Fiat, Toyota and Ford are the three car companies, which topped the tenth consecutive monthly decline in auto sales in Europe. The expiration of government incentives for the purchase of new vehicles and increase the tax burden in the European countries because of limited demand fiscal crisis on the continent. The number of new registrations in Europe fell by 1.1 percent on a monthly basis to 1.07 million vehicles in January. This monthly figures showed the European Automobile Manufacturers Association. With the sharp drop features Fiat, whose sales shrank by 20 percent within a month. Those of Toyota fell by 11%, while Ford is decreased by 9.4 percent on a monthly basis. High unemployment of 10% and end of programs to stimulate purchases of new cars makes European households to contain themselves in their spending. The analysts point out that Ireland and Romania are the only European countries that still offer incentives for the purchase of vehicles. The sales decreased in three of the five largest markets in Europe, reported 24 percent drop in Spain, 21% in Italy and 12% in Britain. At the same time purchases in Germany increased by 17%, and France increased by 8.2 per cent.
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The American auto giant Ford Motor took first place in sales of new cars in the U.S. in February and surpassed its rival General Motors in Detroit for the first time in 12 years, and the world leader in the automotive industry in the face of Toyota. In the past month Ford managed to sell 142 285 cars and trucks in the U.S.. The increase amounted to 43.1 percent annually, which puts Ford at the forefront of the automotive market, whose foundations were built by the same company more than a century, sent Wall Street Journal. Sold by all companies in the U.S. automotive vehicles rose to 10.38 million units annualized in February compared to 9.17 million years ago. Autodata calculations show that Ford’s market share has increased by about 2 percentage points last year to 17%. Sales of General Motors rose by 11.5 percent annually to 141 951 cars and trucks in February, while those of Toyota fell by 8.7 per cent to 100 027.
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