AID compiled data for March shows that Western Europe’s continuously improving new car market, following yet another 5.1 per cent sales gain in March - the 31st successive rise in a row - now remains just 7 per cent below comparative pre-crisis levels
Slightly earlier than previously feared, and after terrifying the vast majority of mass-market carmakers by its reluctance to escape the near decade-long car sales drought, finally West Europe’s new car market may be about to return to a semblance of near normality.
That, at least, is the upbeat assessment of this year’s still strongly recovering West European new car market.
This year’s faster than feared start, allied to a renewed fall in the market’s fear gauge, has tempted AID’s market observers to the view that at long last the car market has reached escape velocity.
In consequence, if not this year, then next year, West Europe’s annual
car sales could be back to the higher 14 million plus normal levels last
seen in pre-crisis 2007, AID forecasters now believe...more
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