🚖IHS Markit Observations and Commentary today

By AUTO, Sales

🚖IHS Markit Observations and Commentary today

EU passenger-car registrations increase 5.9% y/y during November – ACEA.

The passenger car market in the European Union posted another month of growth in November, according to the latest data published by the European Automobile Manufacturers’ Association.

IHS Markit perspective

Implications: The passenger car market in the European Union was again helped by an additional working day in November.

Outlook: For the full year 2017, IHS Markit expects registrations to grow by 3.9% year on year to 15.25 million units, a significant gain from the low of 11.9 million units in 2013.

However, we expect sales to peak next year at 15.4 million units before falling back towards the next decade.

IHS Blogs

http://blog.ihs.com/ihs-markit-observations-and-commentary-eu-passenger-car-registrations-increase-59-yy-during-november-–-acea

 

 

 

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