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EU car sales drop 6.6% in April

dpa logodpa 16/05/2017

EU car sales fell by 6.6 per cent in April, the European Automobile Manufacturers Association says.

New car sales in the European Union registered a year-on-year drop of 6.6 per cent in April to 1.19 million units, an industry group says.

In April, car registrations fell in four out of five major European markets, including a significant 19.8 per cent drop in Britain, the European Automobile Manufacturers Association (ACEA) said in its monthly bulletin.

Spain bucked the trend with a 1.1 per cent sales increase in April.

However, demand "remained positive" across the first four months of 2017, with 5.33 million vehicles sold overall and increases of eight per cent in Italy, 6.1 per cent in Spain, 2.5 per cent in Germany, two per cent in France and 1.1 per cent in Britain, ACEA noted.

Germany's Volkswagen Group maintained EU market leadership in January-April, with a 23 per cent share of sales. France's PSA and Renault remained second and third placed, with 10.1 and 9.9 per cent slices of the market respectively.

Fiat-Chrysler edged out Ford as the fourth-largest seller, with both carmakers taking 7.2 per cent shares, followed by the Opel Group on 6.4 per cent, BMW-Mini with 6.3 per cent and Daimler - which sells Mercedes and Smart cars - with six per cent.

New car sales are a closely watched indicator of economic health. In the EU, they fell sharply following the 2008 global financial crash, but have been rising steadily since September 2013, aside from a couple of months last year.

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