W-Europe’s car market finally moves out of intensive care

WESTERN EUROPE
Car market takes right turn
W-Europe’s car market finally moves out of intensive care
Published: Tue, 19 Nov 2013 18:15:00 GMT
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2014MY Mini - UK growth slows in October

October sales were equal or higher in all but three markets, including four of the region’s five major markets.

Of these only Italy failed to show a rise in October sales.

A gradual strengthening of consumer confidence, allied to rekindled government incentives to scrap higher polluting older cars with a lower CO2 emitting model has spurred a more than one-third jump in Spain’s October new car sales.

On the other end of the spectrum, the UK’s car sales may have risen for twenty successive months in a row, but October’s 4 per cent gain marks the first single digit expansion after six months.

+4%
October gain in West European new car market

This has tempted the view that the intensity seen of late in Britain’s recovery growth, chiefly six successive months of double-digit car sales expansion, may have passed its peak and has finally slowed to a more sustainable rate.

That’s a view shared by Britain’s autoindustry mouthpiece the Society of Motor Manufacturers and Traders (SMMT)...more

MORE LIKE THIS:

Better October car sales lift gloom, 3rd rise in four months 19 Nov 2013

Sigh of relief as September car sales rise 5.5% 17 Oct 2013

Even Europe’s worst hit markets now bouncing off the bottom 17 Oct 2013

DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

EUROPEAN new CAR sales:

by country
OCTOBER 2013 v OCTOBER 2012
10-MONTHS 2013 v 10-MONTHS 2012

WEST EUROPEAN new CAR sales:

by manufacturer and marque
OCTOBER 2013 v OCTOBER 2012
10-MONTHS 2013 v 10-MONTHS 2012

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+4% October gain in West European new car market

+4%
October gain in West European new car market