Europe November car sales fall 7.1%

European car sales fell 7.1% 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.
A total of 1.07 mln new cars were registered in November, ACEA said. In the first 11 months of the year, car sales fell 5.7%.
Sales at Europe's biggest carmaker, Volkswagen, fell 5.9% in November, ACEA said.
Japan's Toyota Motor Corp sales fell 21.8%. French carmaker Renault saw November group sales fall 12.5%. Renault brand sales fell 16.3%, while the low-cost Dacia brand saw sales rise 5.5%.
Renault Chief Executive Carlos Ghosn, who is also CEO of Renault alliance partner Nissan, has said the company will have a record 2010.