UK: European car sales off in May; YTD showing improvement
According to JATO Dynamics, European new car sales slipped back into decline during May. Following a small 2.0% increase in April (versus April 2012), May ended with a 5.8% reduction in new car sales/registrations. However, despite year to date (YTD) figures showing a year on year decline of 6.8%, the downward trend appears to be slowing, as YTD decline rates have become smaller each month since last March.
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