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Luxembourg car sales bounce back
Economics

Luxembourg car sales bounce back

16.10.2013 From our online archive
Car sales in Luxembourg bounced back last month, with the number of cars sold rising 24 percent compared with August.

Car sales in Luxembourg bounced back last month, with the number of cars sold rising 24 percent compared with August.

While sales rose and 3,158 vehicles were sold, according to STATEC, the number of new cars being registered fell 5.45 percent in comparison to September 2012.

In the EU, new car registrations also recovered last month, rising 5.4% in September after falling 5% the previous month. The month of September 2012 , however, was the worst ever recorded.

In all, 1.16 million units were registered in the 27 EU countries (excluding Malta for which data was not available).

Most of the largest car manufacturers took advantage of the market upturn . Europe's number one, Germany's Volkswagen Group, sold 5.4% more cars.

French brand Renault jumped 22.2% through its low-cost subsidiary Dacia ( +40.7 %) but also the diamond brand ( 17.5 %). Its national competitor PSA Peugeot Citroën saw sales drop 2.9 %, as did Italian manufacturers Fiat (-3.4 %).

US General Motors and Ford saw registrations increase by 5.3% and 5.5%. Over nine months, new car registrations in the EU remain down 3.9 % to 9,000,000 units and the UK is the only market which is growing.

Translated from AFP