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Nissan, Ford led March European car sales decline

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04/17/2019 | 02:11am EDT
FILE PHOTO: Ford logos are seen at the assembly line of the Ford car factory of Saarlouis, Germany

PARIS (Reuters) - European car registrations fell 3.6 percent in March, the main regional industry group said on Wednesday, with Nissan and Ford showing some of the biggest sales declines.

Registrations in the EU and European Free Trade Association (EFTA) countries dropped to 1.77 million cars last month from 1.84 million a year earlier, the Brussels-based Association of European Carmakers said.

The auto industry is facing a downturn in European demand just as it struggles to make drastic cuts to average fleet carbon dioxide emissions, or face massive fines.

Nissan deliveries were down 29.4 percent in March, broadly in line with their decline for the first quarter as a whole, as the Japanese brand reins in less profitable sales to car rental firms and other heavily discounted channels.

Ford, which is restructuring its European operations to address a weak European performance and the looming regulatory emissions hurdles, saw March registrations drop 15.5 percent.

Sales of Mercedes maker Daimler tumbled 14 percent, while Fiat Chrysler's sales fell 11.7 percent.

Overall, European registrations for the first quarter fell 3.2 percent, the association said.

(Reporting by Laurence Frost; Editing by Leslie Adler)

Stocks mentioned in the article
ChangeLast1st jan.
BMW AG ST 0.63% 66.57 Delayed Quote.-5.84%
DAIMLER AG 0.13% 45.44 Delayed Quote.-1.02%
FIAT CHRYSLER AUTOMOBILES -1.64% 12.006 End-of-day quote.-3.75%
FORD MOTOR COMPANY -0.58% 10.2 Delayed Quote.33.33%
NISSAN MOTOR CO LTD 1.93% 765 End-of-day quote.-10.64%
PEUGEOT -0.14% 21.9 Real-time Quote.17.46%
RENAULT -0.62% 51.06 Real-time Quote.-6.40%
VOLKSWAGEN AG 0.00% 151.46 Delayed Quote.9.03%
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