Advertisement
Singapore markets open in 8 hours 8 minutes

  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     

  • S&P 500

    5,029.93
    -41.70 (-0.82%)
     

  • Dow

    37,983.32
    -477.60 (-1.24%)
     

  • Nasdaq

    15,527.39
    -185.36 (-1.18%)
     

  • Bitcoin USD

    64,379.32
    -292.31 (-0.45%)
     

  • CMC Crypto 200

    1,385.55
    +2.98 (+0.22%)
     

  • FTSE 100

    8,078.86
    +38.48 (+0.48%)
     

  • Gold

    2,341.60
    +3.20 (+0.14%)
     

  • Crude Oil

    82.59
    -0.22 (-0.27%)
     

  • 10-Yr Bond

    4.7000
    +0.0480 (+1.03%)
     

  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     

  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     

  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     

  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     

  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

European passenger car sales fall 8.1 percent in November

Reuters
A woman buys a Volkswagen Polo car in Madrid, Spain, December 5, 2018. REUTERS/Javier Barbancho (Reuters)

FRANKFURT (Reuters) - Volkswagen <VOWG_p.DE>, Renault <RENA.PA> and Fiat Chrysler <FCHA.MI> led an 8.1 percent decline in European car sales in November, the main regional industry body said on Friday, as the introduction of tougher new emissions tests continued to weigh on demand.

Registrations fell to 1.16 million cars in European Union and European Free Trade Association (EFTA) countries last month from 1.26 million in the year-earlier month, Brussels-based ACEA said.

Volkswagen Group sales fell by 10.9 percent, Renault's by 16.0 percent and the FCA Group's by 8.1 percent, according to the data. Renault's alliance partner Nissan <7201.T> also recorded a 30.8 percent decline.

The new Worldwide Harmonised Light Vehicle Test (WLTP) became mandatory on Sept. 1, forcing some carmakers to halt deliveries of some models that had yet to be re-certified.

Car sales had surged in the month before the new standard became effective and have declined every month since.

(Reporting by Maria Sheahan; editing by Thomas Seythal)