Big Italian market supports European car sales in March
The new car market in Europe held up in March, but a strong Italy played a big role and without that the market situation would have looked a lot worse. The underlying temperature of European demand during March appears to have been close to the previous month, and not far from the one before that. The selling rate came in at 14.1 mn units/year. If the selling rate in Italy had been closer to its trend level, that would have pulled the SAAR for Western Europe as a whole down to an alarming 13.7 mn units/year.
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