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EUROPE |  AID EXCLUSIVE
Europeís September car sales stronger than feared
Published: Tue, 11th Oct 2016 15:44:16 GMT  
 

W. Europe passenger car sales September 2016 AID Newsletter


News that Europeís car sales renaissance has lost precious little notable momentum during the third quarter comes from provisional AID compiled September statistics

Already nine months through the current year, and no detectable heat loss in the majority of markets, Septemberís markedly hotter than feared 6.5 per cent rise in new car sales supports the view that West Europeís new car market is still alive and kicking and remains on track for further, albeit slower growth. 

Barring an unexpected early winter chill during the remaining three months of the current year, West Europeís car sales still remain on track to touch the 14 million mark for the first time since pre-crisis 2007

Yet another sign that Europeís new car market remains in good shape, West Europeís September car market grew 6.5 per cent. And this is in spite of the fact that Septemberís turnout, as ever, was statistically distorted by the UK, which traditionally accounts for a third or more of West Europeís September car market. 

In consequence, Europeís true underlying rate of growth was pulled down in September by a mere 1.6 per cent sales gain in the UK. 

With the UK taken out of the reckoning, West Europeís September car sales grew 9.2 per cent, comfortably beating the underlying 8.2 per cent rate of growth after nine month. 

Other than that, the marketís underlying health can best be judged by news that of the 17 West European markets regularly monitored by AIDís trendwatchers, only the Netherlands and Eire did not record a September increase
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MORE LIKE THIS:

| Rise in August car sales eases fears of autumn car sales chill  12 Sep 2016


| July sees deceptive 2.2% drop in Europeís new car sales  15 Aug 2016


| Volkswagen, more pain and no gain  10 May 2016

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