May shows car sales resuming their slow but steady upward trajectory

WESTERN EUROPE
May shows car sales resuming their slow but steady upward trajectory
Ninth straight month of unbroken car recovery growth, according to provisional AID data

Published: Tue, 10 June 2014 16:18:35 GMT
Tweet

Car sales in Western Europe rose 3.6 percent in May, the ninth straight month of unbroken car recovery growth, according to provisional AID compiled data.

But for many autoindustry barons May’s renewed set of good news will likely be greeted with a brief smile rather than with jubilation, largely because May’s slight rise in sales underscores the now widely held view that this is likely to evolve into a slow thaw rather than a rapid UK-type recovery

News of yet another good car sales month in both the UK and Germany, where May’s car sales rose by a respective 7.7 and 5.2 per cent, was marred only by a small hiccup in Italy where May sales eased back by 3.8 per cent.

+0.3%
Increase in France new car sales this May compared to the same month last year

Moreover, in support of those who were banking on a gradual and still fragile looking European car sales recovery, May sales in France were virtually unchanged, following a markedly livelier 5.8 per cent gain only the month before.

West European car sales have now climbed in every month since September last year.

Provisional AID compiled figures show that May sales were higher than a year ago in a dozen market, with the fastest year-on-year gains reported in the now strongly recovering markets of Portugal, Spain and Greece.

Apart from Italy, only Austria, Belgium, Finland and Switzerland saw minor falls this May.

The latest single-digit rise in West Europe’s car sales brings the regional cumulative car sales total to 5.2m after 5-months of unbroken recovery growth.

That’s 5.8 per cent up on the same period last year, according to AID’s own provisional estimates...more

MORE LIKE THIS:

> Hard slog underway to reach West Europe’s pre-crisis car sales levels 09 May 2014

> Weaker April car sales fuel fears of slowing European recovery 08 May 2014

> Opel-Vauxhall sales show signs of turning the corner 07 Mar 2014

DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

EUROPEAN new CAR sales:

by country
MAY 2014 v MAY 2013
5-MOnths 2014 v 5-Months 2013

WEST EUROPEAN new CAR sales:

by manufacturer and marque
MAY 2014 v MAY 2013
5-MOnths 2014 v 5-Months 2013

To continue reading this article, please register for a free sample without obligation...

Please note that eagleAID.com is a subscriber-only site, and as such it can only be viewed by subscribers to the newsletter.

+0.3% Increase in France new car sales this May compared to the same month last year

+0.3%
Increase in France new car sales this May compared to the same month last year