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European new car market down

European new car sales have dipped by 2.6% to 28,814 units in February.

The first two months of the year have seen the market fall by 0.6% (15,228 units) to 2,357,591, according to the latest statistics from JATO Dynamics, the automotive data provider.

JATO said a core reason behind the drop was the ‘continued pressure on the German market brought about by the revised taxation regime introduced at the start of 2007 which has generated a 15.1% drop in sales when compared to February 2006’.

Volkswagen remains Europe’s best selling brand, ahead of Opel/Vauxhall and Ford which has seen sales improve by 3.0% in February and a 1.6% increase year to date thanks to the new S-Max MPV.

Top 10 performing brands – February 2007

The Fiat Punto continues to enjoy sales success and was Europe’s best selling new car in February this year with 32,059 units sold. The Peugeot 207 is second place with 30,345 units sold and the Opel/Vauxhall Corsa has now dropped to third place with 28,541 units sold.

Top 10 performing models – February 2007

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