Economy, Auto
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Western European Car Sales Rise 13%

Western European Car Sales Rise 13%Western European Car Sales Rise 13%

Western European new-car sales rose 13% last month, led by rebounding demand in southern markets.

November registrations rose to 1.03 million cars from 919,160 a year earlier, based on national data compiled by LMC Automotive that includes estimates for some smaller markets, Reuters reported.

The monthly numbers amounted to a seasonally adjusted selling rate of 13.59 million cars per year, LMC said, up 4.3% on October's 13.03 million.

LMC said November's increase was driven by strong demand in Spain and Italy where monthly registrations increased 25% and 24% respectively, as well as solid growth in the rest of Europe's top five markets.

Germany, Europe's biggest market, saw sales rise 9% while the UK, the No. 2 market, was up 4%. No. 3 France registered 11% gain in car sales in November.

Renault-Nissan boss Carlos Ghosn said on Friday Volkswagen's emissions scandal has so far had little impact on the broader European car market.

"So far there is nothing obvious in the statistics coming from the market," Ghosn, who is also president of industry association ACEA, told a news conference. "For the real impact, you are going to have to wait some months, probably starting in January, February, if there is any."

LMC predicts that sales in Western Europe will jump by 8% to 13.10 million this year and by 3% next year to 13.53 million.

 

Financialtribune.com