iQuote Motor Trade Insurance - European New Car Sales Falling in Q1
There is a bleak outlook for car sales in Europe, which have fallen in Q1 - however some manufacturers such as Alfa Romeo have bucked this trend and report strong growth.
Published 2011-04-27 · Original archive entry · Explore research explainers
KENT, ENGLAND, April 27, 2011
The Europe wide figures for new car sales across Europe fell by nearly 2 percent in the first quarter of the year. Whilst some countries experienced an increase a number of factors, including economic troubles in Portugal and Greece contributed to the overall reduction. Within the top five markets: Spain, Italy and Great Britain all experienced negative retail figures for new car sales.Whilst this is gloomy news for much of the Motor Trade (particularly within the UK), there have been some brands that have bucked the trend. Alfa Romeo sales have increased 60 percent within the year to date, much of this change has been attributed to new models such as the Mito and Giulietta - which have provided unprecedented recent success for the brand.
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