New car sales in France and Spain rose last month, but in Italy, Europe’s fourth-largest car market, they fell 2.9% showing mixed signs for the European market.
Raising hopes that the worst is over for a western European auto market reeling from slumping demand, September auto sales in France grew to over 142,000 vehicles, as a 19% sales surge for the Renault brand more than offset 6-7% declines at French rival PSA’s Peugeot and Citroen brands. Also, after the country’s highest administrative court ordered the government to lift its sales ban on Mercedes-Benz the sales of the luxury brand jumped almost 40% on pent-up demand.
Separately, Spain’s auto industry group Anfac said that new car sales in the austerity-hit country jumped 29% to over 45,000 cars last month, helped by government subsidies and one extra working day this year.
“The market last month should not be taken as a reason to celebrate, but could be seen as a sign that we’re starting to get some breathing room,” said Juan Antonio Sanchez Torres, President of vehicle showroom and sales association Ganvam, in an Anfac statement.
Sadly, new car sales in Italy, one of the worst performing major European markets, fell 2.9% in September from the same month a year ago to 106,363 vehicles, according to the country’s Transport Ministry. Unlike France and Spain, Italy extended the losing streak that started two years ago.
by Aurel Niculescu
) - Wednesday, October 2nd, 2013 - filed under Industry
, Sales Reports
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Discuss: September sales: France and Spain show signs of recovery, Italy still falling