Western Europe: May's Car Market Gain is Deceptive
The European car market rose by 10.4% in May to 1,420,127 from 1,286,180, according to provisional figures released by ACEA. That was a bigger rise than any of the most optimistic had expected, but it was somewhat misleading in that two major religious holidays and breaks take place in June this year whereas they both fell in May last year. That means that the month contained 2 extra days for both sales and production. The market after 5 months of 2000 was 2.7% up on last year at 6,940,844 from 6,757,675, and that is more than might have been expected. But there are some peculiar influences in play.
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