Post Tagged with: "sales decline"

Read By

Hurricane Sandy damaged U.S. auto retail sales in October

Hurricane Sandy damaged U.S. auto retail sales in October

U.S. auto retail sales fell in October for the first time in three months as Hurricane Sandy prevented people from purchasing automobiles. According to the Commerce Department, sales fell 0.3 percent after a 1.3 percent increase in September. The decline partly reflected the impact from Hurricane Sandy, which hit the […]

Renault lowers 2012 deliveries target because of low sales

Renault lowers 2012 deliveries target because of low sales

Renault lowered its deliveries target for 2012 after sales in the third-quarter fell 13 percent, affected by Europe’s crisis. Renault sales fell to 8.45 billion euros ($10.95 billion) from July through September. The carmaker’s auto division revenue dropped 14 percent to 7.93 billion euros. “Despite solid development outside Europe, the […]

China posts first drop in auto sales in nine months

China posts first drop in auto sales in nine months

Chinese car sales declined in September as customers avoided Japanese brands following the territorial dispute between Beijing and Tokyo. On Wednesday, the China Association of Auto Manufacturers said sales of passenger cars fell 0.3 percent from a year earlier to 1.32 million vehicles. Other foreign and major Chinese manufacturers reported […]

Italy car orders drop 35 percent in the first ten days of September

Italy car orders drop 35 percent in the first ten days of September

Car orders in Italy slumped 35 percent in the first 10 days of September compared with the same period last year. Consumers were reluctant to enter showrooms because of the continued economic uncertainty, the president of the Italian foreign carmakers’ association UNRAE told Reuters. “The de-motorization trend continues. I think […]

Peugeot, Fiat post highest sales decline in Europe

Peugeot, Fiat post highest sales decline in Europe

PSA Peugeot Citroen, Fiat and General Motors lost the highest number of sales in Europe in five months amid the economic slowdown of the region. New-car registrations in November declined 3 percent to 1.07 million vehicles from 1.10 million in November 2010, the biggest decline since June, according to the […]

Gloomy forecast for Western Europe car sales in 2012

Gloomy forecast for Western Europe car sales in 2012

According to a prognosis by U.S.-based Center for Automotive Research, 2012 will see a massive slump in new car sales in Western Europe, by as much as 5.3 percent. The European debt crisis and the weakening economy will result in 5.3 percent decline in sales, says CAR director Ferdinand Dudenhoffer. […]