European car sales fell 4.6% in January, Spain and Italy fell the most

[Global Network comprehensive report] According to the Associated Press reported on February 15, the European Automobile Manufacturers Association announced that European passenger car sales in January fell by about 4.6% year-on-year, with the most significant decline in Spain and Italy.

Among the EU automakers, the German Volkswagen Group’s sales fell by 6.5%, but still occupy 24% of the market share, its dominant position has not wavered; Fiat Chrysler’s car sales fell by 15%; France’s PSA Peugeot Citroen fell 2%, Renault fell 0.7%; Daimler’s sales fell 1.3%; BMW fell 2.7%.
Among EU countries, the reduction in demand for cars in Spain and Italy is most pronounced. Spanish car demand fell by 7.5%, while Italy was 8%.
Although the data has declined, the overall sales of the car is still very impressive. The European Automobile Manufacturers Association said on February 15 that the total number of cars sold in the EU in January was 1.2 million, the second highest in the same period in the past decade, compared with 1.25 million in the same period last year.