UPDATE 1-Europe November car sales fall 7.1 pct -ACEA

* November car sales fall 7.1 pct in Europe – ACEA

* Jan-Nov car sales fall 5.7 in Europe – ACEA

(Adds details from statement, writes through)

PARIS, Dec 15 (BestGrowthStock) – European car sales fell 7.1
percent in November, industry association ACEA said on
Wednesday, as economic woes and austerity measures dampened
customers’ demand for new cars.
European carmakers are looking to Asia and Latin America as
demand stagnates at home as the scrappage schemes which boosted
demand for cars during the crisis run out and fears for the
economy make consumers cautious. [ID:nLDE6B00RN]

A total of 1.07 million new cars were registered in
November, ACEA said. In the first 11 months of the year, car
sales fell 5.7 percent.

Sales at Europe’s biggest carmaker, Volkswagen (VOWG_p.DE: ),
fell 5.9 percent in November, ACEA said.

Japan’s Toyota Motor Corp (7203.T: ) sales fell 21.8 percent.
French carmaker Renault (RENA.PA: ) saw November group sales
fall 12.5 percent. Renault brand sales fell 16.3 percent, while
the low-cost Dacia brand saw sales rise 5.5 percent.

Renault Chief Executive Carlos Ghosn, who is also CEO of
Renault alliance partner Nissan (7201.T: ), has said the company
will have a record 2010. [ID:nLDE6BC0Z7]

UPDATE 1-Europe November car sales fall 7.1 pct -ACEA