Western European New car sales shot up by 16.5 per cent in October compared with a year earlier.
However, industry analysts are predicting a fall of up to 10 per cent across the whole of 2010 as the beneficial effects of scrappage schemes come to an end.
Figures from Germany say that, so far in 2009, sales are up 25.9 percent but that the country’s hugely successful scrappage scheme end in September. Other European scrappage schemes, including the one in the UK, will also end before 2010.
According to JD Power figures quoted by just-auto, analysts expect Western European car sales to drop from 13.4m units this year to 12m units next year.
Adding to the bleak outlook, the analysts also predict that growth in Western European new car sales in 2011 will be in ‘single digits’.
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Re: European sales set to tumble
Yes, many years of communist stagnation will do that!
But, you know something, as with Russia (where I spend a lot of time) they're catching up fast and unlike us lazy g*ts in the "west" they work hard and want to improve their lot which I think will pay off in the not too distant future... Watch out Western Europe!
Re: European sales set to tumble
Re: European sales set to tumble
What evidence do you hold that the salaries of the J D Power staff are "rarified"?
J D Power are an independent commercial organisation who pay their salaries etc. by charging customers - who presumably are happy to know "western Europe " sales estimates.I see no data inside the monthly ACEA stats which is predicting sales which is a service I beleive J D Power offer.