W. Europe Car Sales Decline
W. Europe Car Sales Decline

W. Europe Car Sales Decline

W. Europe Car Sales Decline

Western European car sales fell 1% in October as the French and German markets weakened, according to industry data compiled by LMC Automotive.
Registrations last month were 1.05 million vehicles, the consulting firm said on Friday, based on a combination of national data and estimates for some smaller markets, Reuters reported on November 5.
The decline left the seasonally adjusted annual rate of car sales at 13.4 million, which was 7.1% lower than in September.
Registrations fell 5.6% in Germany and 4% in France last month, while in the UK, sales rose 1.4% as higher business demand offset falling private sales following the country’s June 23 referendum vote to leave the European Union. In key southern markets, Italy reported a 9.8% rise and Spanish sales were up 4%.
Following a strong September where sales rose 6.6%, the October result “disappointed”, LMC analyst Emiliano Lewis said, as LMC trimmed its full-year sales growth forecast to 5.7% from 5.9%.
Nonetheless, Lewis said, “all markets are on course to grow in 2016, including the UK, which so far shows no after-effects of the Brexit vote.”


Short URL : https://goo.gl/AElByo
  1. https://goo.gl/W1jsyR
  • https://goo.gl/IP9SO7
  • https://goo.gl/LgH8dH
  • https://goo.gl/szfbLj
  • https://goo.gl/PWsESn

You can also read ...

Tehran Stocks Make Record Gains to Stand at All-Time Highs
Bulls are on parade in Tehran's equity market, and they are...
Aside from European countries, 70-75% of other countries are using EASA standards and regulations.
Plans are underway to update and implement new rules and...
Tech Titans Trying to Kill Calif. Privacy Initiative
As data-sharing scandals continue to mount, a new proposal in...
Freak Plunge in Nintendo's Stock
Nintendo has been red hot for the past few years, but...
People walk by the Paris branch of Bank Saderat Iran.
Bank Saderat Iran, which boasts the most expansive overseas...
Iran’s Share in Global Sheepskin Exports at 5%
Iran has a share of 5% in global sheepskin exports and a 1%...
Gold Coin Bullish Despite Massive Supply
Despite several schemes by the Central Bank of Iran to satisfy...
Venture Capital Funds Essential to Startup Growth
Praising venture capital funds, Iran's Vice President for...

Add new comment

Read our comment policy before posting your viewpoints