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Car Sales in Western Europe Rose 7% in May

Registrations of new passenger vehicles in western Europe grew 7% to 1.31 million units in May, aided by one additional selling day, says LMC Automotive.

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Registrations of new passenger vehicles in western Europe grew 7% to 1.31 million units in May, aided by one additional selling day, says LMC Automotive. Results reversed a sharp year-on-year decline in April.

Germany led last month’s uptick with a 13% gain to 324,000 units. Volume also jumped in Italy (+8% to 204,100 units), France (+9% to 191,400) and Spain (+11% to 126,400).

Deliveries in the U.K. in May dropped 9% to 186,300 vehicles, dragged down by the aftermath of a tax increase in April that pulled sales into the first quarter. Demand for diesels plunged 20%. The Society of Motor Manufacturers and Traders says uncertainty about this week’s general election also was a factor.

On an annualized basis, May sales in western Europe climbed to 14.5 million units from 13.4 million in April. Germany’s sales rate surged to 3.6 million, its highest pace since October 2009.

Gardner Business Media - Strategic Business Solutions