European car sales fell at slower rate in 2013

PSA Peugeot Citroen factory PSA Peugeot Citroen saw its new car sales fall 8.4% in 2013

Related Stories

New car registrations in the European Union fell 1.7% in 2013, largely thanks to a sales slump in Italy and France.

The European Automobile Manufacturers' Association (ACEA) said 11.85 million new cars were sold across the region, about 200,000 fewer than in the previous year.

But the decline was much less than the 8.2% fall recorded in 2012 - the sector's worst result for 18 years.

Italy's new car sales fell 7.1%, while France's fell 5.7%.

Struggling French manufacturer PSA Peugeot Citroen continued its decline, with sales falling 8.4%. But Renault bucked the French trend, achieving a 4.4% rise in sales.

Italy's Fiat, which recently took over US number three carmaker Chrysler, suffered a 7.1% fall.

Even Germany, the EU's strongest economy, saw sales slide 4.2%, says the ACEA.

By contrast, the UK was buoyant, with sales rising 10.8%, boosted in particular by a strong performance from Tata-owned Jaguar Land Rover.

On Monday, the luxury car maker, which has plants in the West Midlands and Merseyside, reported record sales for 2013 with 425,000 cars sold worldwide.

Mazda also performed strongly across the EU, with sales rising 16.1%, the ACEA said.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

BBC Business Live

  1.  
    MARKETS 06:27: BBC Radio 4

    Today is looking at why stock markets are at a 52-week high when the political situation around the world is so dire - there's the threat of war in Europe and conflict in the key oil producer Iraq. Ewen Cameron Watt, chief investment strategist at Investment Institute of giant asset manager BlackRock says: "At this stage in the summer months the thought that Russia might affect sending gas to Europe is not a worry. [Energy stocks] are about 90% of capacity."

     
  2.  
    BANKING COMPLAINTS 06:12: Radio 5 live

    More from the Financial Ombudsman's Caroline Wayman. Fee-paying bank accounts are the cause of the increase in complaints about banking, she says. "People are getting in touch saying they didn't know they had a fee paying account or want one." People are "more aware but we see a lot of people who are reluctant to raise concerns," when coming forward to the service, she says. There are also more complaints about payday loans, but from a low starting point she says.

     
  3.  
    BANKING COMPLAINTS 06:02: Radio 5 live

    Caroline Wayman, chief executive of the Financial Ombudsman Service is on Wake Up to Money talking about complaints about banks. Complaints about payment protection insurance have fallen by almost a third, but complaints about other things in banking are up: "Still a lot of people get in touch, more than 1,000 people a day," she says. "We've had to expand a lot."

     
  4.  
    06:01: Howard Mustoe Business reporter

    Morning! Get in touch via email bizlivepage@bbc.co.uk or via twitter @BBCBusiness

     
  5.  
    06:00: Rebecca Marston Business reporter, BBC News

    Good morning and welcome to Tuesday's Business Live. Stick with us for the pick of the morning's news.

     

Features

  • Women doing ice bucket challengeChill factor

    How much has the Ice Bucket Challenge achieved?


  • Women in front of Windows XP posterUpgrade angst

    Readers share their experiences of replacing their operating system


  • Members of staff at James Stevenson Flags hold a Union Jack and Saltire flag UK minus Scotland

    Does the rest of the UK care if the Scots become independent?


  • Ernest Hemingway, as war correspondent, travelling with US soldiers to Normandy for the D-Day landingsAbandoned hero

    Why Paris is forgetting Ernest Hemingway


BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.