German new-car sales down 10.5% in February
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FRANKFURT -- New-car sales in Germany fell 10.5 percent to 200,683 in February, the KBA federal transport agency said on Monday.
Europe's largest car market followed other major European markets in reporting sales declines last month as austerity-hit consumers avoided big-ticket purchases.
In France, registrations fell 12 percent to 143,366, the CCFA industry association said in a statement last week. The association trimmed its full-year market forecast, saying 2013 registrations would fall by 5 percent at best, compared with a "stable" outlook given at the start of the year.
Sales in recession-hit Italy, Europe's fourth-largest car market, fell 17.4 percent in February from the same month a year ago to 108,419 vehicles, Italy's Transport Ministry said on Friday, while deliveries in Spain dropped 10 percent to 58,373, car manufacturers' association Anfac also reported on Friday, despite support from sales subsidies of 2,000 euros ($2,700) per car reintroduced in October by the government and industry.
Last year, full-year sales in the EU plus Iceland, Norway and Switzerland declined 7.8 percent to 12.5 million, the lowest level since 1995.
You can reach David Jolley at djolley@crain.com.
