Nissan, Ford, FCA lead European car sales decline

By Kitco News / April 18, 2018 / www.kitco.com / Article Link

PARIS (Reuters) - European car registrations fell 5.2 percent in March, led by Nissan (7201.T), Ford (F.N) and Fiat Chrysler (FCHA.MI), according to data published on Wednesday by auto industry association ACEA.

Sales fell to 1.84 million cars last month across the European Union and European Free Trade Area, paring first-quarter growth to 0.6 percent, the Brussels-based group said.

“Momentum is starting to slow in some markets and especially in the United Kingdom,” ACEA said in a statement.

Nissan’s sales tumbled 16.3 percent last month, with Ford down 14.6 percent and Fiat Chrysler 8 percent lower as the Fiat brand sagged 12 percent, more than offsetting a 42 percent surge in Jeep sales.

Volkswagen Group (VOWG_p.DE) sales were little changed, while Renault (RENA.PA) fell 3.2 percent. PSA Group (PEUP.PA) recorded a 1.4 percent gain for its Peugeot unit and a 3.7 percent decline for Citroen.

Reporting by Laurence Frost, editing by David Evans

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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