Europe - Car sales on track for 15 million
It doesn't seem to have sunk in anywhere yet that if the current rate of expansion in the European car market continues at the present rate, then not only will the 15 million mark be reached, it will be left in the rear view mirror. Car sales in 1998 passed the 14 million mark for the first time, ending the year at 14,337,824. Growth for the first 5 months of 1999 has averaged 7.4%. It will only take growth of 2.9% for the rest of the year for the 15 million mark to be breached. Sales in May, according to provisional results issued by ACEA, showed growth of 7.1% for the month at 1,285,157 from 1,199,942. The cumulative total year to date stands at 6,762,159 from 6,298,073.
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