#SeptemberSales
Is Slump In Europe Over? Car Sales Up by 5.5% in September
In a sign that the European automobile market may finally be recovering, new car registrations in September were up 5.5% from the year before. Sales in the UK and an extra sales day in the month were factors but industry analysts say that things have finally bottomed out in Europe. Year to date sales were still down, -4% to 9.34 million cars, still on track to be the worst year in two decades.
After the longest European recession since the adoption of the euro currency ended with GDP growth in the second quarter of this year, demand has increased but when car sales were down in August, there was concern. With September sales up, industry watchers now think the August decline was just a blip.
TTAC Staff
Oct 17, 2013
6
September Sales Rate Lowest in 28 Years?
Automotive News brings glad tidings for auto execs drunk on Clunkers: “September’s light-vehicle sales rate will fall to 8.8 million units, co…
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Robert Farago
Sep 19, 2009
21
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