VWAGY - European car registrations down 12% for November

European car registrations declined 12% in November to 897,692 units, followed by 7.8% decline in October, as several European governments introduced new measures to contain the second wave of the COVID?19 pandemic.In November registration slipped 13% for Volkswagen (VWAGY), -11.1% for PSA Group (PEUGF), -13% for Renault (RNSDF). -16.5% for Hyundai (HYMLF), -6.4% for BMW (BMWYY), -15% for Daimler (DMLRY), -2.6% for FCA (FCAU), -0.8% for Toyota (TM) and -28% for Honda (HMC).Among the EU's largest markets, France and Spain suffered double?digit drops -27.0% and 18.7%, followed by Italy with a more modest decline ?8.3% and Germany's losses were limited to just ?3.0% for the month.On A YTD basis, European Union demand for passenger cars squeezed 25.5% to 9M unitts. Spain saw the biggest drop of 35.3% so far in 2020, followed by Italy ?29.0%, France -26.9% and Germany ?21.6%.

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European car registrations down 12% for November