EU Car Sales Drop 14th Consecutive Month; Car Sales Plunge 20.1% in Italy, 20.3% in Spain, 19.2% in France, 3.5% in Germany, Rise in UK

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Car sales are up in the UK, but down 10% on average in the EU. Overall sales, including the UK, are down for the 14th consecutive month.

From Google Translate Car sales plunge another 10% in Europe and UK only grows.

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In the markets of the European Union, in November, with the same computation of working days in November 2011, highlights the sharp rise of 11.3% for the UK, while other high-volume markets have reduced their records: 3.5% in Germany, 19.2% in France, 20.1% in Italy, and 20.3% in Spain.

From January to November, the scenario is similar, with the UK as the only major market expansion (+5.4%) and Germany (-1.7%), Spain (-12.6%), France (-13.8%) and Italy (-19.7%) in contraction.

The used passenger car market declined 5.6%

These are dismal numbers with pronounced deterioration in Spain, France, and Germany.

Mike “Mish” Shedlock
http://globaleconomicanalysis.blogspot.com

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avatarMike 'Mish' Shedlock - Mish's Global Economic Trend Analysis posted Saturday, December 15th, 2012.

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