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Jeep, Jaguar winners as European sales fall 1% in February

Jeep, Jaguar winners as European sales fall 1% in February

European new-car sales fell 0.9 percent in February with Porsche, Audi and Nissan suffering steep drops in volume while Jeep and Jaguar made big gains.

Registrations dropped to 1.15 million cars in the EU and EFTA markets, data released by industry association ACEA showed on Friday.

Volkswagen Group’s registrations fell half a percent, dragged down by Porsche’s 46 percent fall and Audi’s 8 percent drop. The two brands are still hit by a shortage of models that comply with Europe’s new WLTP test cycle. VW brand’s volume increased 4 percent at the VW brand, while Skoda and Seat sales were flat.

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