European Auto Market Grew By 1.2% In 2019: ACEA
Umer Jamshaid 10 days ago Thu 16th January 2020 | 01:16 PM
The European auto market grew by 1.2 percent last year, with a push in December raising the total number of sales to 15.3 million vehicles, sector association ACEA said Thursday
Paris, (UrduPoint / Pakistan Point News - 16th Jan, 2020 ) :The European auto market grew by 1.2 percent last year, with a push in December raising the total number of sales to 15.3 million vehicles, sector association ACEA said Thursday.
In second place was French automaker PSA, which owns Peugeot, Citroen, DS, Opel and Vauxhall, though it reported a 1.1 percent drop in sales.
The European market had started the year in decline, "but the last quarter, and the month of December in particular, pushed the annual performance into positive territory", the ACEA, said in a statement.
On the other hands sales in Spain were down 4.8 percent and in Britain they slid 2.4 percent.
The European market has been "artificially boosted" by the tightening of standards on carbon dioxide emissions, said Flavien Neuvy, director of the Cetelem Observatory, a research unit of BNP Paribas.
The sales figures are based on the registration of vehicles, and Neuvy said carmakers had an incentive to register at the end 2019 large CO2-emitting vehicles so they would not be used in calculations for 2020 on the overall emissions levels its fleet.
Carmakers who breach the lower ceiling in 2020 of an average 95 grams of CO2 emitted per kilometre for their fleet face fines.