The Western Europe PV selling rate disappointed in July, at 11.2 million units/year, returning to the levels seen pre-June. PV registrations fell 0.2% YoY to 916k units. Even though YTD sales are up 3.3%, we now expect most of this to unwind over the remainder of the year given the general weakness we have being seeing in selling rates recently.
In data: Europe’s car market disappoints in July
According to figures released by GlobalData, the Western European PV selling rate disappointed in July