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EUROPE |  AID EXCLUSIVE
Europe almost back to pre-crisis car sales
Published: Fri, 14th Oct 2016 11:43:11 GMT  
 

West European Passenger car Sales 9-months history


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 regionís most recent previous peak sales year


All losing streaks come to an end.

AIDís 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 Europeís 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 Europeís cumulative car sales total to 10.75m after 9-months, up 7.1 per cent over last yearís comparative total.

If that werenít enough to trigger yet another rare smile from Europeís hard-nosed motor barons, the latest in a string of cheerful data, under closer scrutiny, reveals one gleaming nugget of good news:

Europeís new car market is almost back to the Ďnormalí 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 Europeís closely watched automotive market
...more


MORE LIKE THIS:

| Europeís September car sales stronger than feared  11 Oct 2016


| 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

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