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Nissan, Ford, FCA lead European car sales decline

Published 04/18/2018, 02:09 AM
Updated 04/18/2018, 02:10 AM
© Reuters. FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan
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PARIS (Reuters) - European car registrations fell 5.2 percent in March, led by Nissan (T:7201), Ford (N:F) and Fiat Chrysler (MI:FCHA), according to data published on Wednesday by auto industry association ACEA.

Sales fell to 1.84 million cars last month across the European Union and European Free Trade Area, paring first-quarter growth to 0.6 percent, the Brussels-based group said.

"Momentum is starting to slow in some markets and especially in the United Kingdom," ACEA said in a statement.

Nissan's sales tumbled 16.3 percent last month, with Ford down 14.6 percent and Fiat Chrysler 8 percent lower as the Fiat brand sagged 12 percent, more than offsetting a 42 percent surge in Jeep sales.

© Reuters. FILE PHOTO: Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan

Volkswagen Group (DE:VOWG_p) sales were little changed, while Renault (PA:RENA) fell 3.2 percent. PSA Group (PA:PEUP) recorded a 1.4 percent gain for its Peugeot unit and a 3.7 percent decline for Citroen.

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