Historically low gasoline prices and interest rates and retailer discounting continue to lure European customers to autodealer showrooms. Despite being hit by the Volkswagen (ETR: VOW3) scandal over vehicle emissions, European automakers saw both new passenger and commercial car sales rise more than 10% and 15% for the first two months of the year. Volkswagen, the EU's biggest manufacturer by sales, failed to keep pace with the sector, however, and lost market share to its rivals like General Motors (NYSE: GM), Ford Motor (NYSE: F) and Fiat (NYSE: FCAU) as it continued to struggle with state investigation into its practices. During the year, there might be a sales decline in the northern part of the region, but solid increases should be seen in France, Germany and Italy. #MergentInc #industryreports #automotive
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