European car sales fell to a 17-year low in June as record unemployment in the countries using the euro hurt demand at Fiat SpA (F) and PSA Peugeot Citroen (UG).
Registrations decreased 6.3 percent to 1.18 million vehicles from 1.25 million cars a year earlier, the Brussels-based European Automobile Manufacturers¡¯ Association, or ACEA, said today in an e-mailed statement. The figure was the lowest for the month since 1996, said Quynh-Nhu Huynh, the group¡¯s economics director. First-half sales declined 6.7 percent to 6.44 million vehicles.
European car sales fell to a 17-year low in June as record unemployment in the countries using the euro hurt demand at Fiat SpA (F) and PSA Peugeot Citroen (UG).
Registrations decreased 6.3 percent to 1.18 million vehicles from 1.25 million cars a year earlier, the Brussels-based European Automobile Manufacturers¡¯ Association, or ACEA, said today in an e-mailed statement. The figure was the lowest for the month since 1996, said Quynh-Nhu Huynh, the group¡¯s economics director. First-half sales declined 6.7 percent to 6.44 million vehicles.
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