European Car Registrations Slip 1.4 Pct.
New car registrations in Europe dropped 1.4 percent in August as rising interest rates and fuel costs deterred some consumers from buying new autos.
Total new car registrations in August dropped to 886,824 vehicles, compared with 899,694 in the same month last year, ACEA, the European Automobile Manufacturers Association, said in a statement. Iceland posted the biggest decline with a slide of 23 percent; Lithuania posted the biggest increase of 70 percent.
Registrations in July fell 4.5 percent, the group said.
"With the same number of working days across Europe, this decrease reduced in August seems to be
influenced by general uncertainty about economic conditions," the ACEA said.
ACEA's survey covered the 25 members of the European Union, except Malta and Cyprus, and the four member states of the European Free Trade Association Iceland, Liechtenstein, Norway and Switzerland.
The group represents the 13 major European car, truck and busmakers in the European Union.
- 1 June retail sales fall less than expected
- 2 RBS gets Chinese approval for Suzhou stake
- 3 Auction-rate buybacks add to worries
- 4 Pound hits near 12-year low
- 5 T-Mobile sold more than 120,000 3G iPhones
- 6 Indias Infosys shares rally after Axon Group acquisition
- 7 Mortgage approvals hold near record low in July
- 1 Could $100 oil turn dumps into plastic mines?
- 2 Era of exclusive video game deals ending
- 3 Thousands of file-sharers face legal action
- 4 History shows sterling not heading off a cliff
- 5 Drug royalty financing thrives in difficult market
- 6 BoE's Bean warns global slowdown will "drag on"
- 7 Councils seek powers to offer mortgages
|
|
|
