Economy, Auto
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Western Europe Car Sales Rebound

Western Europe Car Sales ReboundWestern Europe Car Sales Rebound

Western European car sales rose 5.2% in March, according to industry data provided by LMC Automotive.

New-car sales rose to 1.64 million, which are based on national registration data and forecasts, Reuters reported.

In the first quarter, sales were up 7.7% from a year earlier to 3.66 million new passenger cars.

"Despite one fewer selling day in a number of key markets with Easter falling early this year, West European car registrations continue to pick up strongly," LMC Automotive analyst Emiliano Lewis said.

LMC said its estimates project seasonally-adjusted new registrations in Western Europe will reach 14.28 million this year, up 7% from a year earlier.

Sales in Germany, Europe’s biggest single market, were flat last month, but in the No. 2 market, the UK, they rose 5.3%. French sales rose 8%, while in Italy they leapt 17%. In Spain, registrations fell nearly 1%.

 

Financialtribune.com