European car sales plummeted in January, but no need to panic
The West European car market took a nosedive in January as payback from the December incentives hit home. The seasonally adjusted annualised rate (SAAR) of sales fell sharply to just 13.6 million units a year, from 15.1 million units in December. However, the actual sales year-on-year drop in January was just 0.5%. "The result looks bad but must be seen in the context of the very strong December total: January suffered from payback for robust sales in the previous month so, going forward, there is no need to panic," said Pete Kelly of JD Power-LMC.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable