European Car Sales Tumble To A 14 Year Low

European new-car sales dropped to a 14-year monthly low in March, with Fiat, PSA/Peugeot-Citroen and Renault among the hardest hit as economic growth stalled because of the region's sovereign-debt crisis and falling consumer confidence.

Registrations in the 27-member EU states plus Switzerland, Norway and Iceland fell 6.6 percent from a year earlier to 1.5 million vehicles, the lowest figure for March since 1998, industry association ACEA said on Tuesday.

Sales fell for a sixth straight month as the deepening slump in France and Italy outweighed a fragile recovery in Germany and Britain.

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