Volkswagen's emissions scandal has so far had little impact on the broader European car market, Renault-Nissan boss Carlos Ghosn says, despite data showing VW saw a plunge in sales in Britain last month.
"So far there is nothing obvious in the statistics coming from the market," Ghosn, who is also president of the Association of European Carmakers (ACEA), told a news conference on Friday.
"For the real impact you are going to have to wait some months, probably starting in January, February, if there is any," he added.
VW, Europe's largest carmaker, is grappling with the biggest business crisis in its 78-year history after admitting in September it cheated US diesel emissions tests for toxic nitrogen oxide and in November that it also understated carbon dioxide emissions.
Data on Friday showed sales of VW-branded cars last month plunged 20 per cent year-on-year in Britain, Europe's second-biggest car market behind Germany, mirroring a steep decline in the United States.
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Sales of the German group's upmarket Audi models fell a more modest 4 per cent, while those of its mass-market Seat and Skoda brands were down 24 per cent and 11 per cent respectively.
Across the whole British market, however, new car registrations rose 3.8 per cent year-on-year in November to 178,876, the Society of Motor Manufacturers and Traders said, reversing a 1.1 per cent drop in October.
"November's sales might have been boosted by some consumers delaying their purchases from October when the VW emissions scandal hit the headlines," Chief UK economist Samuel Tombs at Pantheon Macroeconomics said in a note.
In October, Ford and Vauxhall recorded large UK sales declines as well as VW, pushing the whole market down, but November data showed both had bounced back with Vauxhall up 26 per cent, helped by the recently launched new Astra hatchback.
Analysts have said VW's emissions scandal is likely to accelerate a shift away from diesel vehicles that was already underway, and boost demand for smaller petrol engines and hybrids.
The World Health Organization classed diesel as a carcinogen in 2012, and policymakers in many European states have since begun adjusting incentives at national and local levels to discourage its use.
