European Car Sales Fall 5 Percent in August

European car sales fell 5% in August compared to the same month last year according to the European Auto Manufacturers’ Association (EAMA).

In total 653,872 new cars were registered in August.

The UK was the only major market to show growth, up 10.5%.

France’s Peugeot saw the biggest decline, sales fell 18%, while Europe’s biggest car maker, Volkswagen saw an 11% fall in sales and BMW posted a 9.9% rise in August.

The figures relate to the 27 countries in the European Union plus those in the European Free Trade Association.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza