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Europe’s car recovery rate dragged down by faltering UK
demand
AID compiled figures reveal that recovery growth in West Europe’s car market, which reached a higher than earlier expected rate of 7.5 per cent during this year’s first quarter and has ground to a halt in the second quarter, has regained some momentum in July.
Coming in the wake of May’s 6.8 per cent sales expansion, a scant 1.4 per cent gain in June and 1.9 per cent growth in July, brings the car market’s cumulative advance at the seven months stage to 3.5 per cent
Whichever way recent West European car sales numbers are worked, underlying demand appears to have cooled a great deal during recent months.
And yet, under closer scrutiny latest car sales number reveal that the vast majority of West Europe’s new car markets are continuing to display healthy on-going car sales growth.
The evidence is contained in AID’s provisional car sales numbers for July, showing that sales were well up on the same month last year in thirteen of the markets regularly monitored by AID.
July sales were lower than a year ago in just four markets.
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