Economy, Auto
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West Europe Car Sales Rise in August

West Europe Car Sales Rise in AugustWest Europe Car Sales Rise in August

New-car sales in Western Europe rose 8.1% in August, thanks to increased demand in Italy, Spain, France, Germany and the UK.

Western Europe sales reached 765,383 passenger cars, LMC Automotive said on September 7, basing its forecast on national registration data and its own estimates ahead of the official sales data released by Europe’s auto industry association ACEA, on September 15.

LMC said demand had rebounded from a dip in July, when monthly sales fell for the first time since 2013.

“With one extra working day last month, the West European car market posted a solid result in August, growing by 8.1% year-on-year. There were no clear negative signs,” LMC Automotive analyst Emiliano Lewis said.

Based on the seasonally adjusted annual selling rate, demand improved to an estimated 13.9 million car sales, LMC said, up from an annual selling rate of 13.4 million cars last month.

Europe’s largest markets all saw sales gains year-on-year.

In Germany, Europe’s largest market, August car sales increased by 8.3%. Sales in Italy were up 20% while in France, the third-largest market in Europe, they were up 6.7%, LMC data showed.

Demand in the UK, the region’s second largest market, was up 3.3% in August, while Spanish sales jumped 15%.

Financialtribune.com