Oman Observer

European car sales rise amid volume brand slump

FRANKFURT: European new car registrations rose 2.1 per cent in February, even as large markets like Germany and volume brands like VW, Opel, Vauxhall and Peugeot posted lower sales, the Association of European Carmakers said on Thursday.
Car sales in the European Union and the countries of the European Free Trade Association reached 1,114,443 vehicles last month thanks to 6.2 per cent rise in sales in Italy, a 15 per cent increase in the Netherlands, and a 0.2 per cent gain in demand for cars in Spain.
Large markets including Germany, France and Britain saw sales fall 2.6 per cent, 2.9 per cent and 0.3 per cent respectively in what is traditionally a slow sales month. — Reuters