Provisional February news has arrived from West Europe’s car showrooms and was good rather than thrilling. The good news, AID compiled figures reveal, is that this year’s car sales season has started with two successive months of rising sales. The not so good news is that February’s sales gain, coming on the heels of a hot 9.5 per cent surge this January, was just under 1 per cent, suggesting that the region’s long-running car sales recovery run may be about to come to a screeching halt. But it’s not quite what it seems
While February’s new car sales edged up by less than one per cent to just over 1 million sold units, the goods new for the region’s automotive industry is that February’s leisurely trading was impeded by one fewer working day in several markets.
The impact is all too easily spotted.
February’s new car sales in most of the region’s major markets slipped slightly into reverse. In both Germany and France February sales eased back by a respective 2.6 and 2.9 per cent, accompanied for good measure by virtually unchanged sales in last month’s British sales...more
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