ACEA, the European OEM trade group, report that sales of passenger vehicles in Eastern and Western Europe plunged 26% in November from a year earlier, marking the seventh consecutive monthly decline.
– Per countries
Spain (-50%), the U.K. (-37%), Italy (-30%), Germany (-18%) and France (-14%). Demand also dropped 23% in November in the developing markets of Eastern Europe, which had been the region’s engine of growth until recently.
– Per car makers:
The biggest losses were posted by Chrysler (-55%), GM (-38%), Honda (-34%), Toyota (-34%) and BMW (-31%) and PSA (-27%)
The region’s sales through the first 11 months of this year were 13.8 million, down 7% from the same period in 2007.