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News that Europe’s 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, September’s markedly hotter than feared 6.5 per cent rise in new car sales supports the view that West Europe’s 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 Europe’s car sales still remain on track to touch the 14 million mark for the first time since pre-crisis 2007
Yet another sign that Europe’s new car market remains in good shape, West Europe’s September car market grew 6.5 per cent. And this is in spite of the fact that September’s turnout, as ever, was statistically distorted by the UK, which traditionally accounts for a third or more of West Europe’s September car market.
In consequence, Europe’s 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 Europe’s 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 market’s underlying health can best be judged by news that of the 17 West European markets regularly monitored by
AID’s trendwatchers, only the Netherlands and Eire did not record a September
increase...more
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