Figures released this week by AID show that West Europe’s new car market, unlike the cooling car markets of the US and even China, has lost little or no steam during the opening three months of this year. In consequence, West Europe’s car market still stands out as the main driver of this year’s global car sales growth
Spring may have only just begun, but West Europe’s new car market seems to be pushing up some extra green shoots that may be faintly signalling that this year’s on-going car sales recovery may be stronger and longer lasting than earlier anticipated.
This year’s first quarter car sales growth, at 7.5 per cent, compares with a notably slower 1.3 per cent car sales expansion in China and an ominous 1.5 per cent sales dip in the US, which appears to be cooling significantly faster than earlier anticipated.
On a distinctly positive note however, kindling hope that at long last the worst is over, first positive signs were spotted in previously hard-hit markets like Russia and Brazil, suggesting that both markets have at last found a secure track out of the mire.
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W-Europe’s car sales on track for 10-year high as slowdown fails to materialise
07 Apr 2017
Russian car sales spring in the air
28 Mar 2017