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WESTERN EUROPE -
Poor March, down 7.1% |
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The deepening economic problems facing West Europe’s new car
market are doubly underlined by Acea compiled statistics
showing that new car sales fell 7.1 per cent in March,
compared with the same month last year. This was the region’s 6th successive fall in a row, thus pointing to a significantly lower than earlier anticipated annual car sales rate. 11 out of 18
The market’s steadily deteriorating rate of decline, and in
particular the sudden headlong dive seen in gloom-struck
France, where March sales plunged by an eye watering 23.2
per cent, has tempted AID forecasters to the view that this
year’s total car sales haul in Western Europe could
conceivably fall by a markedly steeper than earlier feared 5
to 7 per cent to around 12 million units, which has been the
annualised sales rate in the first three months of the year
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