Europe's car sales plummet to a 19-year low

New car sales in Europe last month decreased by 10 percent to 965,918 units.

Because of the pressuring austerity that has hit the old continent, car sales have fallen to a 19-year low this year. The only big car maker to enjoy a hike in sales this November was Hyundai whose sales went up by 7 percent, while sister company Kia fell by 3.6 percent.

Out of all automakers, Renault suffered the largest year-on-year decline as sales of its Renault and Dacia models dropped by a worrying 27.4 percent. PSA Peugeot Citroen sales are down by 16 percent, while GM with its Opel, Vauxhall and Chevrolet brands had a 13 percent decline. Fiat is also down by 12.8 percent, while the Blue Oval company saw 10.2 percent less sales. Last month, Volkswagen managed to deliver 248,690 cars, representing a 2.5 percent decrease.

11-month car sales in Europe are down by 7.2 percent to 11.7 million units, representing the lowest figure since 1993.

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Tags european auto, european auto industry, european car sales, european industry, europe car sales