Western European Car Sales Fall Again in October
Analysts from LMC Automotive are keen to point out that the second half of the year is turning out to be even worse than the first half. The phenomenon can be broken down into smaller pieces, with France recording its slowest selling rate since December 2008 last month, while the Germans aren’t doing too well either, with the car market going down by 1.6% so far in the year - Spain is also doing very badly, yet they may get a ‘breath of fresh air’ with a new scrappage scheme which is set to be put in motion.
The UK, however, is the only beacon of hope for the region, as the Isles’ car market recorded an increase of 12.1% over last year’s numbers, with an annualised sale rate of 2.1-million units per year. The LMC forecast for 2012 is a 8% drop by the end of the year, followed by a 2.7% drop, by the end of 2013.
Story via just-auto.com