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WESTERN EUROPE |   AID DATA   
July clues on car recovery strength 
Published: Tue, 08th August 2017 13:23:00 GMT  
 

West European car sales monthly results and growth rate

Europeís car recovery rate dragged down by faltering UK demand

AID compiled figures reveal that recovery growth in West Europeís car market, which reached a higher than earlier expected rate of 7.5 per cent during this yearís first quarter and has ground to a halt in the second quarter, has regained some momentum in July. 

Coming in the wake of Mayís 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 marketís 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 Europeís new car markets are continuing to display healthy on-going car sales growth. 

The evidence is contained in AIDís 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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MORE EUROPEAN ARTICLES LIKE THIS:

| June sees 5th West European car sales gain in first half 17 Jul 2017


| April disappoints with 8 per cent fall in car sales  16 May 2017


| Europeís car sales on track for 10-year high as slowdown fails to materialise  07 Apr 2017

 

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