Europe’s car sales slide worsens

WESTERN EUROPE - Europe’s car sales slide worsens
May’s 9% car sales dive says underlying rate of decline is still accelerating
Published: Mon, 18 June 2012 17:42:02 GMT
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An already anxious autoindustry received yet another shock this week with news that May saw the 8th consecutive monthly decline in new car sales, with sales literally tumbling off a cliff in all but one market.

Almost halfway through the current year, following a steady and unrelenting acceleration in the rate of decline, West Europe’s new car sales to May already trail last year’s corresponding 5-months levels by 8 per cent.

-8%
Western Europe’s new car sales to May compared to the same period last year

ACEA compiled figures reveal that May car sales in Germany, widely seen as a bellwether for the health and underlying direction of Europe’s new car market, were unexpectedly poor.

The sudden deterioration in Europe’s biggest market more than wiped out a contrasting 7.9 per cent May sales gain in Britain, which stands out as just one in three of the region’s markets where consumers have not yet put away their wallets ...more

DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

EUROPEAN new CAR sales by MARKET:
European new car sales by country MAY 2012 v MAY 2011
European new car sales by country 5-Months 2012 v 5-Months 2011

WEST EUROPEAN new CAR sales by manufacturer and marque:
W. European new car sales by manufacturer and marque MAY 2012 v MAY 2011
W. European new car sales by manufacturer and marque 5-Mths '12 v 5-Mths '11

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