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WESTERN EUROPE
Is Europe’s car sales recovery screeching to a halt?
August points to sudden slowing in Europe’s car sales recovery

Published: Tue, 09 Sep 2014 15:10:56 GMT
 

Rueggen Germany boat danger sign

August points to sudden slowing in Europe’s car sales recovery – sales narrowly top last year’s same month level – August sales lower than a year ago in half the region’s car markets, AID data reveals

After eleven months of encouraging recovery growth in which West Europe’s car market showed the first signs that the long lingering gloom was lifting after half a dozen years of plummeting sales, West Europe’s car sales recovery suddenly shows the first tentative signs of running out of puff.

Pulled down by slight falls in Germany, France and Italy, August sales only narrowly topped last year’s same month level.

1.1%
West European new car sales rise during August according to provisional AID figures


Suddenly there is uncertainty about whether the underlying pace of recovery growth can be sustained. 

Coming in the wake of faster than earlier expected recovery growth during this year’s first half, followed in turn by still healthy-looking growth of 3.8 per cent and 4.9 per cent in both June and July, AID’s provisional figures for August show a measly 1.1 per cent rise in West Europe’s new car sales; the lowest rate of advance for eight months. 

But it may not be as bad as it seems
...more
 


MORE LIKE THIS:


> West Europe’s July new car sales grow for 11th time in a row  08 August 2014


> Europe sees 10th good car sales gain in a row – June up 3.8%  08 July 2014


> May shows car sales resuming their slow but steady upward trajectory  10 June 2014


DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

EUROPEAN new CAR sales:

by country
AUGUST 2014 V AUGUST 2013
8-MOnths 2014 v 8-Months 2013

WEST EUROPEAN new CAR sales:

by manufacturer and marque
AUGUST 2014 V AUGUST 2013
8-MOnths 2014 v 8-Months 2013

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