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Volvo European car sales up, Saab further down in Oct '09

Posted on: Mon, 16 Nov 2009 07:43:00 EST

Symbols: VOLVY, F

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Nov 16, 2009 (M2 PRESSWIRE via COMTEX) --
VOLVY | Quote | Chart | News | PowerRating -- 16 November 2009 - The European sales of Swedish carmaker Volvo Cars
grew 15.8% year-on-year in October 2009, while those of Saab Automobile
AB plunged 65.1%, data by the European Automobile Manufacturers'
Association (ACEA) showed today.

Volvo Cars, put up for sale of its US owner Ford Motor Co (NYSE: F | Quote | Chart | News | PowerRating),
sold 20,146 units, capturing a market share of 1.6% in Europe.

Saab Automobile, still part of bankrupt US car giant General Motors
(GM) but pending sale to international consortium Koenigsegg Group,
sold 1,753 cars in October, corresponding to a 0.1% market share.

According to the ACEA survey, comprising some 30 carmakers, new
passenger car registrations in Europe rose by 11.2% on the year to
1.263 million units in October 2009, versus an annual decline of 14.4%
a year earlier. The development reflects a mixed development with a
15.8% growth in western Europe and a 36.9% drop in the new European
Union (EU) member states.

In western Europe, the UK registered the largest increase, of 31.6%,
followed by Spain with 26.4%, Germany with 24.1%, France with 20.3% and
Italy with 15.7%.

Among the new EU members, the Czech Republic was the only country to
post growth (+8.8%). Elsewhere, the downturn ranged from 8.4% in Poland
to 81.6% in Latvia.

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