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Nine months West
European car sales growth of 7.1 per cent means total sales to date are
just 5.3 per cent short of the comparative sales last seen in pre-crisis
2007, the region’s most recent previous peak sales year
All losing streaks come to an end.
AID’s market observers, after scrutinising latest upbeat car sales
trends in Western Europe, believe the most severe recession in the
European car market since the second world war may finally be over.
The severe decline in new car sales, which began in 2008 and has not
reached a turning point until 2014, gave way to a slow but steady and
near unbroken sales recovery which saw sales rise in 36 of the past 37
months.
Hard evidence that West Europe’s car market may be about to return to
the car sales levels last seen in pre-crisis 2007 comes from latest
Acea compiled car sales
numbers.
A 6.5 per cent rise in September new car sales, the eighth gain in nine
month, brings West Europe’s cumulative car sales total to 10.75m after
9-months, up 7.1 per cent over last year’s comparative total.
If that weren’t enough to trigger yet another rare smile from Europe’s
hard-nosed motor barons, the latest in a string of cheerful data, under
closer scrutiny, reveals one gleaming nugget of good news:
Europe’s new car market is almost back to the ‘normal’ sales
levels last seen in pre-crisis 2007.
That, at least, is AID's familiar non rose-tinted view of
genuinely upbeat recent developments in Europe’s closely watched
automotive market...more
MORE
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