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Europe car sales in steep decline | Europe car sales in steep decline |
(about 5 hours later) | |
New car sales in Europe fell by 14.5% in October, the sixth monthly fall in a row, said the European carmakers' association, the Acea. | New car sales in Europe fell by 14.5% in October, the sixth monthly fall in a row, said the European carmakers' association, the Acea. |
Car sales in Ireland and Spain were the worst-affected, plummeting 54.6% and 40% respectively, in October. | Car sales in Ireland and Spain were the worst-affected, plummeting 54.6% and 40% respectively, in October. |
Even in the new EU member states, once a source of growth, overall sales fell 3.3%, despite a 12.3% rise in Poland. | Even in the new EU member states, once a source of growth, overall sales fell 3.3%, despite a 12.3% rise in Poland. |
With demand falling fast, manufacturers are temporarily halting production at some plants to cut their costs. | With demand falling fast, manufacturers are temporarily halting production at some plants to cut their costs. |
Brake on sales | |
In western Europe, the number of cars sold totalled 1,034,955, 15.5% lower than the same month last year. | In western Europe, the number of cars sold totalled 1,034,955, 15.5% lower than the same month last year. |
Austria was the only western European country which posted a growth in car sales - up 4%. | Austria was the only western European country which posted a growth in car sales - up 4%. |
The Spanish figures were the worst since 1995, while the UK and Italy saw sales drop more than 15%. | |
We want to safeguard the competitiveness of Opel in this globally difficult situation Hans Demantmanaging director, Opel | |
The decline was less steep in France and Germany, where registrations fell by 7.4% and 8.2% respectively. | |
Acea's cumulative figures for the European market, over January to October, show a fall of 5.4%, which has been blamed on the financial and economic crisis. | |
Figures show that the worst-hit manufacturer, with sales down 49.4%, was Chrysler. | Figures show that the worst-hit manufacturer, with sales down 49.4%, was Chrysler. |
General Motors saw sales drop 25.2%, while Volkswagen's sales figures had the smallest fall, down 7.6%. | |
State support | |
General Motors said that, because of difficult financial circumstances, it would seek governmental support in foreign countries where it has significant operations and holdings, such as Germany. | |
GM is demanding state aid from five German states where it manufactures its continental European brand, Opel. | |
"We want to safeguard the competitiveness of Opel in this globally difficult situation," said Opel managing director Hans Demant. | |
He said German politicians were prepared to consider prompt support measures. | |
General Motors added that the German state guarantees would only be used for product development and industrial facilities in the region and would not be used outside of Europe. |