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European new car sales drop nearly 8% in first half of 2019

PARIS — European car sales dropped 7.9% in June, led by bigger declines for Nissan, Volvo and Fiat Chrysler (FCA), according to industry data published on Wednesday. Registrations fell to 1.49 million cars last month from 1.62 million a year earlier across the European Union and EFTA countries, the Brussels-based Association of European Carmakers said in a statement. Calendar effects resulted in two fewer sales days in most markets, accentuating the decline. Registrations for the first half closed 3.1% lower, ACEA said. For European carmakers, weakening demand at home compounds the pressure from a sharper contraction in China and emerging markets that may yet bring more profit warnings. NissanÂ’s aging model lineup contributed to a 26.6% June sales slump while Volvo Cars, owned by ChinaÂ’s Geely, saw deliveries tumble 21.7%. Registrations also fell 13.5% last month at FCA, 10.1% at BMW, 9.6% at Volkswagen Group and 8.2% for both Mercedes parent Daimler and FranceÂ’s PSA Group. The Peugeot makerÂ’s domestic rival Renault suffered less, posting a 3.9% decline. By the Numbers BMW Chrysler Fiat Nissan Volkswagen Volvo Peugeot Renault

St. Louis man charged in killing of Illinois college student

A St. Louis man has been arrested and charged with murder in the slaying of a 19-year-old Illinois college student who went missing while trying to sell his sports car on Craigslist, authorities said. Capt. Tim Fagan of the Florissant, Missouri, police department said at a news conference Wednesday night that 24-year-old Michael Gordon was taken into custody Tuesday and was being held at the St. Louis County jail in lieu of $1 million bond. Gordon has been charged with first-degree murder and armed criminal action in the death of Taylor Clark, a sophomore engineering student at Southern Illinois University-Edwardsville. Fagan, the deputy commander of the Major Case Squad of Greater St. Louis and lead investigator in the case, said police arrested Gordon after his name was found in emails Gordon traded with Clark about the car Clark was trying to sell. Investigators said the two did not know one another before they met. Police say Gordon is an employee of a truck driver training center in the St. Louis suburb of Hazelwood, Missouri, not far from where Clark's 2007 Nissan 350ZX and body were found Tuesday. It was not immediately clear whether Gordon has an attorney. Clark, who is from the southwestern Illinois town of St. Jacob, was reported missing by family members on Monday. Authorities say he was last seen by his girlfriend. "Our hearts and minds are with Taylor Clark's family and friends as they cope with this tragic loss," SIU-E Chancellor Julie Furst-Bowe said in a statement issued Wednesday. "At a time of the year when the new spring season brings the promise of brighter days ahead, and commencement provides unending potential for so many of our students, it is truly sad that Taylor had his bright future taken away." The Belleville (Illinois) News-Democrat reported that Clark worked at a convenience store in Troy, where a candlelight vigil was scheduled for Wednesday night. A similar vigil was held Tuesday night on campus. Clark's death comes during the same week as a Monday court hearing in St. Charles County in which a 23-year-old man was sentenced to life in prison for fatally stabbing a 45-year-old St. Louis man during an encounter and planned robbery in 2012 that was set up through a Craigslist ad. On the same day of the hearing, Fairview Heights, Illinois, police unveiled a "safe exchange zone" on its parking lot, complete with security cameras, to help citizens safely broker online transactions with strangers.

These EVs are the worst when it comes to depreciation

The Renault Fluence Z.E. tops the list of the worst depreciating cars according to a ranking compiled by Glass' Information Services, holding just 27.21 percent of its value after a year of ownership and 12,000 miles on the clock. Just as well that you can't buy the sedan anymore in either electric or ICE versions, since it was discontinued last year. This car took a particularly rough hit when Better Place declared bankrutpcy, since the electric Fluence was a specific fit for the aspirations of the battery-swapping company. The Citroen C-Zero hits the list at number four, the Nissan Leaf E at number five, both holding onto just a third of their value after a year. The C-Zero is a rebadged Mitsubishi i-MiEV, and if you bought one stock for the full UK on-the-road price of 26,766 pounds, you'd have a car worth 8,583.86 pounds twelve months later, according to Glass. We're not sure about the wording of the press release, though - it states that those three cars "lost more than three-quarters of their value." Yet the Fluence E Z.E. is the worst offender, and it doesn't dip below 25 percent of its original value. As with those electrics, the rest of the list is made up of aged or barebones ICE models, some of them touted elsewhere for their popularity. You can find the full list and the valuations in the press release below. ELECTRIC CARS AMONG WORST FIRST YEAR DEPRECIATORS Fluence, C-Zero and LEAF all lose more than three-quarters of their value 15/07/15 - Three electric cars are among the worst first year depreciators in a "Bottom 10" released by motor trade valuation market leaders Glass's. The Renault Fluence, Citroen C-Zero and Nissan LEAF E have all lost more than three-quarters of their value after covering 12,000 miles during the last 12 months. Rupert Pontin, head of valuations at Glass, said: "The motor trade and the used car buying public remain interested in electric cars but are still reticent to actually buy them in numbers – and these depreciation figures reflect that fact. "To be fair, these three EVs are among some of the least attractive on the market – the Fluence and C-Zero both have a 'last generation' feel while the LEAF E is on the bottom rung of the LEAF range – but their presence does reflect the fact that the EV sector remains sluggish." Other models in the list include the lowest-powered, entry level versions of some generally popular but aging models such as the Vauxhall Insignia and Renault Megane.