%, Peugeot (OTCPK:PEUGY) +3.6%, Fiat (FIATY) +5.6%, General Motors (NYSE:GM) +12.6%, Renault (OTC:RNSDF) +11.7%, Daimler (OTCPK:DDAIF) +3.9%, Toyota (NYSE:TM) +6.2%.