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European diesel car sales down in H1 – Report

Auto News - Published on Wed, 17 Oct 2018

Image Source: The Irish Times
Auto News reported that diesel car sales in Europe fell sharply in the first half of the year amid buyer concerns over pollution and falling resale values as governments seek to reduce sales of vehicles with combustion engines. The International Energy Agency said in a report that "The disaffection toward diesel engine cars is spreading all over Europe.”

It said that the market share of diesel cars in the European Union fell to 36.5 percent in the first half of 2018 from 42.5 % in the first half of 2017. Sales declined by 16 % during the period to 3.12 million units, with declines in Britain reaching 30 %.

In Germany, home to some of the world's biggest diesel car producers including Volkswagen Group and BMW Group, diesel car sales dropped to 31.1 % of the total in the first half of 2018 from 41.3 % a year earlier.

As a result, demand for diesel in Europe is also faltering, down by 115,000 barrels per day (bpd) in August from the previous month.

Source :

Posted By : Joykumar Irom on Wed, 17 Oct 2018
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