Nissan, Volvo and FCA lead European sales decline
FILE PHOTO: A Nissan logo is pictured during the media day for the Shanghai auto show in Shanghai, China, April 16, 2019. REUTERS/Aly Song/File Photo
PARIS (Reuters) - European car sales dropped 7.9% in June, led by bigger declines for Nissan <7201.T>, Volvo and Fiat Chrysler (FCA)
Registrations fell to 1.49 million cars last month from 1.62 million a year earlier across the European Union and EFTA countries, the Brussels-based Association of European Carmakers said in a statement. Calendar effects resulted in two fewer sales days in most markets, accentuating the decline.
Registrations for the first half closed 3.1% lower, ACEA said. For European carmakers, weakening demand at home compounds the pressure from a sharper contraction in China and emerging markets that may yet bring more profit warnings.
Nissan's aging model lineup contributed to a 26.6% June sales slump while Volvo Cars, owned by China's Geely, saw deliveries tumble 21.7%.
Registrations also fell 13.5% last month at FCA, 10.1% at BMW
(Reporting by Laurence Frost, editing by G Crosse)
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