Volkswagen's Europe Market Share Falls for First Time Since 2007
- Diesel scandal contributes to share of sales dropping to 24.8%
- Industry's 14.2 million car registrations mark six-year high
VW's 2015 European Market Share Drops to 24.8%
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Volkswagen AG’s market share in Europe fell for the first time since 2007 as the German carmaker’s emissions-rigging scandal deterred buyers in the final months of last year.
Volkswagen accounted for 24.8 percent of new cars sold in the region in 2015 compared with 25.5 percent in 2014, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said Friday. Industrywide registrations jumped 9.2 percent to a six-year high of 14.2 million vehicles, outpacing the German group’s 6.2 percent gain.