Home » NEWS » Toyota's European sales plummet

Toyota's European sales plummet

BRUSSELS — Toyota’s sales in Europe slipped 20 percent in February from a year ago after the company launched a massive recall to fix faulty gas pedals, according to EU car makers’ sales figures released today.

The company sold 42,234 cars in the 27-nation bloc in February, down from 53,233 the same month a year ago.

It launched a worldwide recall in early February that now covers some 8 million cars and trucks worldwide to repair problems with gas pedals and floor mats that can cause the accelerator to become stuck in the depressed position.

Toyota’s poor sales figures came in a good month for the overall European Union car market, with sales up 3 percent over the year.

A nearly 30 percent drop in sales in the region’s biggest car buying market, Germany, was compensated by stronger results from other major markets such as France, Italy, Spain and Britain. French sales were up 18 percent, Italy 20 percent, Spain 47 percent and Britain 26 percent.

Volkswagen AG, Europe’s best selling automaker, saw sales decline 2.2 percent due to poor results in its home market in Germany. France’s Peugeot Citroen PSA was up 18 percent and Renault up nearly 30 percent.

BEFORE YOU GO…

… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Megan Wright

Leave a Reply

Your email address will not be published. Required fields are marked *

*