Sunday, January 19, 2014

European car sales in sixth consecutive year of decline

European car sales in sixth consecutive year of decline
Car sales rose 13.3 percent in December 2013 a year earlier, according to the European automobile manufacturer's Association (ACEA), in terms of the annual volume car sales decline in Europe but.

New car sales in December at the largest monthly year growth showed since December 2009, ACEA said on Thursday. The Group were warned, however, that in absolute terms, December in ten years with a total of 906.294 units, which registers the results of the third lowest for a month in Europe this month.

Furthermore, the ACEA showed latest figures that 1.7 percent, the car registrations, had rejected result of decline in 2013 from the previous year, the sixth year.

In terms of the annual volumes, that 2013 is the worst year since 1995 (when consisted of 15 countries of the European Union), and the worst since ACEA ever started the series in 2003 with the enlarged European Union (including the now 28 Nations).

The group said that results in European markets is clearly distinguished in the last 12 months. While the UK by 10.8 per cent, double-digit growth recorded new car sales and Spain booked a more moderate recovery of 3.3 percent countries such as Germany and France, a decline of 4.2 percent and 5.7 percent or booked.

Overall, the EU market recorded a total 11.850, 905 new cars or 1.7 percent less than in the year 2012.

Carlos because Silva, Manager for European vehicles global said sales forecasting at IHS insight, CNBC, that although the December sales increase was "quite an achievement" given the economic and social climate in Europe "must also recognize how deep in absolute numbers, these volumes are: the lowest level since 1995, the ACEA says."

"The misunderstanding would be taken into account, that is from now after four months of continuous growth, the EU market out of the Woods and back on the track, as if nothing happened would," he told CNBC on Thursday.

"The recent good results have welcome but they were so well actually? After years of collapsing sales, backlog has definitely begun sharing in 2013, but there was also a fair amount of artificially fed demand, "he said, citing sales growth u.k.-market as" due to the very good negotiations conditions "or Spanish growth thanks to country of car scrapping.

"Located in the year 2014, the EU market to come back..."But at the same time, we would point out that the recovery road could be very slow and staggered. Like the fact that we expect to get that car to 2008 volumes volumes again only through the next decade, ", he warned.

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