Ford vehicles sit loaded on a transporter train at the Ford Motor Co.’s engine assembly plant in Dagenham, U.K.(Photographer: Luke MacGregor/Bloomberg)

European Car Sales Slump 23% as New Emissions Tests Start

Oct 17 2018, 6:00 AMOct 17 2018, 12:26 PMOctober 17 2018, 6:00 AMOctober 17 2018, 12:26 PM

(Bloomberg) -- Passenger car registrations in Europe slumped 23 percent during September after new emissions test rules took hold, reversing gains made in August when automakers were hurrying vehicles out the door to beat the deadline.

Key Insights

Market Reaction

The STOXX 600 Automobiles & Parts Index fell 1.3 percent as of 11:09 a.m. in Frankfurt
Landesbank Baden-Wurttemberg analyst Frank Biller sees September sales as “neutral positive” for the industry

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