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VW chokes on diesel crisis, loses EU market share
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VW chokes on diesel crisis, loses EU market share
Dec 15, 2015 8:22 AM

Embattled German carmaker Volkswagen has seen its share of the European market eroded in the wake of the emissions scandal, latest figures show.

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November figures from the European Automobile Manufacturers Association (ACEA) show that while new VW car registrations in the European Union have increased 4.1 percent on the same time last year, its market share has dipped from 26.6 percent in November 2014 to 24.3 percent this year.

So far in 2015, VW's market share is at 24.8 percent compared with 25.4 percent in the same period last year.

Embattled German carmaker Volkswagen has seen its share of the European market eroded in the wake of the emissions scandal, latest figures show.

November figures from the European Automobile Manufacturers Association (ACEA) show that while new VW car registrations in the European Union have increased 4.1 percent on the same time last year, its market share has dipped from 26.6 percent in November 2014 to 24.3 percent this year.

So far in 2015, VW's market share is at 24.8 percent compared with 25.4 percent in the same period last year.

Overall the European car industry enjoyed a strong November, its 27th month in a row of growth, showing a 13.7 percent increase in new car registrations or some 1.1 million cars, the ACEA figures show.

Among individual countries, Spain showed the strongest sales performance with a 25.4 percent increase on the same time last year, while France recorded an 11 percent increase, Germany 8.9 percent and the UK 3.8 percent.

First Published:Dec 15, 2015 5:22 PM IST

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